Young workers need £131 per month for comfortable retirement - Which?
'Easily achievable'
Aegon's Kate Smith said the figure was achievable
Savers aged 20 need to put away £131 every month into a defined contribution (DC) pension to achieve a £26,000 annual income in retirement, research from Which? has said.
The figure rises to £198 for 30-year-olds, £338 for 40-year-olds, and £633 for 50-year-olds, and assumes 20% tax relief, 3% investment growth, and a state pension top-up. Saving this amount would help...
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