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.
Inputs
Assumptions
How your pension may grow and be used over time
Calculating projection…
Free UK pension calculator
This pension calculator helps you estimate how much you may need in your pension pot at retirement. It compares your target retirement income with your current pension savings, expected contributions, investment growth, inflation and State Pension assumptions.
The calculator is designed to answer common questions such as “how much pension do I need?”, “am I on track for retirement?” and “how long might my pension last?”.
Assumptions used
- Target retirement age starts at 57.
- Desired income is treated as net income, after simplified income tax.
- Tax uses a hidden personal allowance assumption of £12,570 and simplified England/Wales/Northern Ireland tax bands.
- State Pension is included by default using a simplified full new State Pension estimate and is assumed to increase each year with inflation. Actual entitlement may differ.
- Monthly pension contributions stop at retirement age.
- The chart shows a simple current projection and a separate target path; they are not blended together.
- This is illustrative, not financial advice.
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 financial advice?
No. This calculator is for general information and illustration only. It should not be relied upon as financial, pension, investment or tax advice.
Does the income target increase with inflation?
Yes. Your target net income is entered in today’s money and is increased each year by the inflation assumption to preserve spending power.