How to get a pension of £20,000 by the time you retire

According to the BBC saving early on is the key when it comes to retirement income.  But how big a pension will we need, and how much should we be putting away to pay for it?  On the first question, one clue came from the Office for National Statistics (ONS) which said the average retired household now spends £21,770 a year. So, to earn a pension of at least £20,000, how much should you be saving each month?


To get an answer, the BBC asked a firm of actuaries to make some calculations.  Read their findings here 

 

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