Thinking about retirement? Our first-ever Retirement Lifestyle Report is here to help you make confident, informed choices - so you can enjoy the future you’ve worked hard for.
Why it matters
Our research shows:
- 4 in 5 retirees who took financial advice are satisfied with their income - compared to just 2 in 5 who didn’t.
- Nearly two-thirds of advised retirees saw their household income rise in the past year - almost double the rate of the wider retirement population.
- Advised retirees are more likely to take steps to protect their money and reduce tax.
Financial planning isn’t just about numbers - it’s about peace of mind. With the right plan, you can feel more secure, reduce stress, and stay in control of your future.
Which retirement lifestyle sounds like you?
We’ve identified six common retirement lifestyles based on age, income, and how people typically spend. Knowing where you are - or where you’d like to be - can help you plan more effectively:
Under 65 with income under £35k
Focused on essentials and adjusting to retirement.
Under 65 with income over £35k
Enjoying travel, hobbies, and early retirement.
65–79 with income under £35k
Budget-conscious and prioritising essentials. Often adapting spending to make income last.
65–79 with income over £35k
Living well with room for leisure. Typically supported by pensions and investments.
Over 80 with income under £35k
Relying mainly on the State Pension. Spending is focused on core needs.
Over 80 with income over £35k
Staying active and independent. Supported by private pensions and other income, with room for discretionary spending.
Want to know more?
Read our report summary page here.
*Research by Quilter based on responses from 5,001 UK retirees, conducted in February 2025 by Censuswide and econometric analysis by the Centre for Economics and Business Research (Cebr).
Quilter Financial Planning Network only: Quilter Financial Services Limited, Quilter Financial Limited & Lighthouse Advisory Services Limited Aug 2025.