Retirement Planner
- Make informed decisions about when and how to retire
- Picture the lifestyle you'll be able to achieve
Helping you see when you might afford to retire
As a customer of Destination Retirement you'll be given access to our personalised Retirement Planner.
Tell us about your savings
Gather details of your pensions, savings and assets (such as property). You can also include your partner's information too.
Set your retirement goals
What lifestyle would you like in retirement and what will it cost? Include essentials, holidays, hobbies and treats.
Explore different scenarios
There's more than one way to retire. Try out different options and immediately see the impact they have on meeting your goals.
See an example retirement plan
Avoid some common retirement mistakes
Don't pay too much tax. Most people pay income tax in retirement. Be careful not to inadvertently fall into a higher tax bracket.
Don't run out of money. You need to have basic living expenses covered. This includes your mortgage if you still have one, household bills and food, and any other debt repayments.
Don’t underspend. You don't want to look back on your younger retirement years wistfully. Have a budget in mind and enjoy life.
Don't forget to plan together. If you live with a partner or spouse, you can plan together. You both get tax allowances, so making the most of these is very important.
Retirement income advice can help you avoid these common mistakes.
I wish I had something like this 20 years ago, it is really fabulous and a fantastic tool. Whether or not your costs or wish list is doable, DR just gives you that answer with a click of a button. You can play around with different variations. I didn’t realise the forecasting ability it would have.
Katherine, age 61, March 2023.
Need help to get started?
Start using the Planner
To use the Retirement Planner, you need to be referred to us by a financial adviser or a referral partner. If you're unsure, talk to one of our specialists.
Need help?
Wherever you are on your retirement journey, you can talk things through with a specialist. We're based in the UK and available on the phone or an online meeting.