Saving £824 a month for retirement is the stuff of fantasy

The average 30-year-old person wanting to enjoy a good retirement at the age of 65 needs to save at least £824 a month until they retire. That's the mind-boggling new statistic from the deVere Group.

To put that in context, based on the average salary of £26,500 that leaves just £1,384 a month, before tax, to pay for housing, food, heating, lighting, transport, clothing and all of life's other essential bills.
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