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Podcast: The SharePickers Podcast with Justin Waite
Episode: The Weekend Podcast - How much do you need to retire?
Description: How much money do you need a year to do the things you want to do?
If you had a million pound and had it in a high yielding dividend fund, let’s say it would pay you 5%, you’d get £50k per year.
From the age of 20, you would have to put £500 a month aside and assuming you can earn 5% interest a year, you’d have £1m by the age of 65.
That’s a lot isn’t it? I don’t think many 20 year olds can afford to put £500 a month away.
So how can y...