Having decided when you want to
retire, you should next look at how you’ll want to live.
Think of it as a permanent
A rule of thumb might be to
aim for an income of a half to two-thirds of your current one – adjusted
for inflation and set to keep pace with it in retirement.
Consider what you’ll be doing.
Will you be taking more holidays or pursuing an expensive hobby? The
chances are, you’ll want to carry on living at
the same standard as you do now.