Retirement strategy
Configure how each pension pot is drawn down in retirement. Changes update all projections below.
Total wealth at retirement
retirement income
Wealth accumulation — current age to retirement
Age 30 → 67 · 37 years of growth
Wealth breakdown at retirement — age 67 (2063)
| Asset | Value | % of net worth |
|---|---|---|
| Workplace pension | £50,000 | 8% |
| Property (gross) | £607,172 | 92% |
| Net worth at retirement | £657,172 | 100% |
Post-retirement — net worth over 20 years
Age 67 → 87 · Pension drawdown and wealth evolution. Lump sum grows at 4.5% (Current savings rate).
Tax-free lump sums at retirement
Combined from all pension schemes. The £268,275 Lump Sum Allowance (LSA) is applied pro-rata across sources. Held in cash savings post-retirement, growing at the Current savings rate (4.5% p.a.).
Projected retirement income — full summary
All income streams at retirement age 67 (2063). State pension estimated at £11,502/year (2024/25 full new state pension).
PLSA retirement living standards
PLSA Retirement Living Standards 2024. Benchmarks for a single person. Projected income includes workplace pension, SIPP, DB pension, and state pension. This is not financial advice.
Synopsis
The Financial Summary is a single dashboard that pulls together everything entered across your workplace pension, SIPP, defined benefit pension, State Pension, Stocks & Shares ISA, Cash ISA, Lifetime ISA, cash savings, mortgage and Help to Buy calculators to project your household's net worth from today through to retirement and beyond. It shows your projected wealth accumulation year by year, models how each pension pot could be drawn down — via income drawdown or an annuity — models the tax-free lump sum available under the £268,275 Lump Sum Allowance, and estimates your combined monthly and annual retirement income including the State Pension. It also benchmarks your projected income against the PLSA Retirement Living Standards, so you can see whether your plans are on track for a minimum, moderate or comfortable retirement. In couple mode, figures are shown both combined and broken down per partner, making it easy to see each person's contribution to the household's overall financial position.