Retirement planning

The longer we live, the more life there is to enjoy. But this means we need to plan for retirement. When you work with a Wren Sterling financial planner, you can transition to life after work without compromise.

When to start?

Retirees are also more ambitious than ever before. Travel plans and spending quality time with children and grandchildren are the most common retirement goals, so the way you preserve and draw income to finance these activities can be a delicate balance.

There are no set rules for a fulfilling retirement, but the earlier you start planning, the more likely you are to achieve your goals. This begins with a frank conversation about your saving habits and what you want your retirement to look like.

Our retirement planning service will provide a realistic review of your situation. Using cash flow planning tools, we can show you where your current projection can take you in retirement.

Download our guide on saving for retirement
How can we help?

There are no set rules for a fulfilling retirement, but generally speaking, the earlier you start retirement planning, the more likely you are to achieve your retirement goals. This starts with having frank conversations about what you want your retirement to look like, and your saving habits.

Get an indication of your retirement income

Try our retirement calculator below to get an idea of what your income could be, based on your situation and saving habits.

You’re on track to have at retirement.

If you take per year, this will last until age .

Current Age: 
Retirement Age: 
Your current age and your planned retirement age
Desired Annual Retirement Income
How much income you would like to retire with
Current Combined Pension Pot
The current value of all your pension pots
Personal monthly contribution
How much you currently contribute monthly
Employer monthly contribution
How much your employer currently contributes monthly to your pension
Personal one-off contribution
A lump sum contribution

This calculation assumes a mid-level growth rate of 5% per year, inflation of 2% per year and pension fees of 0.70%. The aim of this pension calculator is to give you an idea of the level of income your current pension benefits could provide you with and/or how much you might need to save into a pension to get the income you’re aiming for in retirement. It’s not personal advice or suitable for calculating the potential income from a defined benefit scheme, e.g. a final salary scheme. If you’re not sure what’s best for your situation, you should seek personal advice.

Speak to us about planning your retirement

The value of your pension savings and retirement income will depend on investment performance, contributions made into your pension, charges, inflation, your retirement age and annuity rates at the time and the options you choose. The calculator doesn’t take into account tax charges such as income tax deducted from pensions in payment. Tax rules can change and are dependent on individual circumstances.
Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means tested benefits. Accessing pension benefits is not suitable for everyone. You should seek advice to understand your options at retirement.