61 years old. £70,000 in my pension pot.

[KeyInALock]

I'm screwed aren't I?

Still working, trying to save £500 a month now, but feeling pretty down.

DH is older than me and needing more and more care, so I will have to give up work soon to care for him. He already qualifies for his state pension, but doesn't have any sort of private provision.

We had a small inheritance that will be used to pay off our mortgage once it comes through.

On the plus idea I will qualify for the full state pension.

Any suggestions welcome 🙏

That was moving abracadabra. Hope you can relax and enjoy life a bit now.

I'm in a sort of similar situation with the pension - I have 3 small DC pots adding up to about £70-80k. They lost a lot with Covid and Brexit and to be honest don't seem to have recovered that much. I also have a DB pension that last year's estimate said was worth £4,300 a year, so not too bad. I'm 60 and single, still working (earn about £33k, but part-time) but crucially have paid off the house. I think worst comes to the worst if I lose my job and can't get something else in my line (or other work, I'm not fussy) I can draw down on the DC pensions and survive until state pension (full). I can downsize to a flat if needs be and release at least £100k. I won't be rich in retirement but will survive and plan on working as long as possible. If I have to work in a supermarket or similar hopefully they'll be some perks like a discount on food. If I can cover outgoings with that and not dip into savings/pension too soon that would be good.