TL;DR
The full new state pension is £230+/week (£12,000/year) at age 67, inflation-linked via the triple lock. It's worth roughly 15× the annual amount as a present-value contribution to your FIRE plan.
In short
Factor it in if you have at least 30 years of National Insurance contributions. Reduce your required portfolio by 15× annual state pension, but only deduct the post-67 portion of your expenses. Our simulator can model this.
We're working on a full deep-dive for this article — including historical data, charts, and worked examples. In the meantime, you can run a free simulation to explore the underlying numbers yourself.
Frequently asked questions
- How do I check my state pension forecast?
- gov.uk has a free forecast service. You'll need a Government Gateway account. The forecast shows your projected weekly amount based on current NI contributions.
- Is the triple lock guaranteed?
- It's political policy, not law. Successive governments have honoured it but reform has been discussed multiple times. Conservative planners assume CPI-only uprating rather than triple lock.
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