Retirement Budget Calculator — Estimate Your Retirement Expenses and Income

Retirement Budget Calculator

Calculate your retirement budget based on current savings, expected expenses, and retirement income sources. Plan your financial future with our comprehensive retirement calculator.

Step 1: Personal & Financial Details

85 years

Understanding Retirement Planning

Retirement planning involves estimating your future expenses and income sources to ensure you have enough savings to maintain your desired lifestyle throughout retirement.

Step 2: Income, Expenses & Assumptions

3.0%
5.0%

About Retirement Calculations

Retirement calculations account for inflation, investment returns, and changing expenses over time. It’s important to plan conservatively to ensure your savings last throughout retirement.

Retirement Budget Results

Summary
Scenario Comparison
Savings Analysis

Estimated Required Savings at Retirement

£450,000
Retirement Duration: 18 years
Years Until Retirement
22 years
Monthly Shortfall/Surplus
-£1,000
Annual Savings Needed
£13,636
Retirement Readiness
65%

Retirement Scenario Comparison

Retirement Age Required Savings Monthly Savings Needed Retirement Duration Readiness Score

Retirement Savings Projection

Retirement Planning Formula

Required Savings = Annual Shortfall × Retirement Duration × Inflation Factor

Retirement planning involves calculating the present value of future expenses, accounting for inflation and investment returns. The goal is to ensure your savings last throughout your retirement years while maintaining your desired lifestyle.

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