Financial Services > Pensions > Pension Planning > Retirement Income

Retirement Income

The financial resources that you may need should be planned appropriately as the duration of the retirement phase, of your life could last for as long as two to three decades.

On average you can expect this many years of retirement:

If you retire at this age
Women Men
50 31 27
55 27 23
60 23 19
65 18 15
70 15 12
75 11 6
80 9 7
85 6 5

A major problem in pension planning is that the economy is likely to be very different, but to begin with, the income that you may need should be based on today's prices.

There will be a significant difference between your present income needs and your income needs when you retire, as you will not have mortgage or work related expenses, but may have health related expenses.

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Pensions.co.uk is part of a large network of financial sites created to help advise you on life events, such as buying a house, Mortgages.co.uk; insuring your car - CarInsurances.co.uk; your life - LifeInsurance.co.uk; and your home - HomeInsurance.co.uk.

1998 - 2007 UK Pensions - Planning before, at the onset and during retirement.

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