Rest of the world
England
Select your country
Country of domicile
The country that you treat as your permanent home, or live in and have a substantial connection with. If you are not sure about this, please consult your tax adviser.
This retirement calculation is based on certain assumptions and may not cover your unique circumstances. It is an approximate calculation based on the information you provide.
If you are not sure how to answer certain questions, please read the various tooltips available alongside the questions. If you need more help, please click to ‘get in touch’ at any step of the retirement calculator, to request a free consultation with one of our retirement planning specialists.
Before you start
Retirement calculator
Step 1 of 4
Scotland
Wales
Northern Ireland
Select country
Where do you plan to reitire?
Unfortunately, we don’t provide retirement planning services to UK non‐domiciled residents. However, we may be able to offer our investment management services if they are of interest to you.
Next
Before using this calculator, please read this important information. By using this tool you confirm that you have read and understand the important information about the assumptions that have been made to provide you with your potential retirement financial goal projection and any limitations of this tool.
Important information - assumptions and limitations
Important information - assumptions and limitations: This tool assumes a life expectancy of 87 years. Actual lifespans may vary, and this estimate does not guarantee a specific duration of life. We have made various assumptions, including that your assets all increase by the same rate each year (4%), although in reality performance will vary each year. As such, the results are projections rather than forecasts. A small variation in returns each year could result in an unexpected shortfall arising. We have ignored the impact of tax on investment returns and on income paid to you. No account has been taken of any option to draw down pension funds by way of ‘tax free cash’ rather than purely as income. Changes in tax rates, pension and other regulations could result in a higher level of income being required to provide the annual cash flow you require. In general, income requirements vary during retirement, and we have not taken into account the impact of any possible long-term care costs. Ongoing financial advice would enable progress to be monitored and action taken to keep your plans on track. No action should be taken, or refrained from being taken as a result of using this tool which is not a substitute for taking advice.
To the best of your knowledge, please provide details of your current assets. If you are not sure how to answer certain questions, please read the various tooltips available alongside each question or click ‘get in touch’ to speak to a retirement planning specialist.
About you and your retirement goals
What age do you plan on retiring?
This should be the age when you intend to retire fully from paid employment.
£
How much annual income do you think you will need in retirement?
Think about how much you expect to spend in retirement. Allow for extra expenses, such as holidays, and spending you will no longer incur, such as commuting and possibly mortgage costs. You might find our retirement lifestyle calculator will help if you are unsure – you can find it by clicking the link below this field.
What is your age?
Use our retirement lifestyle calculator
Prev
*please fill all above points
Step 2 of 4
Get in touch
To discuss your retirement needs with a wealth planning specialist, request a free consultation.
Need more help with your retirement planning?
This calculator can help you understand how much money you might need in your retirement. Once you’ve completed each field, click ‘continue’ and this will show your answer to ‘How much annual income do you think you will need in retirement?’ in the previous step. If you are still unsure, click ‘get in touch’ to speak to a retirement planning specialist. Click the 'X' in the top right corner to go back to the previous step if you'd prefer to input your desired retirement income yourself.
Retirement lifestyle calculator
Basic costs of living
Skiing/winter sun holidays
Summer holidays
Dining out
Home improvement
A new car every 5 years worth
Health club/gym membership
Retail shopping trips
Entertainment/ experiences
The lifestyle you’ve chosen could cost you:
0
per year
Happy with the desired retirement lifestyle you have chosen?
Click ‘continue’ to progress with this lifestyle calculation.
Continue
yes
NO
To the best of your knowledge, please give details of your current assets. If you are not sure how to answer certain questions, please read the various tooltips available alongside each question or click ‘get in touch’ to speak to a retirement specialist.
Your current pension provision
Monthly pension contributions
Include both your own contributions and any made by your employer.
Value of pension plan
You’ll need to refer to your most recent pension statements.
What, if any, defined pension benefits are you due to receive at your chosen retirement age?
This includes any guaranteed pensions, but ignoring the state pension. If possible, please deduct tax at your expected tax rate.
Value of other investments
Refer to any recent statements, and include an estimate of all your investments, including any ISAs and investment bonds.
Step 3 of 4
Don't know
Not applicable
Your retirement outlook
This calculation is an indication of your retirement finances, based on the information you’ve given, as well as other assumptions, as everyone’s individual situation is different. Other things can affect your retirement finances, such as changes to your employment, your health and any potential long-term care costs, your family circumstances and the general economic situation.
If this outcome is not what you expected and/or you would like to find out more about calculations, please get in touch or have your results emailed to you and get in touch another time.
Cash flow modelling to see different funding scenarios for your retirement Reviewing your pensions to check they are still fit for purpose Navigating complex pension rules so you make the most beneficial choices Advising on income streams outside of your pension for maximum flexibility Maximising tax efficiency by making best use of all available allowances Tax-efficient investments and allowable pension reliefs Equity release Passing on wealth as your plans could affect the inheritance tax payable on your estate
Ways in which we can help you maximise your retirement income.
Your potential withdrawal trajectory
While this provides a useful estimate, this path can of course be affected by several external factors, including the performance of your investments or the impact of inflation on your savings, or by changes in personal circumstance. Please make sure you read our full list of assumptions used to estimate the calculations provided, and seek appropriate financial advice.
100,000,000 £
To meet you retirement goals, you have a potential shortfall/surplus of:
Step 4 of 4
Discover more
We have also listed some ways in which we can help you maximise your retirement income.
Find out more
We've created an illustration of your retirement income (click below to see this).
Please read this important information so that you understand the assumptions that have been made to provide you with this calculation and any limitations of this tool.
This graph indicates how long your total retirement funds of £xxx,xxx,xxx will last, based on your anticipated yearly spending in retirement.
£xxx,xxx,xxx
Forecast fund value:
40
Years funding:
70
Retirement age:
87
60
250,000
20%
40%
60%
80%
Desired retirement:
Forecast retirement:
This calculation provides an indication of whether you are on target to meet your retirement objectives. This is only an estimate and could alter following a full fact find and retirement cash flow modelling. This tool assumes a life expectancy of 87 years. Actual lifespans may vary, and this estimate does not guarantee a specific duration of life.
*To discuss your retirement plans in more detail, please provide your details and we’ll be delighted to explain how we can help.
Retirement funds
Age
Based on the assumptions we have made, you would appear to be on target to meet your retirement objectives. In addition, there would be funds remaining following your death, which could be inherited subject to pension and tax regulations at the time. If this figure is not in line with what you intend to leave for you beneficiaries our IHT and retirement planning specialists may be able to help you decide what to do. Get in touch for a free, no-obligation, inheritance tax and pension review.
Based on the assumptions we have made, you would appear to have a shortfall in meeting your retirement objectives, obtaining financial advice can help you decide what to do. Get in touch for a free, no-obligation, inheritance tax and pension review.
Keep your calculation for future reference. Let us have your details and we’ll email it over to you.
100.000.000 £
Based on the information you provided, and due to our regulatory duty to our clients, it seems that our retirement planning services may not be suitable for you. Typically, we provide financial advice to clients with assets over £250,000 or investment management services to clients who have over £250,000 of investable assets. If you’re looking for investment services at lower levels, we may have other options available.
Thanks for using our calculator.
