Financial freedom.
Put a number on it.

We take your desired annual income, subtract entered passive income and property cashflow, then divide the remaining amount by your chosen annual withdrawal rate. For example, a £36,000 annual gap at 4% implies £900,000 of accessible capital. The rate is an assumption, not a guarantee that withdrawals will be sustainable.

Pension money is normally subject to access rules. This tool defaults to age 57, but lets you enter the age relevant to your scheme. Pension value grows in the projection but does not fund the income target before that age. This is a simple access-age screen; it does not model pension tax, benefit rules or protected pension ages.

Enter rental cashflow only in the property field. Enter other passive income separately, excluding withdrawals or returns from the investment and pension balances already entered. Otherwise the same return would be counted twice. Property cashflow should already be after mortgage payments and operating costs.

Yes. Your target income is entered in today's pounds and rises with the inflation assumption. Passive income and property cashflow follow their separate growth assumption. The year explorer also shows income capacity in today's purchasing power.

No. It means the projected accessible capital, multiplied by your withdrawal assumption, plus passive income meets the modelled income target at that point. Contributions continue throughout this accumulation projection. A retirement plan also needs tax, market volatility, longevity, spending changes and a withdrawal strategy.

Your current inputs, income target, accessible wealth gap, pension timing, estimated milestone date, every annual projection, contribution scenarios, return sensitivity and all assumptions. The calculator is free to use; the optional report needs your name and email.