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🌅 Retirement planner

Retirement Savings Planner

Target a retirement pot that supports the life you want — not the state minimum.

Your goal

Your roadmap

£499,500 to go

7305 days · 1043.6 weeks · 240 months until 3 Aug 2046

5

Success score

£500 saved0%£500,000

Per day

£68.38

Per week

£479

Fortnightly

£957

Per month

£2,081

Trim monthly spending

You'd need 297% of your disposable income. Cutting £135/month from subscriptions and takeaways typically closes half the gap.

Add extra side income

Tutoring, freelance, weekend shifts or reselling can add £200–£400/month — often the difference between stretch and comfortable.

Assign your next bonus

A £1,000 workplace bonus routed straight to this pot advances your target date by ~1 month at current pace.

Consider extending the date

Adding 1188 months would drop your monthly target to a realistic £350.

Motivation

You've already covered 0%. Small wins compound — a £5/day cut equals £150/month.

How to plan a retirement fund

  1. 1

    Aim for 15% of gross salary going into pension — including employer contribution.

  2. 2

    Never leave free employer match on the table — it's an instant 100% return.

  3. 3

    Higher-rate taxpayers should max SIPP contributions for 40% tax relief.

  4. 4

    Review asset allocation every 5 years — de-risk as you approach retirement.

FAQs

How much do I need to retire in the UK?+

A comfortable retirement needs ~£43,000/year according to PLSA — roughly a £700k pot plus state pension.

SIPP vs workplace pension?+

Workplace first (for the match), then SIPP for extra contributions and low fees.

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