The Reality of Retirement Planning

When do you think you'll be able to retire?

Perhaps you can't wait to pick up your last pay check or maybe you love your job so much you want to work for the rest of your life.

For those who do hope to retire, the latest research suggests we'll all need an an extra £8,000 a year for a so-called moderate retirement according to the Pensions and Lifetime Savings Association.

Meanwhile, the International Longevity Centre reckons we'll need to raise the state pension age to 71 by 2050.

On this Money Box Live we're getting to the bottom of how realistic that is and what it all means.

We'll hear from someone working well into their 70s as well as a super saver hoping to retire in her 40s!

Felicity Hannah is joined by Helen Morrisey, Head of Retirement at financial services company Hargreaves Lansdown and Dr Emily Andrews, Deputy Director for Work at the Centre for Ageing Better charity to answer your questions and comments.

Presenter: Felicity Hannah Reporter: Eimear Devlin Producer: Sarah Rogers Editor: Jess Quayle

(This episode was first broadcast at 3pm on Radio 4 on the 14th of February 2023).