⚠️ Disclaimer: This calculator provides estimates only and does not constitute financial advice. Pension values depend on investment performance, charges, tax rules, and legislation — all of which can change. State Pension figures use 2025/26 rates. Annuity rates are indicative. Consult a qualified financial adviser before making pension decisions. Past performance does not guarantee future results.
Checking if you're saving enough. Most people drastically underestimate how much they need in retirement. This calculator shows your projected pension pot and what monthly income it's likely to generate, helping you see if you're on track or need to increase contributions.
Deciding between drawdown and annuity. When you retire, you can take a flexible income (drawdown) or buy a guaranteed income (annuity). The calculator projects both so you can compare. Annuities give certainty; drawdown gives flexibility but your money could run out.
Planning your retirement age. Wondering if you can retire early? See what difference working a few more years makes to your pot. The state pension age tab shows when you'll qualify for the state pension, which for many people is much later than they expect.
A typical pension fund invested mostly in shares might return 4–6% above inflation over the long term. The calculator defaults to a realistic rate, but you can adjust it. Remember: past performance doesn't guarantee future returns, and higher growth assumptions mean higher risk.
The state pension age is currently 66 and rising. It's scheduled to reach 67 by 2028 and 68 by 2046. The calculator uses current government timetables, but be aware these could change. the state pension age has been increased several times already.
The lifetime allowance was abolished in April 2024 and replaced with a lump sum allowance of £268,275 and a lump sum death benefit allowance. There is no longer a cap on the total amount you can save in your pension, though tax-free cash is limited.
Yes, the calculator accounts for the 25% tax-free cash option. When projecting drawdown or annuity income, it factors in that a quarter of your pot can be taken tax-free, with the remainder taxed as income.
No. This calculator provides estimates for illustration only. Pension projections depend on investment returns, inflation, tax rules, and your personal circumstances. all of which can change. Always consult a qualified financial adviser before making pension decisions.
Yes. All calculations run in your browser. Your pension details never leave your device.
Pension projections from your provider are often optimistic and don't account for inflation or the real purchasing power of your pot at retirement. This calculator lets you adjust growth rates, contribution levels, and retirement age so you can model different scenarios.
It's private, works offline, and doesn't require an account. No pension company will contact you after using it. unlike many "free" pension checkers that are really lead-generation tools.
🍪 This site may use cookies for analytics. You can accept or reject personalised advertising.