Retirement PlanningIncome Targeting

How Much Do I Need Calculator 2026/27

Estimate the pension pot required to support your target retirement income. Start with your retirement age and desired annual income here, then fine-tune growth, withdrawal and fee assumptions in the full calculator below.

View full forecast →

Quick setup

Retirement Age

Desired Income

Estimated Pot Needed

Target Income

£28,000

Use quick inputs here, then tune withdrawal approach, fees, tax residency and growth assumptions in the full calculator below.

Retirement Age

Min. 55

Desired Income

£per year

Growth Rate

Fund Fees

% per year

Fund Fees Cap

£= £875 / yr

Use a Withdrawal RateHigher capital requirement, restricts withdrawals to a withdrawal rate, pot likely to grow over time

Withdrawal Rate

Allow retirement pot to deplete by old ageLower capital requirement, pot guarantees desired income level until specified age, gets fully consumed

Guarantee Income Until Age

Min. 75

Using a Withdrawal Rate means withdrawing a certain % of your retirement pot per year. Many opt for 4% as a rule of thumb, with the idea that a retirement pot invested in low-cost index funds should slightly grow each year, despite the withdrawals (and fees). The idea is that your retirement pot becomes sustainable and should never run out.

Resident of Scotland?

Results

Your Desired Income	How Much You Need	After-Tax Income
Your Desired Income £28,000Until Age 90	How Much You Need	After-Tax Income £24,914(£2,076 / month)

Get an accurate forecast using Saving Tool Advanced

This calculator serves as a general guide for figuring out how much is needed in order to achieve a certain income.

To run a full simulation that takes into account your income, outgoings, existing investments and lots more, create a scenario using Saving Tool Advanced.

Go to Saving Tool Advanced →

Notes

Estimates how much you need to the nearest £1000
Assumes you qualify for the state pension, at age 68
Ignores the 25% tax-free lump sum typically available upon first retirement year
All figures use today's money, i.e. inflation is accounted for
Ignores Student Loans
After-Tax Income shows income after income tax - NICs are not payable from pension pots

Fewer limitations exist using the full Saving Tool Advanced simulation. Something look off? Get in touch to provide feedback.