Average Pension Pot UK 2026 — How Much Do People Have Saved?

Average Pension Pot UK 2026: How Do You Compare?

Chandraketu Tripathi

Finance Editor, Kaeltripton

Published 7 Apr 2026

Last reviewed 18 Apr 2026

✓ Fact-checked

What is the average pension pot in the UK?

The average pension pot in the UK at retirement age (around 65) is approximately £107,000 according to the Pensions Policy Institute (2025). However, this average is heavily influenced by a small number of people with very large pots — the median pension pot (the middle value) is considerably lower at around £55,000 to £65,000.

UK average pension pot at retirement: approximately £107,000. Median: approximately £60,000. Both figures exclude the State Pension. Source: Pensions Policy Institute, 2025.

Average pension pot by age UK

Age group	Average pension pot	Median pension pot
25 to 34	£14,500	£4,900
35 to 44	£40,000	£15,000
45 to 54	£82,000	£35,000
55 to 64	£107,000	£55,000
65 and over	£118,000	£65,000

Source: ONS Wealth and Assets Survey and Pensions Policy Institute, 2024 to 2025. Figures are approximate and exclude defined benefit pension values.

How much pension do you need for retirement?

The Pensions and Lifetime Savings Association (PLSA) Retirement Living Standards define three tiers:

Lifestyle	Single person annual income needed	Couple annual income needed
Minimum	£14,400	£22,400
Moderate	£31,300	£43,100
Comfortable	£43,100	£59,000

These figures include income from all sources — State Pension, workplace pension, and private savings. The full new State Pension is £11,502 per year in 2025/26, so private savings need to bridge the gap to your target income.

How much pension pot do you need to retire?

A common rule of thumb is that you need a pension pot of 20 to 25 times your desired annual income from it. For a moderate lifestyle (£31,300 total income), subtracting the State Pension (£11,502) leaves a private income requirement of around £19,800 — needing a pot of approximately £396,000 to £495,000 at retirement.

How to catch up if your pot is below average

Increase employer contributions by boosting your own — many employers match additional contributions
Open or maximise a Stocks and Shares ISA alongside your pension for flexibility
Consolidate old pension pots — lost and dormant pensions average £13,000 per person (PensionBee, 2024)
Delay retirement by even 2 to 3 years — this significantly increases your pot size and reduces the drawdown period
Consider a SIPP for additional tax-efficient saving beyond your workplace pension

Verdict

Most people are behind — but catching up is possible

The average UK pension pot is well below what most people need for a comfortable retirement. Consolidating old pensions, maximising employer matching, and starting earlier are the three highest-leverage actions available to most people.

Frequently asked questions

What is a good pension pot at 60 UK?

At 60, a pot of £200,000 to £300,000 is broadly considered on track for a moderate retirement, assuming a full State Pension will also be received from age 66. A comfortable retirement typically requires £400,000 or more in private savings.

What is the average pension pot at 55 UK?

Around £80,000 to £100,000 on average, though the median is considerably lower at around £35,000 to £50,000. Many people have multiple pots across old employers that are unclaimed.

How do I find my old pension pots?

Use the government Pension Tracing Service at gov.uk/find-pension-contact-details. Provide your old employer name and they will trace the pension scheme. You can also use the MoneyHelper Pension Tracing Service.

Does the State Pension count toward my pension pot?

The State Pension is not a pot — it is an income paid weekly from retirement age. The full new State Pension in 2025/26 is £221.20 per week (£11,502 per year). It supplements but does not replace private pension savings for most people.