Retirement Calculator

Use our free retirement calculator to check your pension forecast and ensure you are on track to meet your retirement goals.

Are you saving enough for retirement?

If you are planning for the future, knowing how much your pension pot could be worth when you retire is essential.

Our free retirement calculator can help you estimate how much income you'll have when you retire — and whether it will be enough to support your lifestyle.

Our retirement calculator can help you:

Estimate how much you'll need in retirement
See if you're on track with your current savings
Explore how changes to savings, retirement age, or returns affect your outcome
Understand potential income shortfalls before it's too late

Adjust the values to see how small differences today can have a big impact on your financial future.

Currency

Your current age

years

Target retirement age

years

Current pension pot

Total you’ve already saved in GBP.

Monthly contribution

What you plan to contribute each month.

Target annual income

per year

Estimated annual return (nominal)

5.0%

Annual fees

0.5%

Range 0–4% per year.

Include State Pension

Adds £11,973.00 per year when included.

With your current savings, you could receive

£28,429.60 per year until age 95.

In today’s value that’s around £15,085.69 per year.

To reach your target of £31,300.00 you’d need to deposit £52.80 per month into a pension.

So, are you on track for the lifestyle you want?

£14,400.00 per year

Most needs covered, some left over for fun.

£28,429.60 per year

Your projected annual income

£31,300.00 per year

More financial freedom, more fun and security.

£43,100.00 per year

A comfortable and secure retirement with luxuries.

Projected pot over time

Your pension pot could be £447,563.58 at age 67. In today’s value that’s an annual pension of around £15,085.69.

Assumptions underlying our calculation

Inflation assumption is CPI of 2%.
Figures are for a single-life pension without increases for inflation, paid annually in advance.
Investment return uses your selected annual return minus fees (nominal net).
Contributions are added monthly until retirement; growth compounded monthly.
Excludes UK State Pension of £11,973 per year (as of 2025) when toggled on.

Important Information

Our retirement calculator is provided for informational purposes only and is not intended as financial advice. These are estimates and should not be relied upon as a guarantee of future outcomes.

Our calculator only considers the UK State Pension money purchase pensions (defined contribution pensions).

The State Pension is paid when you reach a predetermined age. The State Pension age will increase from 66 to 67 between 2026 and 2028, and to 68 between 2044 and 2046.

Calculations assume you will receive the full State Pension. How much you actually get will depend on how many qualifying years you have on your National Insurance Contribution record.

Results from the retirement calculator are based on several assumptions and user inputs.

Pension values are based on investment performance, meaning their value can increase and decrease year to year. Inflation rates, life expectancy, retirement age and tax treatment can also impact your pension value.

Please consult a qualified financial adviser to review your financial situation and develop a tailored retirement plan.

The figures provided are estimates based on the inputs and assumptions selected. Actual returns may vary depending on changes in interest rates, tax implications, fees and market performance.