Retirement planning can feel overwhelming, but it comes down to one core question: how much money will you need, and are you on track to have it?
The 25× Rule
A commonly cited guideline is to save 25 times your expected annual spending in retirement. If you plan to spend £30,000 per year, you need £750,000 saved.
Starting at Different Ages
- In your 20s: even small contributions grow dramatically due to compound interest. Aim to save 10–15% of income.
- In your 30s: increase contributions if you started late. Take full advantage of employer pension matching.
- In your 40s–50s: focus on maximising tax-advantaged contributions and reducing high-interest debt.
Use our Retirement Calculator to model different scenarios and see the impact of starting earlier.
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