Skip to main content

How long your savings will need to last

How long do you think you’ll spend in retirement? People tend to underestimate the length of their retirement, but research carried out by the ONS in 2018 shows us that people are living longer now than ever before:



  • A man aged 65 years in the UK can now expect to live, on average, to 85 and a woman of the same age to 87
  • A boy born today could expect to live to 88, whilst a girl could expect to live to 90

This means that your savings may need to last longer than you think and this may influence the choices you now make. Use the Office for National Statistics tool to see what this might mean for you.

How much will you need in retirement?

It’s a good idea to think about what you’ll need to spend in retirement and it helps to create a goal to work towards. It’s not just about adding up your day-to-day expenses, you’ll need to give some thought to how you’ll spend your time in retirement and what that could cost.

Longevity calculator

Use the Office for National Statistics tool to see how long your pension savings might need to last.

How much will you need?

Use our helpful tool to get a clearer picture of how much income you might need once you’ve retired.

Your state pension

Find out more about the state pension, where you can go for more information and how much you might get when you reach your state pension age.