These webtool results are for illustration only and are not guaranteed. This tool does not provide financial advice. Pension values can go down as well as up, and you may not get back the amount invested. Tax rules may change and depend on your personal circumstances. For personalised advice, please speak to a regulated financial planner.
Years to Retirement - simple
Minimal sliders. Assumes a fixed 4% withdrawal rate. Returns are after inflation. Not advice.
Inputs
State Pension + any defined benefit income.
Formula: $FV = PV(1+r)^n + c((1+r)^n - 1)/r$. Solve for n. Withdrawal rate fixed at 4%.
Results
INCOME GAP
POT NEEDED (GAP ÷ 4%)
ESTIMATED YEARS TO TARGET
These figures are for illustration only and are not guaranteed. Your pension value and income will depend on many factors including investment performance, charges, and tax rules, which may change