How much do you need to retire?
Here at Standard Life, we know you want retirement to be a Second Life. You want the freedom to do all those things you always wanted to do but never had time for. That means financial freedom too. So if you're asking yourself: "How much pension income do I need to live comfortably?" or 'What's a good retirement income?" this handy calculator will help.
The income you need for the Second Life you want
Use our calculator to work out your ideal retirement income.
Think about the things you'll want to enjoy when you've said goodbye to the nine-to-five. Then just tick the items on this list that match those ideas. The calculator automatically estimates how much income you're likely to need.
Our estimates for living expenses (holidays, evenings out, house and car maintenance) have been based on internet searches in 2024.
To enjoy the lifestyle you've chosen, we estimate you'll need (after tax each year) around:
Looking for more information?
-
Our Second Life guide
Helping you plan ahead so you can enjoy your retirement your way.
-
Your income in retirement
Understanding your income options and how you might be taxed.
-
Choosing the right pension
There are lots of pension types to choose from, so it's worth taking time to understand which one is right for you.