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Create accountAverage Pension Pot by Age UK
Check if your pension pot is on track for a comfortable retirement. Compare against UK averages and see what you would need to retire at 67.
Average pension pot by age in the UK
| Age | Median | Mean | Moderate target |
|---|---|---|---|
| 22-29 | £5,000 | £12,000 | £583,000 |
| 30-34 | £18,000 | £35,000 | £583,000 |
| 35-39 | £35,000 | £65,000 | £583,000 |
| 40-44 | £60,000 | £110,000 | £583,000 |
| 45-49 | £90,000 | £160,000 | £583,000 |
| 50-54 | £120,000 | £210,000 | £583,000 |
| 55-59 | £150,000 | £270,000 | £583,000 |
| 60-64 | £170,000 | £300,000 | £583,000 |
| 65-69 | £160,000 | £280,000 | £583,000 |
Sources: ONS Wealth and Assets Survey (median/mean), PLSA Retirement Living Standards (moderate target at 4% drawdown). Moderate target is the lump sum needed at age 67 for a moderate retirement of ~£23,300/year.
The "half your age" rule
A common rule of thumb: take the age you started saving, halve it, and that is the percentage of your salary you should contribute to your pension each year (including employer contributions). Started at 25? Contribute at least 12.5% of salary. Started at 30? Aim for 15%.
Most people underestimate how much pension they need. The median pension pot for someone aged 55-59 is £150,000, but a moderate retirement needs roughly £583,000. That gap is why tracking your pension alongside your other assets matters.