How much pension do I need to retire in the UK?
Estimate the pension pot you may need, compare it with your projected pot, and see how long your money may last.
Projection inputs
Life expectancy assumed to age 100.
Frequently asked questions about pension planning
How much pension do I need?
The amount depends on your desired retirement income, retirement age, current pension savings, monthly contributions, investment growth, inflation, State Pension and how long you need the money to last.
Is this forecast realistic?
It is an illustrative estimate using simplified assumptions. Actual investment performance, inflation, tax and pension rules can differ.
Does the income target increase with inflation?
Yes. Your target income is entered in today's money and increased each year using the inflation assumption.
Where could this income support retirement?
Once you have estimated a retirement income, you can explore which UK regions and featured locations could match your budget and lifestyle preferences.
Explore retirement locations →How this pension calculator works
This pension calculator starts with your desired monthly retirement income in today’s money, then estimates the future equivalent using your inflation assumption. It projects your current pension pot, monthly contributions and any one-off contribution to your chosen retirement age using your selected growth rate.
The calculator then compares your projected pension pot with an estimated target pot designed to support your income goal to age 100. Where selected, the model includes State Pension income from your chosen State Pension age and a 25% tax-free cash assumption during drawdown.
Outputs are illustrative only and depend on the assumptions entered. Actual pension values, investment returns, tax treatment, inflation and retirement income needs may differ.
Important: This calculator is for illustrative and educational purposes only. It does not constitute financial advice, pension advice, investment advice or tax advice. Results are estimates based on simplified assumptions and may not reflect your individual circumstances.