The starting question · what’s my number?
How much could you need to retire?
Everyone asks it, and most answers are a scary headline with no working. See a clear target for your own pot: what the State Pension covers, what your savings could need to add, and roughly what that means to put away each month. In plain English, in today’s money.
Illustration only, not regulated financial advice. The target is solved from the model rather than from a fixed withdrawal rate: the full new State Pension covers the base, and the figure above is the smallest pot at which 85% of simulated futures still have money at the end of the plan. The monthly figure assumes you start from nothing and save into the same 60/40 mix as the rest of the tool, which works out at about 1.5% a year in today’s money. That is lower than the 4.5% equity assumption because it is the typical outcome after charges and the drag of ups and downs, not an average. A guide to aim at, not a guarantee. Modelled on a 60/40 equity and cash mix: equities at 4.5% and cash at 0.5% a year above inflation before charges, with 15% equity volatility, less 0.75% charges, across 2,000 simulated futures in today’s money. Assumptions, not forecasts.
A quick preview of this one question. The full tool works from your own figures (income, spending, one-off costs, tax and inheritance) in a single connected plan.