Retirement Calculator

Estimates the pot you need at retirement and the saving to reach it.

Pot needed at retirement

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Save each month —

First year’s spending at that date —

Your savings grow to —

Reading this —

The formula

spending then = spending × (1 + inflation)^years pot = present value of that spending at the real return

Retirement spending keeps rising with inflation, so the pot is discounted at the return above inflation.

Enter spending net of any state pension or other income. Pension rules vary, so they are not assumed.

How much do I need to retire?

For 40,000 a year in today’s money, 30 years away, with 2.5% inflation, a 4% return and 30 years of retirement, about 2,055,124.