Product

Retirement Planner

Model retirement affordability with pensions, savings, State Pension, other income and future lump sums received. Save and compare scenarios to see how retirement age, spending, withdrawals, tax, future receipts and assumptions may affect how long your plan could last.

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Model retirement affordability with clearer long-term projections

Planiva's Retirement Planner helps you build a structured retirement scenario by projecting income, spending, pensions, savings, future lump sums and estimated tax over time. It is designed for planning and saved scenario comparison, so you can explore questions such as when you might retire, how much you may be able to spend, how long your money may last, and how future receipts or changed assumptions could affect the plan.

How it works

Enter your current position

Add the core details that shape your retirement plan, such as ages, retirement timing, pension pots, State Pension, other income, savings, future lump sums received and spending assumptions.

Set planning assumptions

Adjust assumptions such as investment growth, inflation, spending changes, or withdrawal approach to reflect how you want to model retirement.

Compare scenarios

Review saved scenario comparisons so you can see how changing retirement age, spending, income, or assumptions affects the projection.

Review the projected outcome

Review balances, available spending, income sources, withdrawals, estimated tax, review checks and calculation explanations over time.

What this planner helps you do

Use the planner to turn a rough retirement idea into a clearer view of affordability, timing, and long-term sustainability before moving ahead or taking advice.

Test retirement affordability

Build a structured projection to see whether your expected assets and income may support the retirement lifestyle you have in mind.

Explore retirement timing

Compare different retirement ages to see how working longer or retiring earlier may affect the plan.

Understand income and withdrawals

See how pensions, savings, State Pension, other income, and withdrawals may work together across retirement.

Include future lump sums received

Add expected one-off future receipts, such as property sale proceeds, inheritance or a DB pension lump sum, without treating them as current savings or recurring income.

Compare spending paths and assumptions

Test how spending levels, later-life spending changes, inflation, investment return and other assumptions may alter the projected outcome.

Export the planning view

Use Excel and PDF outputs to review the plan, share it with someone else, or keep a record of the assumptions and comparison.

Core features

The planner is designed to support practical retirement planning in a clearer and more structured way than rough manual estimates or a simple pension calculator.

Long-term retirement projections

Project balances, income, spending, and tax forward through retirement to build a clearer planning view.

One-person and couple planning

Model retirement for one person or for two people, including different ages and retirement timings where relevant.

Multiple income and asset inputs

Include pension pots, State Pension assumptions, other income, ISA savings and investments, taxable savings and investments, and pre-retirement earnings as part of the plan.

Future lump sums received

Model expected one-off future receipts, including property sale proceeds, inheritance, DB pension lump sums or other future lump sums. These are added once at the selected age and assumed to be net of tax, fees, debt repayment and transaction costs.

Withdrawal-aware planning

Explore how withdrawals from pensions and savings affect the projected outcome over time.

Tax-aware results

Review estimated tax effects within the projection so retirement income can be assessed more realistically.

Review checks

See non-blocking checks that help you review assumptions, possible double-counting and simplified treatments before relying on a projection.

Calculation explanation

Review a plain-English explanation of how the projection has been built, including starting resources, income, spending, withdrawals, tax treatment and future lump sums where relevant.

Scenario comparison

Compare saved retirement scenarios within the planner rather than relying on one static projection.

PDF and Excel reports

Export clearer reports covering the scenario summary, assumptions, review checks, calculation explanation, projections and comparison outputs.

Scenarios you can model

The planner is suited to common retirement-planning situations where you want a clearer projection before relying on rough estimates or proceeding further.

Can I afford to retire at a chosen age?

Test whether your expected pensions, savings, and income sources may support retirement from a given age.

What if I retire earlier or later?

Compare different retirement timings to see how they may affect balances, available spending, and long-term sustainability.

Different spending assumptions

Explore how higher or lower spending, including later-life spending reductions, may affect the plan.

One person versus couple planning

Model retirement for one person or a couple, including different ages, incomes, and asset positions.

Different income and withdrawal mixes

Compare how pension withdrawals, savings withdrawals, State Pension, other income, future lump sums and annuity conversion may combine across retirement.

What if I receive a future lump sum?

Model the effect of a property sale, inheritance, DB pension lump sum or other one-off future receipt at a selected age.

Compare planning assumptions

See how the projection changes when investment return, inflation, tax, or life expectancy assumptions are adjusted across saved scenarios.

Compare saved retirement scenarios

Compare an active retirement scenario against the baseline plan to see how spending, resilience, balances, and tax outcomes change.

Outputs and insights

The planner is designed to return practical retirement-planning outputs that help you assess and compare options more clearly.

Projected retirement balances

See how pension and savings balances may change over time under the assumptions entered, including points where balances start to fall faster.

Available spending view

Review projected spending capacity across retirement to understand how affordability may evolve before and after different income sources begin.

Income source view

See how State Pension, other income, and withdrawals may contribute to retirement income over time.

Estimated tax view

Review indicative tax effects within the projection so retirement income can be viewed more realistically.

Balance depletion view

See whether the projection suggests balances are preserved, reduce materially, or run out under the scenario tested, so resilience is easier to judge.

Scenario comparison view

Compare saved retirement scenarios with plain-English summaries showing what changed, why it matters, how tax and balances differ, and where future lump sums affect the plan.

Review checks and explanations

See calm review prompts and a plain-English explanation of how the projection was calculated, so the assumptions behind the result are easier to understand.

Exportable planning reports

Use Excel and PDF outputs to review retirement projections, assumptions, review checks, calculation explanations and scenario comparisons outside the planner.

Who it is for

This planner is best suited to people who want a clearer retirement-planning view before making major decisions.

People asking when they may be able to retire

Useful if you want a clearer projection of when retirement may become affordable under different assumptions.

People testing how long their money may last

Helpful if you want to explore how spending, withdrawals, and investment assumptions affect long-term sustainability.

Couples coordinating retirement timing

Useful where two people want to model different ages, income sources, and retirement timings in one plan.

People planning around future receipts

Useful if your retirement plan may depend on a property sale, inheritance, pension lump sum or another one-off future receipt.

Users who want planning support before advice

Best for exploring likely retirement outcomes before taking financial advice, not for replacing regulated advice.

Notes and limitations

This planner is designed to support planning and comparison. It does not replace professional financial advice, and outputs depend on the facts and assumptions entered.

Shared trust notes

This planner supports scenario modelling and comparison. It is intended to help you think through decisions, not to replace regulated financial, tax, legal, or investment advice.
Outputs depend on the details, assumptions, and tax rules used at the time of modelling. Real-world outcomes can differ if those assumptions change or if relevant information is incomplete.

Planner-specific notes

Projections may change materially if balances, income details, retirement timing, spending assumptions, or life expectancy assumptions are incomplete or incorrect.
Future lump sums are entered as assumed-net amounts. Planiva does not calculate CGT, inheritance tax, pension lump-sum tax, property transaction costs, debt repayment or other costs connected with those receipts.
Future lump sums received are modelled as one-off inflows. The Retirement Planner does not currently model future one-off expenses or outflows.
The planner is intended for planning scenarios and may not reflect every market outcome, legislative change, or personal circumstance that could affect retirement in practice.
Outputs are indicative projections to support decision-making and should not be treated as guaranteed outcomes or personalised financial advice.
Tax treatment, investment performance, inflation, and longevity can all affect real-world outcomes, so professional advice may still be appropriate before action is taken.

Frequently asked questions

What does the Retirement Planner help me do?

It helps you model retirement affordability, compare scenarios, and see how income, spending, withdrawals, tax, future lump sums and assumptions may affect your plan over time.

Can this help me work out when I might be able to retire?

Yes. The planner is designed to help you compare different retirement ages and see how the projected outcome changes under each scenario.

Can I compare different retirement scenarios?

Yes. You can save different retirement scenarios within the planner and compare them to see how spending, balances, tax, future lump sums and resilience change.

Can I use it to see how long my money may last?

Yes. The projection is intended to show how balances may evolve over time based on the details and assumptions entered.

Does it support planning for one person or a couple?

Yes. The planner is intended to support both one-person and couple retirement planning scenarios.

Can I add future lump sums such as inheritance or property sale proceeds?

Yes. The Retirement Planner supports future lump sums received, such as property sale proceeds, inheritance, DB pension lump sums or other one-off future receipts. They are added once at the selected age and are assumed to be the amount available after any tax, fees, debt repayment or transaction costs.

Does Planiva calculate tax or costs on future lump sums?

No. Future lump sums are entered as assumed-net amounts. Planiva does not calculate CGT, inheritance tax, property transaction costs, pension lump-sum tax or debt repayment for those receipts.

Does it include tax in the projection?

It is designed to include estimated tax effects within the retirement projection so outcomes can be viewed more realistically.

Does the planner explain how the result was calculated?

Yes. Retirement Planner results and reports include a calculation explanation covering the main inputs, assumptions and treatments used in the projection.

Does the planner check my assumptions?

It includes non-blocking review checks that highlight assumptions or outputs that may deserve another look, such as possible double-counting or simplified asset treatment. These checks are not financial advice.

Is this financial advice?

No. It is a planning and scenario-comparison tool, not regulated financial advice.

Does it guarantee that my retirement plan will work?

No. It provides indicative projections based on the assumptions entered. Real outcomes can differ because markets, tax rules, inflation, and personal circumstances can change.

Can I export my retirement plan?

Yes. Planiva provides Excel and PDF outputs so projections, assumptions, review checks, calculation explanations and scenario comparisons can be reviewed outside the planner.

Related tools

Retirement planning often sits alongside broader cash flow, tax, and estate decisions, especially when you are deciding what income to draw and when.

Access the Retirement Planner with free early access

Start with free early access to model retirement timing, compare scenarios and revisit the plan when assumptions or future receipts change.