What is the Redundancy & Early Retirement Calculator?
The Redundancy & Early Retirement Calculator helps you work out whether redundancy could become a route into early retirement. It estimates your redundancy payout and compares three possible paths: retiring immediately, working part-time for a period, or continuing full-time work a little longer.
How the Calculator Works?
This calculator starts by estimating your net redundancy payment using either a known payout figure or statutory and enhanced redundancy assumptions. It then adds this to your existing assets and models what happens next under different scenarios.
You can compare:
- Retire now, using your redundancy payment and existing assets to fund the bridge to pension access and then retirement
- Work part-time for a while, reducing pressure on your assets while gaining more freedom immediately
- Work full-time a bit longer, allowing more time for savings and investments to grow before full retirement
The model tracks cash, ISAs, GIAs and pensions year by year in real terms. It applies a withdrawal order of cash, then ISA, then GIA, then pension once accessible. It also layers in DB pension income, State Pension and optional DC drawdown where relevant.
The result is a clear picture of whether each path is sustainable to your chosen end age, and if not, when the shortfall appears.
Step One: Enter Redundancy and Profile Details
Add your age, redundancy age, pension access age, State Pension age and either your net redundancy figure or the details needed to estimate it.
Step Two: Add Assets, Spending and Income
Enter your current cash, ISAs, GIAs, pensions, retirement spending and any income such as DB pension or part-time work.
Step Three: Compare Retirement Paths
Review the three scenarios to see whether you can retire now, semi-retire with part-time income or improve the outcome by working longer.
Disclaimer: This calculator provides illustrative projections only and does not constitute financial or tax advice. Redundancy terms, pension rules, returns and personal circumstances vary. Consider professional advice before making major retirement decisions.
What does retirement mean to you?
Traditional retirement is broken. Understand how our calculator enables you to live a better life now vs later.
Retire from corporate work?
Use the tool to utilise how you can step away from the corporate world and live life on your own terms.
Work less, live more
See how part-time or project-based work can bridge your income gap while giving you more time for life.
Freedom through planning
Understand how your savings, spending and investments can work together to buy back your time.
Test-drive retirement early
Model scenarios that let you experience elements of retirement before fully stepping away.
What is the Redundancy & Early Retirement Calculator?
It is a UK-specific planning tool that estimates redundancy pay and shows whether retiring now, working part-time or working a little longer gives you the strongest path into retirement.
What does this calculator help me decide?
It helps you decide whether redundancy could support immediate retirement, a part-time transition or a shorter path to full retirement.
Does it estimate redundancy pay automatically?
Yes. You can either enter a known net redundancy figure or provide the details needed to estimate statutory and enhanced redundancy.
What scenarios does it compare?
It compares retiring now, working part-time for a period, or staying in full-time work a little longer.
How are assets used after redundancy?
Withdrawals follow a tax-aware order: cash first, then ISA, then GIA, then pensions once accessible.
Does it include pension income?
Yes. You can include DB pensions, State Pension and DC drawdown from your chosen access age.
Can I use redundancy to pay off my mortgage?
Yes. The calculator allows for mortgage payoff as part of your redundancy allocation, which may reduce spending and improve long-term sustainability.
What is the bridge phase?
The bridge phase is the period between stopping work and accessing pension income. The calculator models whether your accessible assets can cover this gap.
Does it include a 4% benchmark?
Yes. You can view an optional 4% benchmark column to compare your drawdown against a common rule-of-thumb.
Can I export the full timeline?
Yes. You can download the complete year-by-year projection as a CSV file.
Is my data stored?
No. All calculations run in your browser. No personal financial data is sent anywhere apart from the optional email sign-up for CSV access.