Save $1,000 a month for 25 years and get 7% returns and you will have nearly $1m to retire on over and above any state provisions you may be entitled to. Simon.
Many savers can not reach that goal of 7% not when the prime is .5 % and the banks give mortgages under 3%. Too much saving might cost you in reduced government guaranteed old age supplements. Move to a country with publicly financed health care. apply to be a refugee.
Be wary of mutual funds, charging 2% per year, In 25 years it will eat away half your investments, compounded.