Here is the amount that must be saved as of right now to ensure a comfortable retirement at age 68.

We all consider and fantasise about having a pleasant retirement and everything that goes with it.

However, how we will get there and if we are saving enough money to accomplish our objectives is not often our top priority.

A "comfortable" retirement would require at least £37,300 per year (£54,500 for couples), according to the most recent projections from the trade group Pensions and Lifetime Savings Association (PLSA). This amount would pay for three weeks in Europe each year, theatre outings, and routine beauty treatments.

The annual minimum required for survival would be £12,800, or £19,900 for a pair.

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The retiree would require a pot of £557,800 in today's money in addition to a full state pension in order to reach this goal, according to Steven Cameron of Aegon.

Starting at age 22, those who save would need to make pension payments of £490 per month, rising annually in accordance with earnings.

Mr Cameron stated: "This may seem out of reach, but for employees, your employer is required to make a contribution to your workplace pension, and some are prepared to match the employee pound for pound."

The expense for the person would drop to £245 per month as a result.

A basic-rate taxpayer would need to set aside £196 from take-home pay, whereas a high-rate taxpayer would need to save £147 due to the government's significant tax benefit on contributions to pensions.

At first, the entire state pension, which is presently worth £10,600, will increase in line with inflation as well as wages and pension savings, which will rise by 3% annually.

Telegraph Money asked the company to determine, in five-year stages, how much a worker would need to have saved by each age to be "on target" if their payments were to be made at the projected rate of £490 per month.

Aegon also predicted that the saver's money would increase by 4.25% annually after costs. A 2% annual rate of inflation over the long term was also envisaged.

It needs to be noted that people who started saving later or who haven't been saving enough, might need to make up the difference by raising their contributions.

"You've got some catching up to do if you're already over the age of 22 and haven't been making any pension provision, and the older you are, the bigger the catch-up challenge," added Mr Cameron.

"It's crucial to keep in mind that these are the fund values you'd need at each age in addition to a consistent commitment of £490 per month that would rise with wages to be on track for the £37,300-per-year annuity.

All of the calculations are based on annuity rates that are currently substantially greater than they have been in prior years. To guarantee a £37,300 income, you would require a larger portfolio if annuity rates dropped from their present levels.

But most people who have used their pension since the "pension freedom" laws went into effect in 2015 do not purchase an annuity. Instead, they regularly or sporadically withdraw money from "pension drawdown" accounts while investing the remaining sum in the stock market.

According to wealth management Quilter, a 66-year-old drawing down on their pension would require a pool of £450,000, which would be drained by the time they were 88. Additionally, this implies that you are getting the entire state pension.

(Sources: telegraph.co.uk, plsa.co.uk)