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 alongside the full new State Pension. 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 an illustrative return and show a rough retirement income a year, with the full new State Pension added as a placeholder.
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 at an illustrative annual return each month up to that age, 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, and adds the full new State Pension figure as a placeholder.
Worked example
A £20,000 pension pot today with £200 added each month, for someone aged 40 picturing retiring at 67, on the calculator's default illustrative return. The calculator projects the illustrative pot at 67, splits it into contributions and growth, and shows a rough yearly income from the pot plus the State Pension.
The return is an assumption that can go down as well as up, and the withdrawal rate is a rule of thumb, not a safe or guaranteed income. The State Pension figure is a rounded placeholder — not everyone gets the full amount. It isn't pension advice.
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?
It adds the full new State Pension as a placeholder alongside the income from your pot. Not everyone qualifies for the full amount, so check your own forecast on GOV.UK — the figure here is a rounded illustration, not your personal entitlement.
Is the projected return guaranteed?
No. The growth rate is an illustrative assumption you can change, not a promise. 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.