Study reveals how much it will cost couples each year to retire in comfort… and the amount you need to be able to go on holiday and enjoy trips to the theatre

By TANYA JEFFERIES

Updated: 00:22 BST, 3 June 2025

The cost of a comfortable retirement for couples has tipped beyond £60,000 a year, a study has found.

For households wanting to invest their hard-earned pensions in several holidays, theatre trips and flash cars, the annual sum needed to do so has soared to £60,600.

And if retired couples are seeking to have just a ‘moderate’ lifestyle – with fewer trips abroad and only the occasional meal out – this will still set them back £43,900 each year, according to retirement advisers the Pension and Lifetime Savings Association (PLSA).

Individuals will, meanwhile, need to save even harder as the moderate retirement level would cost them £31,700 and the comfortable alternative £43,900.

The cost of a comfortable retirement for couples has tipped beyond £60,000 a year, a study has found (Stock photo)

The Pension and Lifetime Savings Association study, compiled by Loughborough University (pictured), showed lower energy prices have dampened the annual rise in retirement costs

Compiled by Loughborough University, the PLSA’s Retirement Living Standards report indicates what annual incomes workers need for a minimum, moderate or comfortable retirement.

These are based on different baskets of goods and services such as food and drink, transport, holidays, clothes and social outings.

The study also showed lower energy prices have dampened the annual rise in retirement costs, while the income needed to fund a moderate or better lifestyle has risen by only a few percentage points since the PLSA’s last report.

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Study reveals how much it will cost couples each year to retire in comfort… and the amount you need to be able to go on holiday and enjoy trips to the theatre

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