Secure Your Future

Pension Calculator

Make informed decisions about your future by seeing what your pension could be worth today.

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Your pension when you retire

£50,495

The value of your pension pot when you retire

£1,200

Your monthly income, including state pension

The age at which your non-state pension runs out

£50,495

The value of your pension pot when you are 70

Projected values are shown in real terms, meaning that we have factored in the effect of inflation at 2%. This is to show your retirement income in terms of today's purchasing power. To make your forecast more realistic, we assume your pension pot grows at 8% annually pre-retirement, and 4% after retirement, to reflect that typically your pension pot is invested more conservatively after retirement.

Common Questions

How does this forecast work?

What do I do with this forecast?

This forecast gives you a good idea of the level of income you can expect to have in retirement. The earlier you know, the better, and if your income is less than you are comfortable, increase your contributions. Our Wealthfare kit deals with this specifically.

Value is shown in real terms

This means the monetary values shown are in today's money, accounting for the impact of inflation. We assume that inflation is 2%.

We assume your investment profile changes with age

We assume that your investment grows at 8% every year before retirement, and 4% every year after retirement.

Why do you show pension pot value at age 70?

At age 70 it is common to buy an annuity rather than risk your pension running out early. At age 70, rates current in 2024 are around 8.0%, i.e. for a pot worth £100,000 you could buy a lifetime income of £8,000 per year.

Tax has an impact

Your retirement income is taxed when you withdraw it, but you have the option to receive 25% of it tax-free. You can choose whether to take 25% right at the start of retirement or spread it, so there is an important tax-planning opportunity to take advantage of.

Want to model your pension income more precisely?

If you are an Excel nerd and want to download a more powerful model where you can tweak more assumptions, like growing your contribution rate, or growth rate assumptions, get our Wealthfare kit which includes access to this, and a wider set of tools and support.

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