How did we calculate your results?
We have applied a number of assumptions to calculate your results. These results are intended to provide a general guide and may not reflect your specific circumstances. For a more accurate assessment, please consult with a financial adviser.
Current plans
Existing contributions of – Your entry in Monthly retirement contributions.
Total at retirement – We have worked out how much you could save by your retirement age. This is done by adding your Current retirement savings plus your Monthly retirement contributions over the number of months you have until retirement. We have applied the selected growth rate, incorporating charges of 0.75% and inflation of 2% to this.
Run out of money at age – Based on your Spending in retirement and incorporating Other retirement income which you may have, we estimate that this is the age where the Total at retirement pot will have run out.
Suggested plans
Change contributions to – We have calculated that this is the amount you need to contribute each month to fund your Spending in retirement and not run out of money until your selected Mortality age.
Total at retirement – We have worked out how much ideally should have saved by your retirement age. This has been calculated by adding your Current retirement savings plus the Change contributions to over the number of months you have until retirement. We have applied the selected growth rate, incorporating charges of 0.75% and inflation of 2% to this.
Run out of money at age – Based on your Spending in retirement and incorporating Other retirement income which you may have, we estimate that this is the age where the Total at retirement pot will have run out.
Important information
Fees and charges may apply at SPW.
The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors might not get back their initial investment.
Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
The retirement benefits you receive from your pension plan depend on several factors including the value of your plan when you decide to take your benefits which isn't guaranteed and can do down as well as up. The benefits of your plan could fall below the amount(s) paid in.