Has been said many times before it depends on the lifestyle you want to live. A lot of people can live on £500 per month if you have your own house. I mentioned to the father in law when I was there. I said if I was retiring now I would have P56000 per month. Would this be enough to live on? He said if you have your own house what you going to do with the other p36000? . Like I said steve it depends where you live and how your going to live.