MillionCalc - AI Apocalypse Calculatorwhat will you do if AI wipes out all the jobs?


Enter your Age Now
Enter your State Retirement Age
Age you can access your Private Pension
What is your Starting Pension Pot?

How much do you currently have in your pension?
What is your Starting ISA Pot?

How much do you currently have in your Stocks & Shares ISA?
Starting Year is
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Your monthly Take Home Salary?
Your monthly Pension Payments?

This includes your employer contribution + your contribution
Your monthly Living Expenses

total for : Rent, Food, Phone, Internet, Car, etc
Salary remaining for savings

this is how much extra you could save per month into an ISA
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How many years until the Apocalypse?
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Scenario
State Pension per month

Click on any line to view more detailed information.

 

Pension ISA Total of
# Year Age Monthly Interest Starting Pot Yearly Monthly Interest Starting Pot Yearly Pension
Deposit % Gain Deposit % Gain & ISA

Your options are now:

  • Live off the interest from your PRIVATE pension
  • Live off the interest from your ISA

Pension

@  %    

ISA - assuming you've been living off the interest, and the pot continued to grow

@  %    

 Deduct tax @ %

TOTAL:

However, you will only be entitled to a full STATE pension if you have paid enough N&I contributions

Pension ISA Total With State
Withdrawl Pension
Rate % Year / Month Year / Month Year / Month Month

 Deduct tax @ %

Tips

  1. Will your job be replaced by AI? Here are the roles most affected
A Modern Guide to Retirement Withdrawals
For a long time, the 4% Rule was the standard for retirement. It suggested that if you withdrew 4% of your savings each year, your money would last for 30 years. However, many experts now believe this rule is outdated or even "dangerous" because the economy is so unpredictable.
While some still argue for higher rates, many researchers now suggest a safer withdrawal rate is between 3% and 3.3%. Because of this uncertainty, many retirees are switching to a more flexible method called the Bucket Strategy.
The Bucket Strategy Explained
Instead of taking a flat percentage from all your investments at once, this strategy divides your money into three "buckets" based on when you plan to spend it.
The Short-Term Bucket (Cash): This is for your immediate needs. It holds liquid cash in checking or savings accounts to cover your monthly bills and emergencies for the first year or two.
The Medium-Term Bucket (Stability): This is for money you will need in the next 5 years. It is kept in low-risk investments, like bonds, to pay for things like home repairs or medical expenses.
The Long-Term Bucket (Growth): This money is for the distant future (5+ years away). It is invested in stocks or real estate. Because you don’t need this money right away, it has time to grow and recover if the stock market goes down.
Why This Works
The main goal of the bucket strategy is protection. By having your immediate expenses covered by the "Cash Bucket," you won't be forced to sell your stocks when the market is low. This gives your long-term investments the best chance to compound and grow over time.
Key Recommendations
Use High-Yield Accounts: For your short-term cash, look for accounts that offer higher interest so your money keeps some of its value.
Diversify: Don't put all your eggs in one basket. Using a mix of cash, bonds, and real estate can help protect you against market changes.
Plan Carefully: Managing these different buckets can be complex. It is often helpful to work with a financial planner to decide exactly how much money should go into each category based on your specific goals.