Review my pensions

Retirement Age Calculator

Uncover the value of your pension wealth

When can I afford to retire?

Use our FREE online retirement age calculator to determine when you will be able to meet your retirement goals.

Enter your current retirement savings and the regular amount you’re saving into pensions. Have an idea of your retirement fund target and find out what age you can retire!

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Planning to a target retirement age

Are the results worrying?

If you need to increase your retirement savings, head to our Retirement Savings Calculator. Our retirement savings calculator helps you to work out how much you should be saving each month to meet your goals. If you don’t live in the UK, you will probably have non-UK pensions and other savings to consider.

UK residents can benefit from tax relief on pension savings. If you’re resident in the UK or planning on returning to the UK for retirement, consider making more UK pension contributions. Those with a UK-resident spouse can also plan family UK pension contributions. Even UK residents without taxable earnings can contribute to pensions and gain tax relief.

Changing retirement needs

When planning your retirement income needs, think about how your needs may change over time. Your target retirement age may not be achievable if you need a high income for the rest of your life. However, for most, the earlier years are the most important. Plan your retirement into age-sections.

For example, you may consider retiring at age 60, but expect to have a much more modest lifestyle by age 75. That means you should plan a higher income for 15 years of retirement, but then have lesser needs for your elder years. Plan carefully, and ensure you account for the effect of inflation.

Think about your additional retirement income sources

In retirement, income can be generated from your wealth portfolio. The art of a good retirement plan is generating a stream of income as tax efficiently as possible.

A retirement adviser won’t just focus upon UK pensions. They will also discuss other key areas of wealth to use in retirement, including:

Your UK State Pension entitlement, check your State Pension here.
Rental income
Your UK defined benefit or final salary pensions
Your long-term cash reserves
Potential inheritance or gift
Onshore and offshore investment bonds
Long-term UK and international savings plans
Independent Savings Accounts (ISAs)
Any other wealth earmarked for retirement such as endowments or other savings

Speak to a Professional

We introduce clients to regulated, professional and qualified advisers across the UK and internationally.

Our panel of adviser firms must undertake a comprehensive due diligence process. We only refer to firms with locally-appropriate regulation and insurance.

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About This Site

Whilst every care has been taken in the preparation of our website and publications, they are intended as a guide only. Readers are advised to seek professional regulated financial and tax advice before making any changes to their planning or investments. Our publications, including website and guides do not offer investment or pension advice and nothing in them should be construed as investment or financial advice. Our publications, including guides and website are not, and should not be seen as, a recommendation to use any particular investment or planning strategy.

You must carry out your own research before making any investment decision or change to your planning. The information published has been obtained from sources that we believe to be accurate. Although reasonable care has been taken, we cannot guarantee the accuracy or completeness of any information published. Articles and opinions published may be wrong and may change at any time. You must always carry out your own independent research and verify information and data you collect before making any financial decisions or planning changes.

Financial and pension planning is complex, and must be tailored to the individual client’s needs, objectives and circumstances. Teach Learn Resources Ltd do are not regulated by the Financial Conduct Authority and do not offer financial or tax advice. Our only business is to act as a professional introducer to regulated IFA firms worldwide. Contact us for more details about our panel of approved adviser firms and the regulation held in your jurisdiction.

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