What you really need to save if you want to be able to afford to retire

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The drive to encourage workplace pension saving has put many people in charge of their future retirement income.

But how much should you be saving if you want to keep up the kind of lifestyle you’re enjoying now?

While everyone’s needs are different, consumer group Which? has undertaken research that sheds some light on the issue.

A survey of more than 1,500 retired couples found, on average, retired couples said they needed £18,000 a year to cover household essentials – such as food, utilities, transport and housing costs.

But for a slightly more comfortable lifestyle which…

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