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Retirement Savings Calculator

How much do you need to retire comfortably? This calculator projects your retirement pot based on your current savings, monthly contribution and expected return, and gives an indication of the monthly income that pot could provide.

years
years
ยฃ
ยฃ
%

Result

ยฃ382,166.77

Expected retirement pot

Indicative monthly income (4% rule)
ยฃ1,273.89
Years to retirement
32
How this was calculated
  1. 1Calculate the years until retirement67 โˆ’ 35 = 32 years
  2. 2Grow the current pot and contributions to that age

What the variables mean

pot
Your total retirement pot at retirement age
4%-regel
Rule of thumb: withdrawing 4% of your pot per year is generally sustainable long-term

Worked examples

35 years old, retiring at 67, โ‚ฌ 20,000 now, โ‚ฌ 300/month, 5% return

โ†’ Expected pot โ‰ˆ โ‚ฌ 397,000, indicatively โ‚ฌ 1,323 per month.

Common mistakes

  • Looking only at the final amount without accounting for inflation, which reduces that amountโ€™s purchasing power over decades.
  • Forgetting that employer pension schemes and state pension are separate from this kind of personal savings.

Important to know

  • This is an indicative, heavily simplified projection. It does not account for state pension, employer pension, inflation or tax. Consult a financial adviser for retirement planning.

When to use it

  • Getting a rough estimate of your personal retirement pot alongside your employer pension.
  • Visualising the effect of starting extra retirement saving earlier.

Frequently asked questions

Is the 4% rule reliable?

It is a rule of thumb based on historical US market returns, not a guarantee. Actual safe withdrawal rates depend on investment mix, lifespan and market conditions.

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