How much do you need to retire?

Based on a video from the YouTube channel "Time2Retire" we examine the "Retirement Living Standards" published by the Pensions and Lifetime Savings Association (PLSA). The video discusses the different categories of retirement - single, couple, basic, moderate, and comfortable - and the estimated annual income needed to maintain each lifestyle. The presenters debate whether the PLSA figures accurately reflect real-life spending patterns and provide their own perspectives on what it takes to live comfortably in retirement.