Retirement can last a long time, so you’ll need to consider this when working out a budget. Creating a budget can help to estimate how much income you might need in your retirement.
Remember – when you retire costs such as commuting may reduce, but personal travel may increase. Similarly, outgoings such as utility bills are likely to increase when you retire, but mortgages or loans may disappear or have disappeared already.
If you would like to save the data inputted, please login/register before completing the activity and select the ‘save’ button.
The results of this tool should not be relied upon.
Once saved, we will endeavour to store your data for 12 months after the last date you logged in. However, this storage facility should not be relied upon solely. We recommend that this is not the only place you store important information.
By completing each of the 5 tools fully, you will be able to view a summary of all your figures. You will need to log in to do this.