Permabanned
- Joined
- 8 Feb 2004
- Posts
- 4,539
Hello
So, I have set myself the goal of retiring with a pension pot of £1,000,000 (currently 35 years old assuming retire at 67)... No real reason for such an arbitary number but I come from a humble background and obviously 7 figures is quite a big deal so why not? (much less so when i retire, I know!).
So my question relates to what is a reasonable APR to expect my pension pot to generate on average until I retire.... Yes, yes, I understand predicting global markets is difficult (especially over 32 years!) but there must be some boffins in here who can make some reasonable predictions? My gut feeling is that 3% is realistic but would love to hear from some bankers etc as to what they expect... I know interest rates are low at the moment so the glory days of big returns are long gone.
Hoprfully people can offer some genuine adivce here... Especially Dowie as he seems pretty sharp with regards to financial matters.
So, I have set myself the goal of retiring with a pension pot of £1,000,000 (currently 35 years old assuming retire at 67)... No real reason for such an arbitary number but I come from a humble background and obviously 7 figures is quite a big deal so why not? (much less so when i retire, I know!).
So my question relates to what is a reasonable APR to expect my pension pot to generate on average until I retire.... Yes, yes, I understand predicting global markets is difficult (especially over 32 years!) but there must be some boffins in here who can make some reasonable predictions? My gut feeling is that 3% is realistic but would love to hear from some bankers etc as to what they expect... I know interest rates are low at the moment so the glory days of big returns are long gone.
Hoprfully people can offer some genuine adivce here... Especially Dowie as he seems pretty sharp with regards to financial matters.