Saving Tool Advanced

Use our most sophisticated tool to plan your future.

Take your forecasts much further with the UK's most comprehensive personal finance tool.

View Sample Scenario Go to Saving Tool Advanced ⟶

Disclaimer These tools are for information only and the authors assume no liability for your actions. It is not financial advice and shouldn't be taken as such. To get independent financial advice from a qualified expert, visit Unbiased.co.uk.

How Much Do I Need Calculator

Enter your retirement age and desired income to see how much you need in your retirement pot(s) in order to sustainably achieve it. You can also decide the growth rate, withdrawal rate and fees.

Retirement Age

Min. 55

Desired Annual Income

£Pre-Tax

Growth Rate

5% (Recommended)

Fund Fees

% per year

Fund Fees Cap

£Max annual fee: £875

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

Withdrawal Rate

4% (Recommended)

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.