Most people underestimate the amount of time they’ll spend in retirement. Our longevity calculator gives an indication of the chances of living to certain ages and so will help you understand just how long you may need to plan for.

You should also be thinking about what you want to do in retirement and how much income you might need to cover those things. Pottering around the garden will obviously be cheaper than travelling the world!

Planning for life after work involves balancing your dreams and desires with the income you’ll have and how long you’re likely to live for.