Have you ever looked at your bank balance, savings, or pension and wondered, “Is this actually enough?”  You’re not alone – and in this episode, I share the moment I nearly fell off my chair after seeing the UK’s standard guideline pension figures.

We dive into what “enough” really means, not just as a number, but as a feeling shaped by your lifestyle, values, health, and goals. I’ll walk you through:

• Why “enough” is different for everyone.
• How lifestyle creep can move your financial goalposts.
• The Pensions and Lifetime Savings Association (PLSA)'s suggested figures for moderate and comfortable retirements.
• A simple rule-of-thumb formula for estimating your target pot.
• The reality of average and median UK pension savings – and why you’re probably not alone if you feel behind.
• My four-tier framework: minimum, moderate, comfortable, and dream lifestyles.

This isn’t about panic – it’s about clarity. You’ll get practical ways to break big targets into manageable steps and ideas for building your “enough” through multiple sources, from pensions to property to lifestyle changes.

Resources mentioned:

• The Psychology of Money by Morgan Housel
   📖 Read it on Amazon → https://amzn.to/45xvBzR
  🎧 Listen on Audible (free 30-day trial) → https://amzn.to/3JxJ5UQ

(As an Amazon Associate, I earn from qualifying purchases at no additional cost to you.)

Figures Recap

Here are all the key numbers from this episode for easy reference:

• Full UK State Pension: ~£11,973/year (Aug 2025)

Guideline Pension Pot Targets (PLSA):

• Single-person household:
  • Moderate lifestyle: ~£390,000-£490,000
  • Comfortable lifestyle: ~£650,000–£820,000
• Two-person household (combined):
  • Moderate lifestyle: ~£400,000–£500,000
  • Comfortable lifestyle: ~£720,000–£900,000

Rule of Thumb (20–25× desired annual retirement income):

Current UK Pension Pot Data,

Send us a text

Support the show

👉 Follow the show so you don’t miss what’s coming next.

📲 Say hi or share your thoughts on Instagram: @AmITooLatePodcast

📊 Know Your Numbers worksheet https://subscribepage.io/knowingyournumbers

📣 Know someone who needs this? Don’t wait — share the episode and give them the nudge they didn’t know they needed.

💚 Support the podcast: buymeamatcha (https://buymeacoffee.com/iamnaho) or DM on Instagram

💡 I use InvestEngine for my own SIPP — If you’d like to try it, here’s my referral link: https://investengine.com/referral/u/jyuqxm/ (affiliate link — new users can get up to £200 as a bonus)

I use Trading212 for my Stock & Shares ISA https://www.trading212.com/invite/16ZXVTT6Dm (affiliate link - receive free shares up to £100)

Disclaimer: This podcast is for information only and not financial advice. Please do your own research or speak to a licensed financial advisor.