1. Calculate how much annual income you think you would need when you retire. Remember to allow for inflation.

2. Now enter how much annual income you require upon retirement in the box below.

£

The total approximate retirement fund you will need:
£

We call this figure your personal retirement 'magic number'. Broadly, this is the size of the retirement fund you will need to have saved, based on current annuity rates, to provide the income you require when you reach age 65.