Pension sites often quote "Use our pension calculator to estimate the amount of pension income you could get when you retire. This will help you decide how much you need to save to get the retirement income you want."
The only trouble is I can't seem to decide how much I want or need.
Presuming that I've paid off my mortgage, I would need enough for my wife & me for food, heating, utilities and some spending money.
Does anyone have a good general rule for what my pension pot should be please?
I live in the UK.