Skip to main content Accessibility Statement

Retirement budget planning

Watch this short video of financial journalist Paul Lewis explaining budgeting in retirement. Download the video transcript

If you want to know how much money you’ll have when you retire, creating a budget is a really good way to start.

  • Understand why budgeting in retirement is useful
  • Learn how to budget in retirement
  • Create a budget plan online or on paper
Start a budget online

or download the budgeting worksheet

Why create a budget?

A budget shows you how much money you have coming in and what you spend it on. It makes it easier to create your own spending plan which will put you in control of your money in retirement.

Budgeting for retirement

Once you’ve filled in a budget and you know how much you’ll have to live on, you’ll be able to make smart choices about the retirement lifestyle you want.

You may find trade-offs you are willing to make that enable you to retire earlier or spend more on your hobbies or travel.

Create a budget online

Get started now with our easy to use online budget planner that will guide you through the budgeting process.

Start a budget online

Create a budget on paper

Budgeting on paper is just as good as online. Download our paper-based budget planner to get started now.

Download the budgeting worksheet
Got a pension question? Ask the pension specialists. No jargon. Just friendly guidance. For free. (Opens in a new window)

Web chat

Sorry, web chat is only available on internet browsers with JavaScript.

Web chat is available from 8am to 8pm.

Open:

  • Currently unavailable until 22 August 2018
  • Undergoing service improvements
  • We thank you for your patience
Offline

Call Us

Give us a call for free and impartial money advice.

0800 138 7777 *

Open:

  • Monday to Friday, 8am to 6pm
  • Saturday closed
  • Sunday and Bank Holidays, closed