For some people retirement seems like a long way away but it's never too early or too late to start planning ahead and The Humble Penny have broken down exactly how much you'll need at the age of retirement. There are three kinds of lifestyle to aim towards living at retirement, a minimum, a moderate and a comfortable. They focus on living a 'minimal lifestyle', which means to cover all your needs and have some leftover for fun. Retirement age in the UK is currently at 66 years old and they say you should aim to have around 25 years of income in your retirement pot to cover your costs up until the age of 91. So with all those numbers how much will you actually need? Here's the breakdown. They say that for a single person living inside of London you'd need 13,200 per year of retirement, which works out to around 330,000 in your retirement pot, and for a couple person inside of London it'd be 21,000 a year and 527,500 in your retirement pot. They go on to give details about those living outside of London in the UK and cover the different types of lifestyles in depth on their YouTube. Listen here to find out how much you'd need living outside of London for a minimum lifestyle: [audio mp3="https://premiergospel.org.uk/wp-content/uploads/2023/01/PG-Feature-GB-Money-Matters-Jan-3rd-2023-RETIREMENT-NEW-YEAR-TAGGED.mp3"][/audio] - You can find out more about each life style and get more money advice by following @TheHumblePenny on social media, subscribing to their YouTube channel and visiting their website: https://thehumblepenny.com