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.

Experts suggest you aim for 2/3 of your current income once you retire.

To enjoy the lifestyle you've chosen, we estimate you'll need (after tax each year) around:

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