, a partner at the pension consultants LCP, says: Using the Pensions and Lifetime Savings Association (PLSA) standard for a “comfortable” and moderate income seems a reasonable place to start.

For someone aged 35 today, the state pension age by law will be 68 (and could be higher by the time they get there) so the reference to 67 in the reply is incorrect.

The PLSA says you need £43,000 a year after tax, so that implies a pre-tax income of very roughly £50,000; you get £12,000 a year of this from state pension age, but for the first eight years of retirement (before the state pension kicks in) you would need this to come from your pension pot. This means you will need £635,000 on current calculations.