Good question - the answer, of course, depends on the rate of inflation.

Assuming a yearly inflation rate of 2%, £1,000.00 in 2020 is equivalent to £1,811.36 in 2050. In other words, £1,000.00 in 2050 will buy the same as £545.48 can today.

You can try this calculator to get figures specific to your own circumstances. Standard Life accepts no responsibility for the information contained on this website.

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