A piece of research was carried out by AJ Bell, which found that by consistently investing £78 a month into an ISA starting at age 22, the retirement fund by the age of 65 would reach £1 million.
While there are no guarantees, many investment options can generate incredible results, especially if you start early and are consistent with your deposits.
If you’re later on in your career, a retirement expert can suggest alternative investments or income sources that could also offer healthy results for your portfolio.