Would it be enough

Just some notes from us pensioners:

“If you retire early, make sure you continue paying PRSI contributions, or that you are getting credited contributions (if you are eligible). This can help you get a contributory pension when you reach pension age.”

Vets fees can be enormous.

Human dentist fees can be enormous

Back injury? Chiropractor’s fees can be a shock, especially as its weekly visits for as long as they say.

At the end of each month I check our bank balance and hope the balance is higher than the previous month’s, sometimes I am disappointed, especially those months when the house insurance comes up or the car insurance or NCT comes up.

Invitations to weddings, birthday parties, all cost a bit too.

We recently had to have necessary work done on the house, another disappointing balance at the end of the month.

So much to weigh up. Do the sums, really only you can judge.

https://www.citizensinformation.ie/en/social-welfare/older-and-retired-people/state-pension-contributory/#4062a5

how many years to retirement? 500 doesn’t sound like a lot to me with less than 20k savings. All depends on what you want to experience in life I guess.

Think with respect 20 k savings is not a lot in this day and age with the potential outlays you might have .Of course nobody knows how long we will live ,living in old age in near poverty would be very tough .A couple of unexpected bills would wipe out those savings with little chance of making that money back .The post from the pensioner above has pretty valid points .

Anyone could die tomorrow, simple as that. OP you want to live life and fair play. 500 a week is plenty for 2 people.

I'm planning to get mortgage paid off and hope to live on 1k a month easily.

The only thing I wouldn't cheap out on is organic food, health insurance and life insurance.