HOW LONG WILL MY PENSION NEED TO LAST
Knowing how long your pension will need to last is like asking ‘how long is a piece of string?’. None of us know how long we’re going to live, which makes this a bit tricky. But, we can take a best guess and use average life expectancy to inform our retirement decisions.
Being more informed about how much longer you potentially have to live is no bad thing, especially when it comes to financial planning. People are living longer. On average, people aged 55 today will live to their mid-to-late 80s. Around 1 in 10 men and 1 in 5 women this age will live to 100 – and receive their telegram from The Queen
Enter your details below in our calculator and find out your life expectancy, your chance of living to 100… and how long you’ll likely need to make your pension pot last.
What does this mean for me?
Why not speak to one of our Retirement specialists about planning your retirement and creating a pension pot that’s large enough to last you through retirement. They can help you work out how much you’ll need to retire and help you put a plan together to help you reach your goals.