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Retirement planner tool

Use our retirement planning tool to experiment with the income you could achieve in retirement.


Our retirement planning tool helps you experiment with the income you could achieve in retirement depending on a range of factors including:

  • how much you save and for how many years
  • how you choose to take your money

For more information on the full range of options available to you, please refer to the Money Advice Service's Your pension: it's time to choose guide (PDF: 13,900KB).

As the decisions you make when you access your savings will have a significant impact on your money we recommend you seek financial advice. Your employer may provide access to a financial adviser at retirement so do check if anything is offered. Please note that advisers may charge for their services. You can find one in your local area at

Pension Wise is a free and impartial service backed by the Government who will help you shop around and make sure that the decisions you're making are the right ones for you. You can book an appointment once you are aged 50 or over.

We encourage you to use the retirement planner at least once a year to monitor the progress of your savings. This way, you'll know if you're on track to achieve the lifestyle you're hoping for in your later years or if you'll need to make some financial or personal adjustments to help secure your future.

Not thought about your lifestyle in retirement yet? If you're not sure what income you're aiming for in retirement it will be difficult to know whether you are on track or make changes to get on track for the lifestyle you want.

You don't need to have an income goal or lifestyle in mind to use the planner, so don't worry if you haven't thought about that yet. You can use it to experiment with the income your savings could achieve first.

PLSA income levels individual and couple

The Pensions and Lifetime Savings Association (PLSA) have created the 'retirement living standards' to give you practical guidance and help you work out what your retirement might cost based on three lifestyles: minimum, moderate and comfortable. These lifestyles show you what your living costs might be across key spending areas such as your home, food and drink, transport, holidays and leisure, clothing and personal spending and buying presents for others at birthdays or Christmas.

As the tool opens in a new window, please ensure you have pop-ups enabled in your browser.


The Money Advice Service is part of the Money and Pensions Service.