A couple of holidays abroad every year, day trips out with the grandchildren, a new Ford Fiesta, National Trust membership and doing the weekly shop at Tesco.
It’s hardly an extravagant retirement.
Yet with rising costs over the past two years, such a lifestyle is now becoming a luxury that has slipped out of reach for tens of thousands of Britons heading into their golden years.
Just one in five will be able to afford this ‘moderate’ standard of living,