Retirement calculator

Information

Financial

Results

Your information

How old are you?

30 years

What age would you like to retire?

65 years

Financial information

What currency would you like to use?

What monthly income will you need while retired?

What's the total amount you've saved and/or invested toward retirement?

Results

You may need a retirement pot of:

Which in today’s money is:

To have an annual retirement income of:

Which is a monthly retirement income of:

This means saving (per month):

If you would like to change your answers for your retirement calculation, or if you'd prefer to start over, simply click the buttons below.

*Assumptions:

This calculator is for guidance purposes only. It is not an actual projection and should not be treated as such.

St. James’s Place can accept no responsibility for any loss which may occur as a result of reliance on this information.

It is based on our understanding of current legislation. It does not constitute legal or taxation advice.

The objective of this calculator is provide an indication of the monthly saving needed to fund the gap in your required income at retirement and your expected income from existing funds.

1. Contributions are paid monthly in advance, increasing each year by inflation, for 38 years from your current age until retirement.

2. An annuity rate of 4% has been assumed to calculate retirement pot at retirement.

3. If any Tax Free Lump Sum is to be taken, this will reduce the retirement income required.

4. A growth rate of 3.5% has been assumed to calculate retirement pot at retirement.

5. An inflation rate of 2% has been assumed to calculate retirement pot at retirement.

The figure provided is an example only and not guaranteed - this isn’t a minimum or maximum amount. What you will get back depends on how your investment grows and on the tax treatment of the investment. You could get back more or less than this.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances. You are advised to seek independent tax advice from suitably qualified professionals before making any decision as to the tax implications of any investment.

Please note that any applicable state pensions or government retirement schemes which may be available in your country of tax residence have not been included in the above calculations.