Have I Enough?
Have I Enough?
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Pension outlook · worked example

Will I have a £150k pension at 31?

Yes — time is on your sideOn track for £265k by 67

Yes. Starting from the £15k an average saver your age already has, and paying in the auto-enrolment minimum of about £220 a month on the median £39k full-time salary for your age, you're on track for roughly £265k by 67 — you'd pass £150k around age 56. About 59% of that is investment growth, not money you save — you don't need a big income, you need time.

Change these numbers liveOpen the full planner

You don’t save your way to £150k — you grow it

Of the £265k pot built by 67, about £109,740 is money you put in and roughly £155,447 is investment growth — 59p in every £1 comes from compounding, not a bigger salary.

Target £150k£265kAge 31Age 67
Money you put in Investment growth £150k target

Here’s the scenario

A typical earner your age, built from ONS national medians — not a high flyer. Everything is in today’s money.

Age now
31
36 years to age 67
Median salary
£38,961
ONS median full-time pay, ages 30–39
Paid in / month
£220
Auto-enrolment minimum (you + employer)
Already saved
£14,700
ONS median pot for savers this age
Growth
5% a year
Above inflation
Target
£150k
Pension pot by 67

How the pot builds up

  • Age 31
    Not yet
    Paid in
    £15k
    Pot value
    £15k
  • Age 36
    Not yet
    Paid in
    £28k
    Pot value
    £32k
  • Age 41
    Not yet
    Paid in
    £41k
    Pot value
    £53k
  • Age 46
    Not yet
    Paid in
    £54k
    Pot value
    £79k
  • Age 51
    Not yet
    Paid in
    £68k
    Pot value
    £111k
  • Age 56
    Not yet
    Paid in
    £81k
    Pot value
    £149k
  • Age 61
    Past £150k
    Paid in
    £94k
    Pot value
    £196k
  • Age 66
    Past £150k
    Paid in
    £107k
    Pot value
    £252k
  • Age 67
    Past £150k
    Paid in
    £110k
    Pot value
    £265k

On these average figures you’d pass £150k around age 56 — and it keeps compounding after that.

What a bit more each month does

+£50/mo
£312k
by 67 (£270/mo total)
Reaches £150k
+£100/mo
£358k
by 67 (£320/mo total)
Reaches £150k
+£200/mo
£451k
by 67 (£420/mo total)
Reaches £150k

Try it with your own numbers

Live

The real planner engine, running in your browser. Change your pot, monthly saving, growth and target and watch the pot you’d have by 67 — and the age you’d hit your target — update instantly.

On trackHits £150k at ~53

You'd reach £150k around age 53 and have about £338k by 67. Around 68% of that is investment growth.

Pot at 67
£338k
Hits target
Age 53
You put in
£110k
Growth adds
£228k

Projected pot (today's money)

Pot
Open the full plannerAssumes contributions to 67 and growth above inflation. Illustrative only — not financial advice.

Other pension targets at 30

What pension could I have at 30? →

A £150k pension at another age

Will I ever have a £150k pension? →

Where these figures come from

The default salary, contribution and existing-pot figures are UK national medians, not a prediction about you — your own pay, employer scheme, other pensions and returns will differ. Change any of them in the live tester above. Growth of 5% a year above inflation is illustrative, and all amounts are in today’s money. This is a planning tool, not financial advice.

Frequently asked questions

Will I have a £150k pension at 31?

Yes. Starting from the £15k an average saver your age already has, and paying in the auto-enrolment minimum of about £220 a month on the median £39k full-time salary for your age, you're on track for roughly £265k by 67 — you'd pass £150k around age 56. About 59% of that is investment growth, not money you save — you don't need a big income, you need time. The figures use national medians (not a promise about you): the ONS median full-time salary for ages 30–39 (£39k), the auto-enrolment minimum of about £220 a month (you + employer, 8% of qualifying earnings), the ONS median pot for someone your age who already saves (£15k), and 5% investment growth a year above inflation to age 67.

Do I need a high salary to get a £150k pension?

No. On the median £39k full-time salary for ages 30–39 (ONS), paying only the legal minimum, you'd build around £265k by 67, past £150k. The reason is compounding: about 59% of the pot is investment growth rather than money you pay in. Starting earlier matters far more than earning more, because your early contributions have the longest to grow.

How much do I need to save each month for a £150k pension?

On these assumptions the auto-enrolment minimum of about £220 a month already gets there by 67. Paying in a little more, or starting sooner, would reach £150k earlier or leave headroom.

Is a £150k pension enough to retire on?

It depends on your spending and other income. A £150k pot plus the State Pension (about £12,548 a year from 67) might support a modest-to-comfortable retirement using the 4% guide. Use the free planner to test how long £150k would actually last at your target spending.

Are these numbers financial advice?

No. This is an illustrative worked example from a free planning tool using fixed assumptions (average pay, 5% real growth, pension access from 55). Your own pensions, employer, returns and career will change the result. Open the planner to run it with your real figures.