Retirement Savings

Calculate how much you should be saving for your retirement. The figures provided by this calculator are for illustrative purposes only. Calculations are only a guide and cannot be guaranteed. Interest rates are subject to changes and actual figures will vary in individual circumstances.

Complete the information required and click the ‘Calculate’ button.

Note: do not use “,” or “£” in the input fields, move through the fields using the TAB key

Amount of money currently saved:
Enter the Annual Interest Rate you expect to earn on your savings (%):
Enter the number of years you would like to make the monthly withdrawals:
Enter the amount you would like to withdraw each month in retirement (£):
This is how much you need to have saved by the time you retire (£):

Results are for your general information and use only and are not intended to address your particular requirements. Therefore, results should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate results and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect to using this calculator. Thresholds, percentage rates and tax legislation may change in subsequent finance acts. Levels and bases of and reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor. The value of your investments can go down as well as up and you may get back less than you invested.

This calculator does not take into account what you may receive in State benefits or from any other source.

This calculator assumes you are a basic rate tax payer and that tax relief will be added to the payment you pay.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Renshaw Wealth
11 Bath Street
Ilkeston
Derbyshire
DE7 8AH

0115 9445 777
advice@renshawwealth.co.uk

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Renshaw Wealth is a trading style of Lifetime Wealth Management Limited, which is an appointed representative of Quilter Financial Services Limited, Quilter Mortgage Planning Limited & Quilter Wealth Limited, which are authorised and regulated by the Financial Conduct Authority and registered as 440703, 440718 and 217742 respectively.

Lifetime Wealth Management Limited is registered in England and Wales, No:4631136. Registered Address: 12-14 Upper Marlborough Road, St. Albans, Hertfordshire, AL1 3UR.

The guidance and information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

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