Saving for retirement How much will you need?

What are your plans for retirement?

Whether it’s jetting off on a dream trip, buying a holiday home or simply living comfortably, True Potential’s retirement savings calculator can show you how much you’ll need.

Let's get started...

About You

1

Pick your gender

2

Select your age

3

At what age do you want to retire?

4

Where are you based?

Mortgage & Bills

5

Do you have a mortgage?

6

Roughly, how much of your mortgage do you anticipate having left to pay once retired?

7

Approximately, what will your monthly spend on bills be in retirement?

Food & Drink

8

On average, how much do you think you'll spend on groceries each month in retirement?

9

How often would you like to dine out per month?

Holidays

10

Do you plan on taking regular holidays in retirement?

11

How many holidays would you like to take per year?

12

How much do you anticipate spending on each holiday?

Cars

13

Do you plan on buying a car in retirement?

14

How much do you plan on spending on your car?

15

How many cars do you think you'll own during retirement?

Leisure & Hobbies

16

How much do you plan on spending on memberships per month in retirement? E.g. gym or sports club memberships.

17

If you need any special equipment for your hobbies, how much do you think they will cost?

18

How often would you visit the cinema or theatre per month?

Your results

Required monthly contributions:
Your pension pot should be: £ *

Meals out per month

0

Holidays taken

0

Cars owned

0

Theatre & Cinema visits

0

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*Assuming an inflation rate of 2.5%, an investment return of 6.92% and an average life expextancy of 85 years old.

*The pension goal amount is an indication only and not personal financial advice.