bp Retirement Tracker

Are You on Track
for Retirement?

Your bp shares, your final salary pension and everything you've built alongside them add up to a number. This tracker tells you whether the retirement you have in mind is already within reach, and what it would take if it isn't.

Where You Stand Today

Answer with rough figures if you don't have exact ones to hand. The projection works on today's money, so enter what things are worth now rather than guessing at future values.

When would you like to retire?

Your age today
The age you'd like work to become optional

Your assets and income

The value of the bp shares you hold today
ISAs, your Aegon TargetPlan pension, other investments
The annual income due to you at age 60, in today's money
Rental income, dividends, anything else you expect to continue
Any cash that’s above and beyond what you need to keep in case of an emergency

Your target and what you're putting away

What the life you want costs each month, in today's money
Everything you invest each month, including pension contributions

What this projection assumes

  • Every income source rises with inflation
  • Your bp shares are reinvested into a diversified portfolio at retirement
  • Investments grow at 5% a year, cash grows at 1% a year, and inflation runs at 3% a year
  • Your desired income is set at the level it reaches on your retirement date and is then maintained in real terms
  • The State Pension starts at age 67 at £12,547.60 a year in today's money
  • Your bp final salary pension can't be taken before age 55, so it starts at retirement or age 55, whichever is later, and reduces by 4% for each year it's taken before age 60
  • Withdrawals run to age 100, at a safe withdrawal rate of between 3% and 4% depending on how long that is.
Important

This tracker gives an estimate for guidance only. It isn't personal advice or a recommendation, and it doesn't account for tax, charges or your own circumstances. Actual returns will vary and past performance doesn't guarantee future results. Please take professional financial planning advice before acting on anything you see here.