The retirement picture, illustrative, in today's money

When could the maths reach £24,000 a year?

Your whole picture (pension, investments, accessible cash, what you add monthly) projected forward at assumptions you control. Everything below is in today's money, so the number means what it means now, with no mental deflating.

Your money now

Pensions

Investments (S&S ISA)

Accessible cash

Going in monthly

You + employer, all pots

Your age

yrs

The retirement you're pricing

Growth rate: yearly, before inflation

We assume 2% inflation, so a 5% growth rate is about 3% in today's money, which keeps every answer meaning what it means now. All five outcomes are always shown.

State Pension

Your State Pension isn't included yet.Your real entitlement depends on your National Insurance record. Your gov.uk forecast is the figure that's yours, and it's free. Check your forecast.

On these assumptions, the maths reaches your target

around 2079, when you'd be 93 at 5% growth (about 3% after inflation)

At 3% and 4% growth it isn't reached inside this view at all, so there's no upper end to put on it (at the rates that do arrive, the earliest is 79). The date is a picture, not a promise. It moves as your real numbers do.

3%beyond horizon

4%beyond horizon

5%age 93, in 2079

6%age 85, in 2071

7%age 79, in 2065

Where this comes from: £24,000 a year is £24,000 a year for your pots to carry. The 25× rule of thumb prices that at 25 times, a target of about £600,000 in today's money. Your £30,000 of pensions and investments, plus £300 a month (assumed to rise with inflation), reaches it at the rates above. Change any number and the date follows.

The bridge, honestly: Private pensions normally unlock at 57. The years before that have to be carried by money you can actually reach: your accessible cash and ISA. That's the number early retirement really depends on, and almost nobody shows it. Right now that's £18,000, about 0.8 years at £24,000.

For the decision itself, a regulated financial adviser can help.

An illustration at the assumptions shown, in today's money, not a forecast, a promise or a personal recommendation. Assumptions stated: 2% inflation; contributions rising with inflation; fees not modelled (a typical 0.5–1% of fees would land you between two growth chips, worth knowing). The 25× figure is a rule of thumb for picturing scale, not a plan; real retirement income depends on how money is taken, markets, tax and rules that change. The State Pension figure is the full 2026/27 amount, bracketed until you check your own forecast on gov.uk. For the decision itself, a regulated financial adviser can help. HMRC and your providers decide the final figures.

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