Pension Calculator

Find out how much money you will need in retirement and how much you should pay into a pension each month to achieve this.
Pensions
Calculate

To achieve your target pension income of £xxxxx
- you may require a pension fund of £xxxxx.

Assuming a growth rate of 7% in the years up to retirement:
- your current pension fund could equal £xxxxxx
- requiring an additional £xxxxx to reach your target

Your target could be achieved with monthly contributions of:
£xxxxxx or £xxxx plus tax relief @ 20%

Please note:

For the above calculation we have assumed a 7% growth rate, and a pension annuity income rate of 6%. Basic rate taxpayers will attract 20% tax relief when contributing to a pension, while higher rate tax payers may attract 40% tax relief.

We've assumed that the RPI rises by 2.5% every year. Normally inflation would reduce what this could buy when you come to retire.

Tax rules can change. The value of an investment is not guaranteed and can go down as well as up depending on investment performance (and currency exchange rates where a fund invests overseas). You could get back less than you invested.

This calculator is for illustrative purposes only. You should review your needs with a financial adviser before investing.