Is this OK for retirement?

[Soootired23]

I currently have around £34k in my pot, DH thinks he must have around £24k.

We get deducted around £7.5k every year, which would take us to around £250k by the time he retires, by the time I retire, we'd get at least another £30k. That doesn't take into account the investment piece around pensions, mine is in a mid risk "pot".

We'll be mortgage free in the next 5 years with a house worth £400k. The plan is then to buy a more expensive house (salaries allowing) and then downsize again, so we'll end up with at least another £300k in the bank.

To me that seems enough, but I don't know if I'm being unreasonable.

The thing with money is that it is all relative: There are those that shop in Waitrose and complain about not having enough money, and those that manage in Lidl & Aldi on a fraction of the amount.

I assume the State Pension of £12K means that it is possible to survive on it, otherwise the streets would be littered with dead pensioners.

I guess I'm going to be one of those staying at home and doing gardening instead of jetting off to an exclusive spa in Bali twice a year.

Like the one above... I'd never see £2 million in my whole life, so that number seems outrageous and beyond unreachable

Run yoir number as a singlr person through this calculator:
www.guiide.co.uk/

Thanks! According to that link my plan is bulletproof ha!

I agree - pension threads always make me feel like l am going to be that pensioner who has to choose between eating and heating