How to plan?

A key aspect of this is cash flow modeling and forecasting, which involves assessing income and expenses in retirement and projecting future expenses to ensure that savings and investments are sufficient.

Some key factors to consider when planning for retirement in the UK include the age at which you plan to retire, the lifestyle you want to maintain in retirement, and any potential sources of income such as pensions or investments. By creating a solid retirement plan and regularly reviewing and adjusting it as needed, individuals can ensure financial security and peace of mind in their later years.