Retirement Planning

How much do I need to retire?

Move the sliders to see a rough figure for the pot you might be aiming for, and what that could mean for monthly saving. Takes about 30 seconds.

Income you'd like in retirement (per year) £25,000

£10k£80k

Your age now 45

2070

Age you'd like to retire 65

5075

What you've already got saved (pensions, ISAs) £50,000

£0£500k+

Estimated pot needed

£625,000

by age 65, based on what you've told us

Monthly saving, roughly

£520

This is a starting point, not a plan. The right number for you depends on things this calculator can't see — your State Pension, other assets, and what "enough" actually means to you.

Talk it through, no obligation

This estimate uses two common rules of thumb: that a pension pot lasts comfortably if you draw down around 4% of it a year, and that savings grow at roughly 5% a year on average before you retire. It does not include your State Pension — you can check your own forecast at gov.uk/check-state-pension — and it doesn't account for inflation, tax, charges, or how your investments are actually invested. Real life is rarely a straight line, which is exactly why this is a starting point for a conversation, not a substitute for one.

This tool is for general information only and does not constitute financial advice. It does not take into account your personal circumstances. The value of investments can go down as well as up, and you may get back less than you invest. Speak to a financial advisor about your own situation before making any decisions. Liberty Partnership is authorised and regulated by the Financial Conduct Authority (FRN 472792).

How much do I need to retire?

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