{
  "id": 4792582,
  "title": "Ask the expert: Can I build a £1m pension by 60?",
  "url": "https://urgent.news/2026/09/01/ask-the-expert-can-i-build-a-1m-pension-by-60",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-01T05:00:00.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/ask-the-expert-can-i-build-a-1m-pension-by-60/"
  },
  "original_language": "en",
  "account": "Marianna Hunt, a Fidelity personal financial specialist, addresses a reader's inquiry about building a £1m pension pot by the age of 60. With a current pension balance of £55,000 and an annual income of £50,000, the reader wants to know the steps to achieve this goal. Hunt explains that consistently contributing approximately 13% of their salary to their pension each year could help them reach the £1m target, assuming an average annual investment return of 6.61%, inflation of 2.5% and an employer contribution of at least 3%. These numbers are estimates and do not account for market fluctuations or major expenses in later life, such as care costs. Hunt emphasizes that the £1m figure's significance depends on the reader's desired retirement lifestyle and stresses the importance of considering personal needs when planning for retirement. She also points out that a £1m pension alone does not guarantee financial security in retirement, as life expectancy has increased and there is a risk of outliving savings.",
  "summary": "Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader wants to know how to achieve a £1m pension pot. Q. I’m 32 and earn £50,000 per year. I only have about £55,000 in my pension currently and want to grow that to £1m by age [...]",
  "key_points": [
    "Consistently contribute ~13% of salary to pension annually.",
    "Assume 6.61% average annual investment return, 2.5% inflation.",
    "Employer contribution of at least 3% crucial for £1m goal."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}