I should have a pension pot of Â£1 million at age 58, plus have no mortgage left to pay so another Â£400,000 of net worth.
Hmmm ok that's net worth of almost $2 million, my basic pension calculator doesn't go below 55 so I'm not sure on $1 million, probably about 53 including the house.
This assumes I receive a modest return of 7% after charges in my pension fund (which I should as for the next 15 years I aim to keep it in a fairly adventurous portfolio)
I aim to retire between 63 and 67, depending on how all this works out - at 67 I'll get a small state pension too you see.
I'm 34 now.
Bare in mind that in 30 years $1 million will be worth about $430k assuming inflation runs at 2.5%, so provide only about $20k in income, in today's terms.
Therefore in 30 years most average income people will need to be a "millionaire" or more in a pension pot.