Do you worry that you will never be able to retire?

Some 14.8 per cent of people aged under 45 have this concern, according to Moneyfacts.co.uk.

Among those aged 45 to 64, 2.6 per cent think they may never be in a position to retire.

Just over a quarter of those under 45 think they may not be able to retire until after the age of 70.

Rachel Springall, a finance expert at Moneyfacts.co.uk, said: “Many younger consumers seem to be realising they can expect a later retirement, or in some cases, worry that they will never truly retire.”

“According to our survey, consumers hope to retire with a pension pot that can give them 63 per cent of their current level of income.

“However, they realistically expect to only receive 52 per cent of this. Either way, it will require diligent saving throughout their working lives.”