Pensions Council: "€33k a year pension needed for 'comfortable' retirement"

I assumed a 4% annuity rate for simplicity.

So, €24k x 25 = €600k.
The thing is though that your fund would still be getting investment returns after retirement. If you're taking 4% per year (24k) and it's getting a 5% investment return it'll be worth more than €600k when you die. Good for the kids though I suppose.
 
Yeah, that's kind of the way I think, do you need a big pension pot if you've no dependants or not planning on leaving it to someone
My plan is to have fairly well depleted my funds by 80, that's if I live that long and all that will be left of value is the house
which I suppose one of my nieces on my wife's side will get
 
You might as well have nothing left when it's time to go into the old folks home or the state will have it
 
Agree with you here GG for the most part as in I don't agree with the idea of offloading your assets so as to avoid the cost
If you cant afford a nursing home, fair enough the state has a mechanism to help with this
But if you can, pay the bill and don't be expecting other people to