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

Will I have a £200k pension at 40?

Yes — time is on your sideOn track for £251k by 67

Yes. Starting from the £40k an average saver your age already has, and paying in the auto-enrolment minimum of about £240 a month on the median £42k full-time salary for your age, you're on track for roughly £251k by 67 — you'd pass £200k around age 62. About 53% 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 £200k — you grow it

Of the £251k pot built by 67, about £117,860 is money you put in and roughly £133,366 is investment growth — 53p in every £1 comes from compounding, not a bigger salary.

Target £200k£251kAge 40Age 67
Money you put in Investment growth £200k 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
40
27 years to age 67
Median salary
£42,154
ONS median full-time pay, ages 40–49
Paid in / month
£240
Auto-enrolment minimum (you + employer)
Already saved
£40,100
ONS median pot for savers this age
Growth
5% a year
Above inflation
Target
£200k
Pension pot by 67

How the pot builds up

  • Age 40
    Not yet
    Paid in
    £40k
    Pot value
    £40k
  • Age 45
    Not yet
    Paid in
    £55k
    Pot value
    £64k
  • Age 50
    Not yet
    Paid in
    £69k
    Pot value
    £94k
  • Age 55
    Not yet
    Paid in
    £83k
    Pot value
    £130k
  • Age 60
    Not yet
    Paid in
    £98k
    Pot value
    £174k
  • Age 62
    Not yet
    Paid in
    £103k
    Pot value
    £194k
  • Age 65
    Past £200k
    Paid in
    £112k
    Pot value
    £227k
  • Age 67
    Past £200k
    Paid in
    £118k
    Pot value
    £251k

On these average figures you’d pass £200k around age 62 — and it keeps compounding after that.

What a bit more each month does

+£50/mo
£279k
by 67 (£290/mo total)
Reaches £200k
+£100/mo
£308k
by 67 (£340/mo total)
Reaches £200k
+£200/mo
£364k
by 67 (£440/mo total)
Reaches £200k

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 £200k at ~59

You'd reach £200k around age 59 and have about £307k by 67. Around 62% of that is investment growth.

Pot at 67
£307k
Hits target
Age 59
You put in
£118k
Growth adds
£189k

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 40

What pension could I have at 40? →

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 £200k pension at 40?

Yes. Starting from the £40k an average saver your age already has, and paying in the auto-enrolment minimum of about £240 a month on the median £42k full-time salary for your age, you're on track for roughly £251k by 67 — you'd pass £200k around age 62. About 53% 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 40–49 (£42k), the auto-enrolment minimum of about £240 a month (you + employer, 8% of qualifying earnings), the ONS median pot for someone your age who already saves (£40k), and 5% investment growth a year above inflation to age 67.

Do I need a high salary to get a £200k pension?

No. On the median £42k full-time salary for ages 40–49 (ONS), paying only the legal minimum, you'd build around £251k by 67, past £200k. The reason is compounding: about 53% 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 £200k pension?

On these assumptions the auto-enrolment minimum of about £240 a month already gets there by 67. Paying in a little more, or starting sooner, would reach £200k earlier or leave headroom.

Is a £200k pension enough to retire on?

It depends on your spending and other income. A £200k 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 £200k 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.