How old are you and how much do you have saved in your pension?

[availableforlunch]

I'm dreaming thinking about retirement and using the MAS calculator. Apparently I need to put a huge sum into my pension each month (over £700!).

I'm 31 and have about 20k saved. Started aged 20 thanks to my sensible boss at the time advising me that I should. She was only 7 years older than me so I took her advice on board.

£20k still seems paltry for 11 years of saving!?

How old are you and how much is in your pension pot?

I shouldn't join threads like these as I always end up feeling like I am failing.
Some of the pension pots mentioned are far beyond what mine will ever be. I am already paying in as much as I can and I am already overstretching myself to do that. I am a lone parent on a low income so that doesn't help, but my god I am pooping myself now for my future

Just open a savings and put it in that.

I'm a higher rate tax payer so I get a 40% discount on money I put in my pension. I aim to put in all the income I get that would take me into the higher rate bracket, so my income stays in the 20% bracket. That would take me over the annual allowance of £40k but I have prior years allowances I can utilise.

Then I also save about £1k pm into savings in case I want some money with quicker access.

But, I'm currently quite a high earner. I'm not expecting that to last to be honest as I'm bored witless of my job!

One thing everyone should check (you do it on the government website) is whether they will receive a full state pension. You need a minimum number of years contributions and whilst at university and if you live overseas you get none, plus if you stay home past your kid turning 12. It's not a lot but at over £700 a month worth having

48. 250000. Scary that so many have 0. Though can understand that it can't always be helped

I don't have a pot as I have a defined salary pension. At this stage, I have a current day value of roughly €19k on mine - but it will effectively support both DH and I as his pot is rubbish (despite building it up for more than 20 years). I'm mid-40s.

If I stay in my current job, and don't get promoted, I will eventually have a final pension worth €38k in today's money. That includes State pension. I know I'm very lucky.

Joining a LGPS was the only sensible financial decision I think I've made! Should receive a welcome lump sum at 65 plus £25K a year and at 67 an extra £8.8K state pension (but I have a feeling this will be either gone or means tested by the time I'm 67).

I'm 39 and I have £30k in a SIPP, and £10k in a lifetime ISA. I only started paying into a private pension in my 30s, and I'm limited with the amount I can pay in (currently paying 80% of salary, which gets added to by the government, but that's not a lot as I'm part-time). I'm a full time carer but even when my only income was carers allowance, I paid in £2880 a year, which you are able to do even if you don't earn a wage. It gets tax relief added just like any other pension contribution.

I've spaced out my dc so I've never had gaps in my national insurance - I've had NI credits from either part time work (that I did before having dc), child benefit or carers allowance. I'm still getting carers allowance, and also child benefit for my youngest dc aged one. That covers me for another 11 years, and I only have 11 more years to bring me to 35 years.

47 and about £140k most of it in an American pension scheme, haven’t put anything into it for the last 12 years as I’m now a low wage earner and a carer for my disabled child.

47 & £160K across two pension pots. Aiming for £350K.

41, £260,000 split across several pension pots. When I hit 39 I tripled my monthly contributions to now nearly £1900 a month making the most before I burn out in this damn job. It is by far the most tax efficient vehicle as an employed person.

If I stopped at £300,000K I think it will just cover the bare minimum living costs due to price inflation in the future and the fact that it will need to last 30 years. I think state pension won't exist by the time I retire or will be just small change.

It sounds like a lot now but my financial advisor says it's the bare minimum and he is pressing me to put in even more.

Not a clue how I actually work out what I will retire with though.

SherlockSays you can ask the NHS Pensions Scheme for a forecast of your NHS pension, and you can also get a forecast of your state pension (I got mine by letter but I think you can do it on gov.uk nowadays).

Age 31, £10k in pension funds. But I own two buy to lets together worth around £750-800k, I consider them as my pension for the future.

35, approx £40k in a pot overseas plus 6 years and counting in a defined benefit scheme and a very small AVC pot (currently about £3k). I don't know, I realise this sounds a bit Eeyore but I just sometimes wonder whether any of us of my generation or younger will be around to see our pensions or whether the planet is going to implode before we get there.

I'm 29 and have £29k which doesnt seem much for 7 years worth of working. I do t earn badly either.

The combined contribution from my employer and I is about £700 per month

I'm going to open a Lifetime ISA too

Early 40s and just under 25K. Not great, but I have just started a job with a LGPS option so keeping fingers crossed that all works out until retirement as it's the only thing between me and penury!

For an income of £20K, you'll need a pension pot of £447K apparently.

45 and £140K - I only worked FT from age 24 to 30 (5 years at uni and a gap year first) before having DC and going PT, which hasn't helped. DH (48) has a pot well over the LTA - started paying in at 18.

I'm 48 and have two final salary pensions with a combined current value of around £500k. I intend to retire at 57. I have been incredibly fortunate to work for two companies who had very good pension schemes. Unfortunately the DB pension has now closed with my current employer and now on a DC pension but they do contribute 7.5%.

30 and £2810 a year of defined benefit.

42, and something over £400k.

Depending on how much you earn, a £20k pot for 11 years' saving is quite low. What percentage of your earnings do you/have you contributed?

Mid 30s, about £130k. Started it 13 years ago. Investment growth has done at least as much as actual savings for me.

52, I have no pension. I have a property that I rent out and that will give me enough to live on with my state pension. I also live in a large house so can downsize when everyone’s left.
Both my parents were in excellent pension schemes. Mum died at 58 Dad at 62. Never benefited.
My brother and I got small amounts from their pensions.
I think it’s better to invest in property.
It’s a regular income and you can cash in if you need it for yourself or family.

32 - £280k I’ve been exceptionally lucky with my current employer who has a very generous scheme. I also put my bonuses straight into my pension pot (tax free).

40s. I was sensible combined with advice and have contributed along with employer since starting work. Already heading towards £1m in the pot so will have to stop contributions

What pisses me off is all of the notional calculations of pension blue... only need to discuss with public sector friends

The notional pension contributions