Pension Calculator

See how your pension pot could grow by retirement — including your employer's contribution, which is easy to forget is part of the picture.

The value of a pension can fall as well as rise, and this doesn't include your State Pension. The figures below are illustrative examples, not a forecast or guarantee.

Your pension details

State Pension age is currently rising toward 67–68, but you can access most workplace pensions earlier.

£

Add up any workplace or personal pensions you already have; the tracing service can help if you've lost track of old ones.

£

Include any tax relief your provider adds automatically.

£

Check a recent payslip if you're not sure, it's often a fixed percentage of salary.

These are example rates to compare scenarios, not a prediction of what your pension will actually return.

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Include annual charges (optional)
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Most workplace pensions charge somewhere around 0.3–0.75% a year; check your annual statement for the actual figure.

Estimated pot at age 67
£0

Based on the details you've entered

Contributions & current pot
Estimated growth
Current pot, carried forward £0
Total contributions (you + employer) £0
Estimated growth £0
Illustrative income, ~4% a year £0/yr
Growth over time

How your pot builds by age

Age 30 Age 67

What this doesn't include

  • Your State Pension. This calculator only covers workplace and personal pension pots: the State Pension is a separate, government-paid amount based on your National Insurance record. Check your own forecast on gov.uk.
  • Tax relief timing and higher-rate claims. Basic-rate relief is usually added automatically, but higher-rate taxpayers often need to claim the rest through a tax return; this isn't calculated here.
  • Changes in contributions or salary. This assumes the same monthly contributions all the way to retirement, which real careers rarely follow exactly.

About the illustrative income figure

The "illustrative income" above simply takes 4% of the final pot as a rough yearly amount: a commonly used guideline for how much might be sustainably drawn each year without running out too quickly. It isn't how an annuity is priced, and it isn't a guaranteed income. Actual retirement income depends on how you choose to take your pension, and options like annuities and drawdown work very differently. See our Pensions, actually explainer for how these options compare.

This calculator gives an illustrative estimate based on the figures and growth rate you choose; it isn't a forecast, a guarantee, or personalised advice. The value of pensions can fall as well as rise. For guidance specific to your situation, a regulated financial adviser or Pension Wise (free, for over 50s) can help.