Will my money last?
Enter eight figures to see the age your money runs out. The calculation runs in your browser.
Enter eight figures to see the age your money runs out. The calculation runs in your browser.
It works in today's money at one growth rate and applies no tax. It takes your spending figure as entered and cannot show the effect of poor returns early in retirement. Each of these makes the result look better than a full projection would.
The Financial Plan runs the projection every year to age 100 with UK tax applied, then two thousand more times with the years in a different order, then against specific events such as care costs and redundancy. Retirement cash flow modelling shows a full projection worked through by age.
A spending figure set too low gives a result that is too optimistic. The free Healthcheck measures your spending from your bank in about two minutes.
Move the stop age two years each way and compare the results.
This tool cannot show it. Poor returns in the first three years after you stop work do more damage than the same returns ten years later, even with the same average.
The tool assumes the full amount. Your own forecast on gov.uk shows what your National Insurance record gives you.
Your money lasts on these figures. Try an earlier stop age to see what it costs.
The result depends on things this tool does not model, mainly tax and returns in the early years. A full projection with tax applied gives a firmer answer.
Changes made now, such as working an extra year or saving more each month, move the result more than the same changes made later.
Run it again with spending £300 a month higher. If the result moves by five years or more, your spending figure is the most important input.
An hour with a planner on whether the Financial Plan suits your position.
A written plan: every year to age 100 with UK tax applied, each risk measured in years, and your next ninety days.