“What is a good size pension pot at age 55” A good pension pot at age 55 can vary significantly based on factors like your retirement goals, lifestyle expectations, and where you live. However, a common benchmark is to aim for a pension pot that allows you to withdraw about 25% of your pre-retirement income annually. For example, if you want an annual income of £30,000 in retirement, a pension pot of at least £600,000 would be needed, assuming a safe withdrawal rate. Many financial advisors suggest having at least 10-12 times your annual salary saved by this age to maintain a comfortable standard of living in retirement. Ultimately, it’s important to assess your personal situation and goals when determining what a “good” pension pot means for you. Check out our blogs in my bio for a deep dive into this topic. #retireearly #retirement #retirementplanning #pension