Dream Life Calculator
Income Sources
Income Source
Amount
Frequency
Monthly
Actions
£0.00
£0.00
Enter your expenses below. All amounts will be converted to monthly and annual equivalents.
Essential Needs
Expense
Amount
Frequency
Monthly
Actions
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
Lifestyle Wants
Expense
Amount
Frequency
Monthly
Actions
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
Savings / Future You
Expense
Amount
Frequency
Monthly
Actions
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
Your Complete Lifestyle Costs. These totals reflect your current monthly and annual spending. Percentages next to Needs/Wants/Future show their share of your monthly income. Guidelines: 50/30/20 (Needs 50%, Wants 30%, Future 20%) or a modern 65/20/15 split.
Essential Needs:
£0.00(0%)Targets shown when calculated.
Annual Needs:
£0.00
Lifestyle Wants:
£0.00(0%)Targets shown when calculated.
Annual Wants:
£0.00
Savings / Future:
£0.00(0%)Targets shown when calculated.
Annual Savings:
£0.00
Total Monthly Cost:
£0.00
Total Annual Cost:
£0.00
Total Monthly Income:
£0.00
Annual Income:
£0.00
Net Monthly Difference (Income - Expenses):
£0.00
Your Savings Rate:
0%
Retirement Savings Target
⚠️ Note: All amounts shown are in today's pounds. Remember inflation will reduce purchasing power over time. Consider increasing your targets by 2-3% annually.
Based on your annual spending of £0.00, you'll need:
20× Multiple A 5% withdrawal rate. This aggressive approach assumes higher risk or shorter retirement. £1 annually for every £20 saved.
£0.00
Conservative estimate25× Multiple Based on the 4% rule (Trinity Study). £1 annually for every £25 saved. Adjust for inflation.
£0.00
Recommended targetRetirement Lifestyle Tiers These tiers represent different retirement lifestyles based on UK research. Minimum covers basic needs, Moderate adds some flexibility, Comfortable includes regular leisure activities, and Dream allows for luxury spending and travel.
Minimum: £58,000 (single) / No additional for a couple Covers all your needs with some very basic wants. You'll have a no-frills retirement with state pension support.
Basic needs covered with state pension
Moderate: £390,000 (single) / £400,000 (a couple)A more comfortable retirement with some leisure activities and occasional holidays, but still budget-conscious.
No-frills life with some flexibility
Comfortable: £650,000 (single) / £720,000 (a couple) A comfortable retirement with regular leisure activities, holidays, and the ability to replace household goods when needed.
Travel and breathing room
Dream: £1M+ Your ideal retirement lifestyle with luxury spending, frequent travel, and the ability to help family members financially.
Your ideal lifestyle
Ways to Build Your Pot
1. Pensions
- Maximize workplace pension contributions
- Open a private SIPP pension
- Take full employer matching
2. Investments
- Global index funds (set-and-forget)
- Dividend-paying stocks
- Tax-efficient ISAs
3. Property
- Rental property income
- Downsizing your home
- Relocating to lower-cost areas
4. Side Hustles
- Freelance/consulting work
- Passive income streams
- Part-time work in retirement