Step 5 · Planning
Goals & Planning
Sarah Mitchell · Planning in progress
Financial Goals
Retirement
Target: £1,200,000
Retirement at age 65
Maintain current lifestyle in retirement · Target date: 15 March 2039
£460,000 funded of £1,200,000 target
· Funding gap: £740,000
Monthly contribution
£4,744
Annual contribution
£56,928
House Deposit
Target: £60,000
House Deposit
Next rung on the housing ladder · Target date: 1 March 2029
£45,000 funded of £60,000 target
· Funding gap: £15,000
Monthly contribution
£1,500
Annual contribution
£18,000
Education Funding
Target: £40,000
Education Funding — Emma
Fund daughter's university costs · Target date: 1 September 2027
£0 funded of £40,000 target
· Funding gap: £40,000
Monthly contribution
£1,667
Annual contribution
£20,000
£795,000
Total funding gap
Across 3 goals, Sarah needs to bridge a total gap of
£795,000 over the planning period.
Portfolio modelling on the next step will identify the optimal strategy.
Financial Snapshot
Total Pension Value
£460,000
Cash Savings
£45,000
ISA Holdings
£80,000
Monthly Income
£10,583
Annual Surplus
£30,000
Adviser Notes
Annual surplus available
£30,000 / year
Existing pension contributions
£1,700 / month
State pension + DB NHS
£45,000 pa from age 65
Action required
Education fund (£40k) fully unfunded. Prioritise before house deposit milestone.