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Educational modelling only. ERIC explains CMP model output from your entered settings. Not financial advice, a suitability assessment or a personal recommendation.

Retirement Budget Calculator

Use this budget calculator to tailor your income needs in retirement to your own circumstances or preferences. Use the three-way toggles below to set your preferred standard for each individual category of spending used in the Retirement Living Standards research.

Alternatively, you can specify an exact figure using the sliders. Note that there is a slider for housing costs, which are not taken into account in the Retirement Living Standards. You can add this if it applies to you.

All the values are in today's money. The values for each category have been extracted from the tables in the 2026 Research Report, rounded and adjusted to match the latest totals.

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£67.65
£3517.80
£0
£0
£67.65
£3517.80
£6.63
£344.76
£9.52
£495.04
£20.68
£1075.36
£1.73
£89.96
£32.77
£1704.04
£2.01
£104.52
£21.21
£1102.92
£10.76
£559.52
£30.68
£1595.36
£0.00
£0.00
£12.93
£672.36
£5.00
£260
£2.50
£130
£10.00
£520
£20.00
£240
£11.54
Selected monthly budget based on chosen categories.
A spending benchmark is not an affordability or suitability assessment.
CMP is an educational modelling tool. Results show mathematical outcomes from the inputs and assumptions selected. They are not financial advice, a suitability assessment or a personal recommendation.