When you think about your financial future, three numbers are important:

  1. At what age would you like to stop working or have the financial freedom to do something different?

  2. What’s the monthly income you’ll need to support that new lifestyle?

  3. What’s the size of the pension fund you’d need to generate that income?


How much will you need to retire?

Although these numbers are vital for our financial futures, many people appear reluctant to start planning for retirement until it’s too late. As part of our What’s your number? report, we carried out a survey to understand British people’s attitudes to saving for later life. The results reveal some alarming statistics:

  • Only 7% of UK adults know the age at which they would like to retire

  • Just 2% of UK adults say their target retirement pot is an important number to know

  • The average annual income that people feel they need for retirement is £34,000, but the pot needed to generate this income would be close to £1 million

Despite years of effort by the financial services industry, most Brits are unwilling to even think about their longer-term savings, including higher earners. Pension savers now face unprecedented challenges, from the current global economic slowdown to historically low annuity rates, so financial advice is as essential as ever.


Are you on track?

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  • I have {{ depositStartFormatted }} in current savings edit
  • I am looking to save {{ depositAmountFormatted }} every {{ savingParams.depositFrequency }} edit
  • I will keep it linked to inflation edit
  • I will not link deposits to inflation edit
  • I will be saving for {{ savingParams.termLength }} {{ savingParams.term }} edit
  • I want it in a {{ savingParams.risk }} risk plan edit
  • Change your answers here if you want

We’ve designed our savings calculator to make it easy for you to work out whether or not you’re on track to meet your goals. Enter how much money you would like to save up then complete the remaining steps to see how close you are to your target.

Important information about the calculator

I am looking to save
I have in current savings
I am looking to save every
I will keep my {{depositAmountFormatted }} a {{savingParams.depositFrequency}}

What is inflation?
Inflation measures how much the costs of everyday goods and services go up over time and as a result, how much the value of money goes down. For example, in 1960 you could buy an average house for around £2,500, while today the average house price is nearly 100 times more expensive. That’s why investing your money can help preserve your long-term spending power.

So if you want to save up for something several years in the future, it might be worth linking your monthly savings above to inflation to give you a more realistic idea of how long it will take you to reach your goal. If your savings goal is shorter-term, you might choose to link your savings to today’s value.

I will be saving for
I would like to put my savings in a

Lower risk - This type of strategy may be attractive for people wanting to protect their savings while offering room for their money to grow. Investments in this category carry risk but seek to minimise it.
Medium risk - This type of strategy is designed to grow money steadily over the long term. These strategies carry risk, and usually invest in a mix of different assets to diversify the risks of investing while still growing investors’ money.
Higher risk - Higher risk strategies can be considered for investors seeking to grow their savings significantly over the long-term. While these strategies increase the opportunity for growth, investors must be able to cope with more significant falls in the value of their savings, while remaining focussed on their long-term goals.

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You will meet your target

You will fall short of your target

You will fall short of your target

Based on your data and our calculations you will save

{{totalFormatted}} after {{savingParams.termLength}} years

You’re on track to achieve your savings target. But simple changes to your saving and investing habits can help you reach your target more quickly or increase the size of the overall pot. Speak to our financial planners today. 

You're almost there – contact our financial planners and we'll make sure you're back on track in no time. You'll need to start saving a little more each month or give yourself a bit more time to reach your goals.

You're not yet on track to reach your goals, but our financial planners can talk you through your options. Consider saving more each month, changing your investment strategy or delaying your plans if you can. 

Talk to an expert

What’s your number?

You can find out more about the UK’s saving habits and what we think about investing in our latest research report.


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Thank you for your enquiry. You’re now a step closer to achieving your financial goals!
One of our investment experts will be in touch shortly or at the time you specified on the call back form.
If you would like to change the time of your call or if you would like to speak to someone immediately, please call 0117 975 2125 and one of our Wealthsmiths will be able to help.
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How can we help?

When it comes to financial planning, it’s vitally important to think realistically about your goals – and in particular about retirement. This will help you understand whether your current saving and investing habits are putting you on the right course to have a retirement fund that allows you to live the life you want.

For more than 100 years, Sanlam has been committed to helping people build a lasting financial future for themselves and their families by ensuring they’re able to navigate through life’s challenges calmly and confidently. Our aim is to understand the gap between where you are now and where you want to end up, and how to help you get there. We answer this complex and multi-faceted question with a more straightforward one: What’s your number?


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The value of investments and any income from them can fall and you may get back less than you invested.