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Is One Million € Enough to Retire? - Real Income from Savings In this week's podcast, Paddy talks about what a €1 million pension can actually generate in retirement—and why the headline number doesn't always match the reality of income.
The tax-free lump sum explained
You can take 25%, but only the first
Time: 32:06
In this week's podcast, Paddy talks about what a €1 million pension can actually generate in retirement—and why the headline number doesn't always match the reality of income.
The tax-free lump sum explained
You can take 25%, but only the first €200,000 is fully tax-free. The rest may be taxed, reducing what you actually receive. ARF income isn't as high as you think
A €750,000 ARF might generate around €30,000 per year—but after tax, that's closer to €25,000 net. The State Pension makes a big difference
Adding the State Pension can bring total income to roughly €45,000+, improving monthly income significantly. Annuities offer certainty—but at a cost
They provide guaranteed income for life, but you give up control, flexibility, and access to your capital. You can take more—but it comes at a price
Higher withdrawals from an ARF are possible, but they increase your tax bill and may reduce long-term sustainability. A mix of ARF and annuity may work best
Combining both can give you a balance of guaranteed income and flexibility. Couples have a clear advantage
With two State Pensions and wider tax bands, married couples can generate significantly higher net income. What matters isn't the €1 million
It's the income it produces—and whether that income supports the life you want. What's realistic, what's sustainable, and what €1 million actually means in retirement. Enjoy listening!
GUID: 76ce80f4-c7ac-4c14-ad25-7fe30978b419
Release Date: 13/04/2026, 13:11:00
