Informed Decisions Financial Planning & Money Podcast

In our last podcast, we celebrated Fran's incredible achievement of amassing a €2 million pension pot through decades of disciplined saving and investing. Some who read it were inspired, some were envious, and others said "I don't bloody need €2m pension pot"! Today, we're asking a different question entirely: Do I actually need a €2 million pension pot to retire comfortably? And you'll see why I suggest the following are appropriate pension pots to fund a 'comfortable' retirement lifestyle; c€500k if you plan to retire in your mid 60's c€1m if you would like to retire in your mid 50's ‍These may seem like a luxury questions, but are the most important aspects in our retirement planning in Ireland. Because here's the truth: knowing how much you need to spend in retirement is key to knowing how much you need to save for your pension pot Ireland. Disclaimer: Seek professional advice before taking any course of action.