“The Regulated advice calculator helps you work out how much you may need to put into a private pension to reach your desired retirement income in the UK. Check if your savings are on track and explore ways to grow your pension pot.”
Let me know if you’d like it to sound more formal, casual, or in a different tone!
To use the pension calculator simply enter:
Your age
The age you want to retire
Your gross income
Your existing pension savings
Your preferred tax-free cash lump sum amount
Your monthly contributions
The results will show you how much your pension could be worth, your tax-free cash amount and your forecasted annual income in retirement.
Current age
18
My gross salary
Age I want to retire
67
My existing pension fund
Tax free cash
25%
Personal monthly contribution
5%
Personal monthly contribution
Employer monthly contribution
3%
Employer monthly contribution
Include state pension
Estimated pension value
Tax free cash
Estimated annual income
Estimated monthly income
Not enough for retirement
This is 0% of your current income. 66% is considered a comfortable income level for retirement.
0%
Comfortable retirement
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We make a few assumptions, such as:
Annual investment growth on your pension pot will be 5% (this is not guaranteed).
Annual inflation is, on average, 2% (this could be higher or lower).
You increase your pension contributions by 3% each year.
You will have average life expectancy from the age of 65.
You will access your pension using drawdown (there are other options you can explore).
You will take a steady income in retirement (no large lump sums than the 25% tax-free amount).
Please note this calculator does not account for income tax. You are entitled to take 25% of your pension pot tax-free, usually as a lump sum at the start. You can adjust the amount of tax-free cash you want to access in this calculator.
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Regulated Advisor has helped more than 10 million people find tailored pension advice.
Frequently asked questions
What is a pension calculator?
A pension calculator helps you estimate how much money you may have saved for retirement based on your income, contributions, and retirement age.
How do I use the pension calculator?
Simply enter your age, retirement age, current pension savings, monthly contributions, and expected retirement income to see an estimated pension forecast.
Can I adjust my pension contributions?
Yes! You can increase or decrease your monthly pension contributions to see how it may impact your retirement savings over time.
Is the pension calculator accurate?
The calculator provides an estimate based on assumptions such as investment growth and inflation. Actual pension values may vary depending on market performance and personal circumstances.
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