Money Calculators UK

Final Salary Percentage Calculator

Explore retirement savings using a percentage of final salary. Results are estimates, and your inputs may be retained in this browser.

Saved in this browser. Reset clears this calculator’s saved inputs and restores its defaults.

Household
Person 1
Pension Contributions
Retirement Investment Contributions
Assumptions
Growth And Inflation
Planning Ages
State Pension
Additional Retirement Income

Assumptions

  • Targeting 80% of final income at retirement age by withdrawing 4% of combined pension pot per year.
  • Adjusted for 3% inflation & 3.5% wage growth.
  • Cash contributions grow with 3.5% wage growth when the cash-growth option is enabled.
  • Your pot grows from 10% at age 20, reducing by 0.1% each year.
  • Growth drops to 5.5% a year from retirement onward.
  • If you retire before 57, your Retirement Investments have to cover the gap.
  • From age 67, £12,548 a year reduces what your pots need to provide.
  • The plan needs to last until age 100.
  • To edit the other assumptions, go to the Detailed tab.

Required Savings Rate

-- Based on the remaining gap after your current pot is projected forward.

Savings Status

--
Current Saving Rate --
End Saving Rate --
Working-Life Average --
Required Savings Rate --
Retirement Investments At Target Age --
Retirement Investment Bridge Required At Target Age --
Retirement Investment Bridge Gap --
Final Balance At End Age --
Pension + Retirement Investments At Target Retirement Age --
Retirement Investments At Pension Access Age --
Combined At Pension Access Age --
Retirement Investments At State Pension Age --
Earliest Funded Retirement --

Estimated Retirement Income

--

Future Annual Retirement Income --

Current Value Equivalent --

Model Details

Compare retirement ages or inspect the yearly cashflow path.

Retirement Age Years Required Savings Pot Gap

Help

Reset Calculator?

This will clear your saved variables and restore the calculator defaults.