Retirement Planning Tool

Do you know what type of retirement lifestyle you want and how much money you'll need to live on in retirement?

  • By considering the type of retirement lifestyle you want, you’ll start to understand how much money you’ll need to live on in retirement.

    Do you want regular holidays abroad, a new car and plenty of hobbies? Or are you happy with less holidays and spending less too? Understanding the type of lifestyle you want will help you consider how much you might need to live on at retirement and how long you need to save for. Consider your social life, family commitments, future health care and where you might save money too.

    If you aren’t sure, browse through the provided resources shown on the right to help you better understand how much you might need. You don’t have to fully understand this right now and can go through to the next question to continue your planning.

  • By considering the type of retirement lifestyle you want, you’ll start to understand how much money you’ll need to live on in retirement.

    Do you want regular holidays abroad, a new car and plenty of hobbies? Or are you happy with less holidays and spending less too? Understanding the type of lifestyle you want will help you consider how much you might need to live on at retirement and how long you need to save for. Consider your social life, family commitments, future health care and where you might save money too.

    If you aren’t sure, browse through the provided resources shown on the right to help you better understand how much you might need. You don’t have to fully understand this right now and can go through to the next question to continue your planning.

Useful Resources:

Retirement lifestyles will be different for everyone – you may want to continue to work part-time, take up voluntary work or you may decide it’s time to simply relax or travel. So how much savings you’ll need will depend on the type of lifestyle you want. Regular holidays abroad and plenty of hobbies may mean you need a little more. But if you’re happy with less holidays and spending less too then you may not need as much.