Pension pot for an income gap calculator UK
Calculate a pot target from an income gap and a withdrawal rate you choose. Check the formula, worked example and limits before using your own figures.
Enter your figures
Illustrative pot target
Inputs changed. Select Calculate result to update your estimate.
Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. No pension entitlement or annuity quote. A selected withdrawal percentage is not guaranteed sustainable; tax, inflation, returns and longevity are excluded.
How the pension pot for an income gap calculator uk works
Pot target = max(0, desired income − other income) ÷ chosen withdrawal percentage.
Data basis: mathematical formula using your inputs. Example prices and rates are illustrative, not current market quotes.
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Worked example: pension pot for an income gap
This illustration uses the calculator’s example inputs. It is not a quote or a recommended financial decision.
- Desired annual gross retirement income (£)
- 24,000
- Other annual gross retirement income (£)
- 12,000
- Chosen withdrawal percentage (%)
- 4
Illustrative pot target: £300,000.00
Pot target = max(0, desired income − other income) ÷ chosen withdrawal percentage.
Pension pot for an income gap: questions answered
What does the pension pot for an income gap calculation include?
Pot target = max(0, desired income − other income) ÷ chosen withdrawal percentage. Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. No pension entitlement or annuity quote. A selected withdrawal percentage is not guaranteed sustainable; tax, inflation, returns and longevity are excluded.
Using your result
Example inputs are a starting point. Replace them with your figures and select Calculate result. Results are rounded for display; calculations use unrounded values.
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