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How much money should I have in my pension?

Alex avatar
Written by Alex
Updated over 2 weeks ago

The amount you’ll need depends on things like your lifestyle, when you plan to retire, and whether you’ll have other sources of income, such as the State Pension, savings, or property. Typically, many people find their expenses go down in retirement, for example, they may no longer have a mortgage or childcare costs, which is something to take into account.

We can’t provide specific figures or financial advice on how much you should have in your Pension, but this article from Pensions UK may be helpful for your retirement planning.

If you’d like tailored advice, it may be worth speaking to an Independent Financial Adviser (IFA). They’ll be able to look at your full financial picture and help you understand how much you’ll need to save to reach your goals.

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