How Much Do You Need in Your Pension to Retire at 67?

Do you know what most people actually retire with in the UK?The latest ONS data puts the median pension pot for someone aged 55 to 64 at just £107,000. At the current safe withdrawal rate, that gives you roughly £22 a day after essentials. And 43% of working age people are heading for a shortfall according to the DWP's own 2025 analysis. Even the 75th percentile pot of £185,000 falls well short of what's needed for a moderate retirement.In this episode, I walk through the real data at every age band, show what £107,000 actually buys you each month, and explain why the gender pension gap leaves women aged 55 to 59 holding roughly half of what men have. I also cover the practical moves that make the biggest difference, including why buying back missing National Insurance years at £824 each is one of the best returns available and how working just two to three extra years has a triple compounding effect on your income.With over 25 years advising individuals and employers on pension and retirement strategies across PwC, EY, Aon, Willis Towers Watson, and KPMG, I've seen how the gap between what people think they have and what they actually need catches them out every time.Watch this episode in full on our YouTube channel: https://www.youtube.com/@retirementandmoney