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Brits save for retirement fun

Many Brits are saving now so that they can spend, spend, spend and enjoy their retirement in the future, new research from Abbey Savings shows. Some 44 per cent of those saving for their retirement were planning a trip around the world, while 25 per cent wanted to take up a new sport or activity and 1.8 million people said that they would like to try an extreme sport, like parachuting or bungee jumping.However, Abbey's study revealed that in reality, only 48 per cent of retired people had actually saved enough to do everything they wanted in their retirement and that 61 per cent of those still working do not think that they will be able to save enough money to afford everything they want to do when they retire.Most people believe they will need to save £201,000 in order to retire in comfort, but research shows the figure is really closer to £400,000. Reza Attar-Zadeh, Abbey's Head of Savings commented on the findings: "Clearly Brits are enjoying their retirement, but it's sad to know that a significant number of retired people didn't save up enough to fulfil their retirement dreams and that over 60 per cent of us don't think we’ll have enough savings to enjoy our retirement fully. "We all need to think carefully about our retirement and make sure we're saving up enough money every month to fully enjoy the autumn and winter of our lives."

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