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To be worried that this is the value of my pension age 39?

30 replies

Unwiq · 25/07/2025 15:16

I’m 38 and my pension is currently valued at 55k. I have been paying into it alongside various employers since I was 24. I am not practically 40 and it seems like absolutely nothing. How much should I have saved by this age? Does anyone know how I can get back on track or if it’s even possible now? Also, should it increase faster now it’s got more in it? Or will it take me another decade for just another few thousand?

OP posts:
caringcarer · 25/07/2025 15:58

Don't rely on any government to support you in retirement. The way things are going the age to be able to claim pension will be up to 70.

Clychaugog · 25/07/2025 15:58

Get on the money helper website and use their pensions calculator. It will model your retirement income based on what you currently have and your future contributions. You can work out if you need to put more in for the lifestyle you want.

caringcarer · 25/07/2025 15:57

How much do you pay into pension every month? Anything you pay is before tax so it's worth paying more if you can. Will your employer pay more if you pay more? Some employers do pay more if employee pays more.

CeaselesslyIntoThePast · 25/07/2025 15:53

That’s about £57 quid a week in retirement isn’t it

Rocknrollstar · 25/07/2025 15:46

You need to talk to a financial adviser and get professional help and advice.

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