UK Pension Calculator

Plan your retirement, estimate how much you need to save, and see if you're on track for a comfortable retirement income including your State Pension forecast.

Important Disclaimer: This calculator is for informational purposes only and should not be considered as financial advice. Pension regulations, tax rules, and investment returns may change over time. Consult with a qualified financial advisor for personalized retirement planning guidance.

Personal Details

Current Savings & Contributions

Current Pension Pot (£)

Monthly Contributions (£)

Employer Contribution (%)

UK minimum auto-enrollment is 3%

Expected Annual Growth Rate (%)

Typically 4-6% for a balanced portfolio

Annual Investment Fees (%)

UK average is 0.5-1% per year

Retirement Income Needs

Required Income (% of current salary)

Most experts recommend 60-80%

Current Annual Salary (£)

Expected Annual Salary Growth (%)

NI Contribution Years (so far)

35 years needed for full State Pension

Include State Pension in calculations

Retirement Summary

Projected Pension Pot at Retirement

£0

Retirement Age

0 years old

Retirement Duration

0 years

Monthly Retirement Income

£0

(0% of your target)

Target Monthly Income

£0

Income Shortfall/Surplus

£0 per month

Income Breakdown

Income Sources (Monthly)

Personal Pension: £0
State Pension: £0
Shortfall: £0

State Pension Details

Based on your 0 qualifying years:

You are eligible for 0% of the full State Pension

Current full State Pension: £203.85 per week (£10,600 per year)

Pension Growth Projection

Key Growth Metrics

Years to Retirement

0 years

Monthly Contributions

£0

Your Contributions

£0

Employer Contributions

£0

Investment Growth

£0

Investment Fees

£0

What-If Scenarios

Increase Contributions

If you increase your monthly contribution by £100:

Your pension pot would be £0
Monthly income would be £0
That's 0% more

Retire Later

If you retire 3 years later:

Your pension pot would be £0
Monthly income would be £0
That's 0% more

Better Investment Returns

If your investments grow 1% faster per year:

Your pension pot would be £0
Monthly income would be £0
That's 0% more

About This Calculator

Understanding UK Pensions

The UK pension system has three main components:

State Pension: A regular payment from the government that you can claim when you reach State Pension age. Currently £203.85 per week (£10,600 per year) for those with 35+ qualifying years of National Insurance contributions.
Workplace Pensions: Set up by employers, both you and your employer contribute. Minimum total contribution is 8% (with at least 3% from employers).
Personal Pensions: Private pensions you set up yourself with a provider.

Tax Benefits

Pension contributions receive tax relief at your highest rate of income tax. Most pensions qualify for 25% tax-free cash at retirement, with the remainder taxed as income.

How This Calculator Works

This calculator uses compound growth calculations to project how your pension savings will grow over time. It considers:

Your current pension savings
Regular contributions from you and your employer
Expected investment returns (minus fees)
Inflation adjustments for future purchasing power
State Pension entitlement based on NI contribution years

Key Assumptions

The pension income is calculated using a 4% annual withdrawal rate, which is a common rule of thumb for sustainable retirement withdrawals
The calculator uses current State Pension rates and rules, which may change over time
Investment returns are assumed to be constant, though actual returns will fluctuate