How much do I need to retire at 60 in the UK?
At 60 your private pensions are accessible (the minimum age is 57), so there's no pension lock-up to bridge — but the State Pension is still seven years away at 67. So a retire-at-60 plan self-funds ages 60–67 from your pot and pensions, then the £12,548/year State Pension arrives on top. As a rule of thumb you need about 25× your spending (≈ £0.81M for £30,000/year, £1.36M for £50,000/year) — a bit less than retiring at 50, because it's a shorter, fully-accessible retirement.
No pension bridge — but mind the State Pension gap
Retiring at 60 is simpler than 50 or 55: your SIPP and workplace pensions are already unlocked, so you're not funding a locked-pension bridge. The planning question shifts to drawing your pension tax-efficiently (25% tax-free, then the personal allowance and basic-rate band) across ages 60–67, before the State Pension lifts a chunk of your income need from 67.
How much you need at 60
| Spending (after tax) | Portfolio needed |
|---|---|
| £30,000 / year | £0.81M |
| £40,000 / year | £1.08M |
| £50,000 / year | £1.36M |
| £60,000 / year | £1.63M |
| £80,000 / year | £2.19M |
Portfolio-only. Counting your State Pension and any DB pension (which the calculator does) can cut the pot you actually need noticeably.
Model your own numbers — ISA/SIPP split, the bridge to 57, Monte Carlo and more.
Open the free UK FIRE calculator →Frequently asked questions
How much do I need to retire at 60 in the UK?
Roughly 25× your after-tax spending — about £1.08M for £40,000/year — before counting your State Pension, which arrives at 67 and reduces the pot you need.
Can I access my pension at 60?
Yes — the minimum pension age is 57, so at 60 your SIPP and workplace pensions are accessible. Only the State Pension (at 67) is still to come.
Do I need less to retire at 60 than at 50?
Usually yes — it is a shorter retirement with no locked-pension bridge, and the State Pension is closer, so the pot required is typically lower for the same spending.
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InflectionFI is an educational planning tool, not financial or tax advice. Figures are estimates based on your inputs and stated assumptions. Verify your situation with a qualified adviser.