Your projected pension when access begins
What if I retire two years earlier?
Change one choice and see what happens to the pension and the savings needed before pension access.
Age 45Pension £180,000Cash & ISA £80,000Pension contributions £800/monthSpending today £1,800/month after tax
No gap between retirement and pension access
Accessible savings to help fund the earlier years
At 57, this example starts pension withdrawals when work stops. The earlier-retirement option shows why accessible savings matter.
How total savings could change
Pension, cash and ISA together · future pounds · balances at each birthday
Blue: retire at 57
Assumptions behind this example
This is one fictional person using England, Wales and Northern Ireland pension-income tax assumptions. Spending and contributions rise by 2.5% a year. Investment fees are 0.5% a year, with a Growth starting mix and Balanced retirement target. The mix changes gradually over ten years, reaching its target when pension withdrawals begin at 57. Share, bond and cash returns are assumed to be 6.5%, 5% and 3.5% before fees.
The example includes an illustrative £12,000 annual public pension in today's money from age 68, increasing by 2.5%. This is a made-up planning input, not a statement of the current State Pension rate or anyone's entitlement. Phased tax-free pension cash is selected.
The bridge figure is the estimated cash needed when early retirement begins, allowing for assumed cash interest. All headline amounts are future pounds at their labelled ages. Returns vary in reality; these are steady-return illustrations with simplified tax, not guarantees or personal advice.
Now explore your own numbers
Start free with your overview and projection. Silver adds detailed planning and a report; Gold adds automatic comparisons and scenarios.