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.
🔢 Try the free calculator → https://subscribepage.io/dream-life-calculator (⏳Free for early listeners limited time only!)
📕Resources mentioned:
- The Psychology of Money by Morgan Housel — one of my top recommendations for shifting how you think about wealth, choices, and what “enough” means.
📖 Read it on Amazon → https://amzn.to/45xvBzR
🎧 Listen on Audible (free 30-day trial) → https://amzn.to/3JxJ5UQ
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📊 Figures Recap
- Full UK State Pension: ~£11,973/year (Aug 2025)
- Guideline Pot Targets (PLSA):
- Single: Moderate £390K–£490K | Comfortable £650K–£820K
- Couple: Moderate £400K–£500K | Comfortable £720K–£900K
- Rule of Thumb: 20–25× desired annual retirement income
- Current UK Pension Pot Data (ONS): Median ~£87K (ages 55–64)
- Four Tiers: Minimum £58K (single) / £0 (couple) | Moderate £390K / £400K | Comfortable £650K / £720K | Dream £1–1.5M+
These figures are here to help you visualise and plan your own version of "enough." Use them as a guide, not a rulebook.
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Disclaimer: This podcast is for information only and not financial advice. Please do your own research or speak to a licensed financial advisor.
