Retirement costs estimator
Our Costs Estimator will give you an idea of what your total outgoing costs will be in retirement. You have two options that you can explore:
1) The Quick Guide. This guide just takes into account your current income. Based on this information alone it will give you a quick indication of what your costs might be in retirement.
2) The Rough Guide. This guide takes into account a lot more information such as where you live and your specific costs. It takes a little longer but it will give you a better estimate of what your costs might be in retirement.
And, if you use our Income Estimator you’ll be able to compare your income and costs to see whether you’re in good shape to retire.
If you haven’t already done so, why not use our Income Estimator? This will help you work out how much income you may recieve in retirement and will allow you to compare your income and costs to see whether you’re in good shape to retire.
If you're thinking of withdrawing some or all of your pension as a lump sum income payment, our pension tax calculator could help you understand how much tax you may have to pay.