If you’re not quite on track yet – don’t worry. There are changes that you can make to help you build up more pension.

Consider your target retirement age in your plans

The figures that we provide in your pension statement use your target retirement age (the age that you’ve told us you want to retire) to estimate how much pension you’ll build up by the time you want to retire.

If you haven’t chosen a target retirement age, we’ve used your normal pension age – which is the same as the state pension age for most people.

If there’s a difference between the income you’d like to have in retirement and what you are currently estimated to have, you could consider changing your target retirement age.

You can see what impact this might have by using the modeller.

Read about your other options (such as making AVCs, or contributing more to your pension) in section 3 of your statement.

You can also use the modeller to explore:

• how much more income you could have in retirement if you increase your contributions, and
• the effect of changing your target retirement age.

Read more about your your options in retirement.

Want to try a different retirement calculator?

Try MoneyHelper's Pension calculator

Try Fidelity’s retirement calculator

More detail about the Retirement Living Standards

You can read more about what is and isn’t included in the Retirement Living Standards' 'basket of goods' along with more information on how the PLSA carried out their research on their Retirement Living Standards website.