Only 20% of Britons have achieved their travel ambitions and over half have not yet been on their dream holiday, according to research conducted by retirement solutions provider LV=.

44% hope to fulfil this later in life or in retirement.

However, 30% of those aged 18 to 29 years and 47% of those aged 30 to 49 years are currently saving anything towards retirement.

When it comes to their dream home, 33% Brits have had what they consider their ideal home. Of those who have not yet achieved their ideal home 41% hope to do so in the future.

Affordability is the main reason most people are not yet in their ideal homes, but 14% are hopeful that as they reach retirement, their dream home will become a reality. Those already in retirement (aged 60+ years) have shown that dreams can come true, as 50% have achieved their aspirations when it comes to their home.

However, to achieve their aspirations later in life younger generations (those aged 18 to 29 years) need to look hard at their current retirement planning as 30% are saving anything towards retirement and the picture for those aged 30-49 years does not look much better, as 47% are currently saving anything.

In addition, LV=’s third annual State of Retirement Report (issued July 2010) found that 21% of those approaching retirement have decreased their retirement savings by an average of £324 a month, or £3,800 a year.

Ray Chinn, head of pensions at LV=, said: “From a young age