Given today's state pension age of 66 that would see retirees living until 93, and they need a bigger pension pot to last the course, especially if they want to enjoy their final years.
A moderate retirement lifestyle with one overseas holiday per year and several meals out a month requires annual income of at least £31,300, says the Pensions and Lifetime Savings Association.
This rises to £43,100 for a more comfortable lifestyle with small luxuries and mini-breaks.
Generating that kind of income isn't easy, with the new state pension currently only paying a maximum of £11,502 and many retirees getting less.
More than four in 10 know they're not saving enough despite adopting healthier lifestyles that may extend their life expectancy.
Denne historien er fra October 02, 2024-utgaven av Daily Express.
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Denne historien er fra October 02, 2024-utgaven av Daily Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Hands-on Arteta already planning for the next era
MIKEL ARTETA celebrates his 250th game in charge of Arsenal today - and has already mapped out the future with the Gunners hierarchy.
Unai said: Until you can prove yourself you're a Championship player in my eyes
TOUGH love has transformed Morgan Rogers into a Premier League thoroughbred.
No place like a prize home for Omaze winner
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Back beside the seaside 52 years on
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'Harshita, you left this world but are still in our hearts'
Family's tribute to body-in-boot wife
Factory farming costs taxpayer £1bn a year
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'Our beautiful one-of-a-kind Simone had a spark for life'
THE parents of a British lawyer who died after allegedly being served drinks laced with methanol in Laos say they are \"devastated by the loss of our beautiful, kind and loving daughter\".
Strictly Sarah: I didn't believe I could do lifts ...but look at me now
NEWLY confident Sarah Hadland has ditched her panic about bare legs, fake tans and doing ballroom lifts to become a firm favourite to win Strictly Come Dancing.
Down thunder! Aussie TV camp soaked
THE I'm a Celebrity...Get Me Out of Here! camp has been battered by torrential rain, which could lead to the contestants being evacuated.
300 jabs a minute to event tripledemic’
AN NHS vaccination blitz is delivering more than 300 jabs a minute to tackle a deadly \"tripledemic\" of flu, Covid and respiratory syncytial virus.
