Free calculator
Pension calculator
See an illustrative picture of what your pension pot could be worth at the age you choose to retire, from what you have now and add each month, turned into a rough yearly income. A State Pension is added only from your own GOV.UK forecast, never assumed. An illustration to explore on assumptions you can change, not a forecast or advice.
Tell us your pension pot, what you add each month, your age and when you'd like to retire. We'll grow the pot at three illustrative growth rates, in today's money and before fees, and show a rough retirement income a year from it.
This calculator, the result and the breakdown are free for everyone, no account needed.
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How it works
- 1Enter the total value of your pension pots today, and how much goes in each month, including any employer contributions.
- 2Enter your age now and the age you'd like to picture retiring at.
- 3The calculator grows the pot month by month to that age at three growth rates, Lower, Middle and Higher, the same as Blooom's Long view, before fees and in today's money, splitting the result into what you put in and the growth on top.
- 4It then turns the pot into a rough yearly income using a rule-of-thumb withdrawal rate. A State Pension is added only from your own GOV.UK forecast, never assumed.
Worked example
A £20,000 pension pot today with £200 added each month, for someone aged 40 picturing retiring at 67, at the Lower, Middle and Higher growth rates. The calculator projects the pot at 67 in today's money at each rate, splits the Middle figure into contributions and growth, and shows a rough yearly income from the pot.
Growth is an assumption that can go down as well as up, the figures are before fees, and the withdrawal rate is a rule of thumb, not an income you can count on. It isn't pension advice. These are projections and calculations, not a guaranteed return.
Frequently asked questions
How much will my pension be worth?
It depends on what you have, what you add, how long it grows and the return you assume. Enter your pot, monthly contribution and ages and the calculator shows an illustrative pot at retirement. It's a picture on assumptions, not a promise.
How much do I need to retire?
There's no single figure. It depends on the lifestyle you want and your other income, like the State Pension. This calculator shows the rough yearly income your pot could give, so you can picture how it adds up; it doesn't set a target for you.
Does this include the State Pension?
Only your own. A State Pension is added from your GOV.UK forecast when you have saved it in Blooom; without one, the calculator says it isn't included and links the forecast.
Is the projected return guaranteed?
No. It shows three growth rates, Lower, Middle and Higher, as assumptions, not promises. Real investment returns vary and can fall as well as rise, so treat the pot and income figures as a rough picture rather than a forecast. These are projections and calculations, not a guaranteed return.
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