Takehome Wealth

When can I retire?

Choose when you would like to retire and what you would like to spend. See the pension saving needed, then explore what could change it.

Your retirement

Before tax and pension payments. The tax settings on Pay also apply here.
Used with your salary to calculate take-home income and what you can afford to save today.
Money available to spend each month after the modelled taxes, in today’s money.

Starts with your take-home pay minus investment saving. Enter a different budget to keep it fixed.

State Pension

The State Pension age is estimated from your current age; enter your date of birth to check it. The full amount is assumed because your NI record hasn’t been entered. Check your State Pension age and amount

Your starting assumptions

Annual rates. The chart dials let you compare alternatives without changing these.

The assumed annual investment return before fees and inflation.
The total annual charge on pension and invested savings, including fund and advice fees.
How much prices rise each year; all displayed balances are adjusted into today’s money.

A lower annual allowance may apply. Taking only tax-free pension money does not usually trigger it.

The age your savings need to last to; this is an assumption, not a guaranteed lifetime.
Contributions already made to your ISAs this tax year reduce the allowance available for new investment saving.
The part of total investment return paid as dividends, reinvested and taxed outside an ISA.
The tax-free pension cash still available to you; reduce this if you have already used some.
The part of your pension for which tax-free cash has already been taken.
Other pension income before tax, such as a defined benefit pension, separate from the pots above.
The annual increase in contributions beyond inflation; zero keeps saving constant in today’s money.

The estimate uses monthly saving and withdrawals, steady investment returns and the selected tax rules through the plan end age. It does not guarantee that savings will last for life.

Pay, balances and pension contributions are together in the main form. Tax code and student loan details carry across from Pay.

Pension Not enteredISA Not enteredOutside ISA Not enteredEdit balances
The current value of investments inside an ISA; withdrawals are tax-free.
The current value of investments outside an ISA; we account for tax on dividends and gains when sold.

Include money set aside for retirement. Keep your emergency fund and money for other plans separate.

What you add each monthNot enteredEdit saving
Your gross monthly contribution, including provider tax relief but excluding employer payments. If you pay £80 and your provider adds £20, enter £100.
New saving uses your remaining annual ISA allowance first; the rest goes outside an ISA, where dividends and realised gains may be taxed.
Calculated on your full salary, separately from your contribution. Enter the equivalent percentage if your scheme uses qualifying earnings.

£0 reaches your pension each month.

£0 from you + £0 from your employer.

Pension and investments use 5% growth before 0.75% fees, adjusted for 2% inflation.

Start with your pay

Enter your figures above to see a saving plan and explore what could change it.

How we calculate this

Arithmetic, not a forecast, and not advice. The dials explore a temporary comparison; your starting details carry between pages.

Figures checked for the 2026/27 tax year on · Sources