Finance & Irish taxes
Retirement independence target Calculator
Estimate invested capital needed to cover an annual spending gap. This free retirement independence target calculator shows the calculation and its assumptions so you can compare your own figures.
Your results
Estimate invested capital needed to cover an annual spending gap.
Calculated outcomes
- Annual Funding Gap
- €22,000.00
- Funded Percent
- 23.86%
Assumptions and estimates
- A planning multiple, not a guaranteed safe withdrawal rate. Use spending and reliable income on the same after-tax, inflation-adjusted basis. Market sequence risk, longevity, pension access rules and fees require separate consideration.
- Method: Divide spending less reliable income by an assumed annual withdrawal percentage.
- Withdrawal percentage is a planning assumption, not a guaranteed safe rate. Use consistent after-tax real amounts.
Useful next steps
- Use Compare options to test an alternative side by side.
- Copy, print or download a record of this calculation when you need one.
Reports open your email app addressed to s@s1.ie with the public page address only. Your inputs are never added.
How the retirement independence target calculation works
Divide spending less reliable income by an assumed annual withdrawal percentage.
Withdrawal percentage is a planning assumption, not a guaranteed safe rate. Use consistent after-tax real amounts.
Using this calculator
- Enter your own figures in the labelled inputs. Keep the currencies, units and time periods consistent.
- Choose any applicable rate profile, pattern or assumption shown for this tool. Open additional inputs when relevant.
- Review target fund and additional capital needed, then read the stated assumptions and eligibility conditions before using the result.
Worked example
This is a static example using illustrative inputs, not facts about you or today’s date. The displayed eligibility selections and assumptions apply only to this example.
See example inputs
- Annual after-tax spending (€)
- 36000
- Reliable annual after-tax income (€)
- 14000
- Assumed withdrawal rate (%)
- 3.5
- Current available investments (€)
- 150000
- Target Fund
- €628,571.43
- Additional Capital Needed
- €478,571.43