It all depends on how quickly you’ll spend it! According to the Pensions and Lifetime Savings Association, someone who hopes to have a “comfortable lifestyle” in retirement, where they could be spontaneous with their money and enjoy two overseas holidays a year, would need something in the region of £1.1m in their pension pot (which would equate to around £33,000 per year over a typical retirement). So, £1m could theoretically last for the whole of your retirement, provided you don’t spend more than around £30,000 a year.