Retirement is a journey, one that needs to be well planned to suit your needs. It needs to be flexible, it is not one single event, but it will continue for the rest of your life. Being able to relax or going onto the next adventure means that you will need to have a realistic idea of your retirement income in order to suit your lifestyle ahead. One of the main questions you need to consider is, ‘What do you anticipate to be your major sources of expenditure in your retirement years?’ . The answer greatly depends on your circumstances, your family and your retirement plans. Seeking professional financial advice could help your to understand your retirement needs ready for your future.