How much do you need for retirement?

There is no single number that works for everyone, but there are simple ways to think about whether you are on track for the life you want after work.

Start with your spending

Your retirement number is shaped less by a rule of thumb and more by what you actually spend. A clear view of your monthly outgoings today is the honest starting point for any estimate.

Think in terms of a runway

One plain way to picture it is a runway. If you have a pot of savings and a sense of what you spend, you can roughly see how many years that pot could support. It is not a forecast, but as a gut check it is surprisingly useful.

The levers you control

A longer runway comes from the things you already know: saving a little more, carrying less debt into later years, and starting earlier so your money has more time to grow.

The ULTM8 assessment looks at your income, debt, retirement and protection, so you can see where your wealthspan is strong and where it needs attention.