How do you want to spend your retirement?  If the answer is travelling, or at least taking lots of foreign holidays, then the majority of Britons agree with you.

It seems we all want to use our years of freedom to see the world while we still can.  In our survey we found that both older and younger people agreed on this: the ideal retirement isn’t a quiet life, but an adventure.

The top five retirement dreams in our survey were:

  1. Go on regular holidays
  2. Go travelling
  3. Help children/grandchildren to get on the property ladder
  4. Go on a cruise
  5. Buy a new car

As you can see, this effectively boils down to just three priorities: travel, kids, car (the children must be relieved not to come last). Interestingly it was the younger generation (18 – 34) who thought most about helping their children, with 49 per cent making this a priority, against 29 per cent of 34-54 year olds and just 22 per cent of the over 55s. But will they still feel as generous when they’re older, we wonder?

However, all these dreams have one thing in common – which is that they’re not likely to come true without careful retirement planning. We all know retirement is definitely going to happen, sooner or later, so planning for it as thoroughly as possible is only common sense. Tellingly, of those who dreamed of retirement globetrotting, just 16 per cent were confident that they’d have the money to do so. It’s a very depressing figure – it suggests that most of those dreams are already seen as pipe dreams. Nearly half (43 per cent) of respondents said they weren’t confident of making their retirement dreams a reality.

But it needn’t be that way. A financial adviser can focus on your specific goals and show you how to make them financially possible. Your chances of success increase in proportion to how far in advance you can plan. This could be why 52 per cent of 18-34 year olds were confident of their finances in retirement – or it could just be wishful thinking. The lesson to be learned is that it’s never too soon to plan – and the very best time is when time is on your side.

Download our pre-retirement checklist to help you plan your retirement dream.

Are you in that group aged between 18 and 34? Use our Cost Of Delay tool to see how putting off your retirement plan can cost you dearly.