Retirement budget planning

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.