Advanced Retirement & Lifestyle Calculator
Calculate your financial future with inflation-adjusted projections
How This Calculator Works
Unlike basic calculators, this tool accounts for realistic growth patterns:
- Progressive Savings: Assumes you'll save more each year as your income grows
- Inflation Adjustment: Your retirement income needs will increase with inflation
- Year-by-Year Analysis: See exactly when and if your money runs out
- Gap Solver: If you're short, we'll calculate exactly how much more to save
💡 Tip: The "Annual Contribution Increase %" is key—it reflects that as you earn more over your career, you'll likely save more too.
⚠️ Important Tax Considerations
This calculator does NOT account for taxes. Your actual spending power may be significantly affected by:
- Income tax on pension withdrawals (25% tax-free lump sum in UK, then marginal rates)
- Capital gains tax on investment growth in taxable accounts
- Government pension taxation (State Pension is taxable income in UK)
- Tax-advantaged accounts (ISAs in UK are tax-free, SIPPs/401ks are tax-deferred)
💼 Professional Advice: Consider consulting a financial advisor or tax specialist for a comprehensive retirement plan that accounts for your specific tax situation.
Input Parameters
Select your preferred currency
How old are you right now?
When do you plan to stop working?
How long do you expect to live? (US avg: 77-80)
Total in retirement accounts (401k, IRA, etc.)
How much you save per year right now
As you earn more, you'll save more each year (e.g., 3%)
Expected annual investment return while working (stocks: 8-10%)
Lower return after retiring (conservative mix: 5-7%)
Cost of living increases over time (historical avg: 3%)
Lifestyle you want in retirement, in current purchasing power
Government Pension (Optional)
UK State Pension: ~£11,500/year, US Social Security: varies
UK: 66-67, US: 62-70 (full at 67)
How pension adjusts each year: UK Triple Lock (2.5%+), US COLA (~2.5%), or 0% if fixed
💡 Tip: Use inflation rate if pension is inflation-linked, lower if it has fixed increases, or 0% if frozen
Summary
Balance Projection
Year-by-Year Breakdown
| Age | Contribution/Withdrawal | Gov. Pension | Investment Growth | End-of-Year Balance |
|---|---|---|---|---|
| Enter your parameters and click "Calculate Retirement Plan" | ||||