Retirement Income Replacement Target
Combine guaranteed pensions, side income, and drawdown plans to see what percentage of your current salary you can replace in retirement.
For planning insights only—work with a fiduciary adviser for personalised retirement decisions.
Examples
- $42,000 salary, $2,100 monthly pension, optional fields blank ⇒ Replacement rate: 60.00%
- $68,000 salary, $1,500 monthly pension, $600 other income, $27,840 annual withdrawals ⇒ Replacement rate: 78.00%
FAQ
What replacement rate should I target?
Financial planners often recommend 70%–80% of pre-retirement income, but the ideal rate depends on lifestyle, taxes, and debt obligations.
How do I include Social Security or public pensions?
Enter their expected monthly payment under other monthly income so the calculator annualises them with your private pension.
Can I model phased retirement income drops?
Yes—run multiple scenarios with different planned withdrawals or side income levels to reflect early vs. late retirement years.
What if my salary will grow before retiring?
Adjust the current salary field to the inflation-adjusted salary you expect at retirement so the ratio reflects future pay growth.
Additional Information
- Replacement rate compares projected retirement cash flow against the salary you earn today.
- Monthly income inputs are annualised automatically (×12) so you can mix pensions, annuities, and rental proceeds.
- Withdrawals represent systematic portfolio draws or cash buffers planned for each retirement year.