'Retirement' is defined as a watershed point in our lives when we choose to leave the workforce. 'When can I retire?' is a question we've probably all asked ourselves at some point in time.

However, this should really be split into two questions – what age can I retire? and how much do I need to retire?

What age can I retire?

There's no hard and fast rules governing when we can or can't do this. However, most retirements are funded by a pension - and the current rules often allow you to draw on your pension savings from age 55. The government intend to raise this age to 57 on 6 April 2028.

How much do I need to retire?

When you’re able to retire will typically depend on whether you have enough funds in place to live on. The earlier you start planning, the more time you'll have to help grow and build your retirement savings.

You can use our retirement costs estimator to help you understand your income sources and expenditure throughout retirement, thereby identifying any shortfall in your income requirements.

There are several ways to fund your retirement, but for many it will include the State Pension, and your own private pension provision.

We offer a couple of services that can support in the lead up to, and at the point of retirement.