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Pension calculator

See what your pension could be worth when you retire. Compare growth assumptions, with fees and inflation taken into account.

Your pension

The total that lands in the pension each month, tax relief and employer money included.
What your pensions are worth today, all of them added up.

£280,615 in your pension at 67, in today's money

£160,034 if growth is 2%, £524,305 if it is 8%. £400 a month for 32 years, plus the £30,000 you have, growing at 2.2% a year after charges and inflation.

At 4% a year that pays £11,225, or £23,772 with the full State Pension.

When can I retire? Add your pay there to see the share of salary that lets you stop at 67.

About you

How long the money has to grow starts from here.
The age you stop paying in and start drawing. A pension can be drawn from 57 from April 2028.

More detail

State Pension counted

Assumptions

5% growth, 2% inflation, 0.75% charges, 4% drawn
Investment return before inflation and charges; the FCA uses 5% for pension illustrations.
Rising prices; the Bank of England target is 2% and the 2022 peak was 11.1%.
What the pension provider takes each year; the workplace pension cap is 0.75%.
How much more you pay in each year above inflation, for example as your pay rises; 0 means the same amount in today's money.
The share of the pot drawn each year in retirement; 4% is the classic rule of thumb.

These rates are assumptions for the calculation. Growth is before fees and inflation; results are shown in today’s money. A higher growth rate or withdrawal rate makes the target easier to reach on screen, but does not make it more likely. No withdrawal rate guarantees your money will last.

Projected pension pot in today's money from age 35 to 67, kept in cash and investedCentral £280,615, low £160,034, high £524,305, in cash £183,600 at 67.£0£281k£600k3540506067High, £524kCentral, £281kIn cash, £184kLow, £160k
Today's money. Central line at 5% growth, 2% inflation and 0.75% charges. Band from 2% to 8% growth, the low and high rates the FCA sets for pension illustrations. The dashed line is the same money kept in cash at no real return.

Invested at the central rate rather than kept in cash, that is £97,015 more by 67.

What it could pay, and where the money comes from
What the central pot could pay each year, plus the full new State Pension of £12,548 from State Pension age
Withdrawal rateFrom the pensionWith State Pension
3.0%£8,418£20,966
3.5%£9,822£22,369
4.0%£11,225£23,772
Where the money comes from, central case
Paid in over 32 years, including today's pot£183,600
Growth after charges and inflation£97,015
Pension pot at 67£280,615
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