Not sure where to start?

Not sure where to start?

Don't worry. Sometimes the best way to help you discover different elements to consider when retiring, is to take a look at some options.

So if you are yet to retire, read on to see how our calculators could help you better understand your situation. It could help you discover different elements to consider when you are retiring.

Longevity tool

Longevity tool

A good place to start when thinking about how long your money might need to last is to understand how long you might live.

We cannot give you the exact answer, but our longevity tool allows you to get an idea.

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Costs estimator

Costs estimator

You can use our Costs Estimator to give you an indication of what your costs might be in retirement.  This could help you identify areas where you could cut back or even spend more!

And if you’ve also used our Income Estimator, you’ll be able to use our Income and Costs Comparison tool to see how your income and costs stack up.’

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Pension tax calculator

Pension tax calculator

If you are thinking of taking your pension as cash, the pension tax calculator shows you how much income tax you may need to pay.

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Drawdown risk calculator

Drawdown risk calculator

Using drawdown brings with it a risk that you may run out of money during your retirement. This calculator shows you the likelihood of that happening.

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Indicative lifetime mortgage calculator

Indicative lifetime mortgage calculator

Lastly, you may want to consider releasing some of the equity from your home as part of your retirement planning—this tool provides an indication of how much you could release.

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