Mechanical stacking of a thin film perovskite-based solar cell on top of crystalline Si (cSi) solar cell has recently attracted a lot of attention as it is considered a viable route to overcome the limitations of cSi single junction power conversion efficiency. Effective light management is however crucial to minimize reflection or parasitic absorption losses in either the top cell or in the light in-coupling of the transmitted light to the bottom sub-cell. The study here is focused on calculating an optimum performance of a four-terminal mechanically stacked tandem structure by varying the optical property and thickness of the spacer between top and bottom sub-cells. The impact of the nature of the spacer material, with its refractive index and absorption coefficient, as well as the thickness of that layer is used as variables in the optical simulation. The optical simulation is done by using the transfer matrix-method (TMM) on a stack of a semi-transparent perovskite solar cell (top cell) mounted on top of a cSi interdigitated back contact (IBC) solar cell (bottom cell). Two types of perovskite absorber material are considered, with very similar optical properties. The total internal and external short circuit current (Jsc) losses for the semitransparent perovskite top cell as a function of the different optical spacers (material and thickness) are calculated. While selecting the optical spacer materials, Jsc for both silicon (bottom cell) and perovskite (top cell) were considered with the aim to optimize the stack for maximum overall short circuit current. From these simulations, it was found that this optimum in our four-terminal tandem occurred at a thickness of the optical spacer of 160 nm for a material with refractive index n = 1.25. At this optimum, with a combination of selected semi-transparent perovskite top cell, the simulated maximum overall short circuit current (Jsc-combined, max) equals to 34.31 mA/cm2. As a result, the four-terminal perovskite/cSi multi-junction solar cell exhibits a power conversion efficiency (PCE) of 25.26%, as the sum of the perovskite top cell PCE = 16.50% and the bottom IBC cSi cell PCE = 8.75%. This accounts for an improvement of more than 2% absolute when compared to the stand-alone IBC cSi solar cell with 23.2% efficiency.