Calculator
Pension Projection
Project a potential pension pot based on current savings, contributions, and a simple growth assumption.
Planning for retirement requires understanding how your pension pot may grow over time. Our pension projection calculator helps UK residents estimate their potential retirement savings based on current contributions, growth assumptions, and retirement timeline.
Who this is for
- •UK residents building their pension savings
- •Individuals approaching retirement who want to assess their position
- •Employees contributing to workplace or personal pensions
- •Self-employed individuals planning their retirement provision
- •High-earners seeking to optimise their pension planning
What you'll get
- •A projection of your potential pension pot at retirement
- •Understanding of how contributions and growth compound over time
- •Insight into the impact of employer contributions
- •A basis for retirement planning discussions
- •Clarity on whether additional planning may be beneficial
Frequently asked questions
What growth rate does the calculator assume?
The calculator uses a default 5% annual growth rate, compounded monthly. This is an illustrative assumption and not a guarantee. Actual investment returns vary based on market conditions, investment choices, and fees. Past performance does not indicate future results.
Are fees and charges included in the projection?
No, the projection does not account for management fees, platform charges, or other costs that may reduce your actual returns. These can have a significant impact over time, so it's important to factor them into your planning.
Does this consider the lifetime allowance or annual allowance?
No, this is a simple projection calculator. It does not account for pension tax allowances, contribution limits, or tax implications. Professional advice is essential to understand how these rules apply to your situation.
Can I use this for defined benefit pensions?
This calculator is designed for defined contribution pensions. Defined benefit schemes have different calculation methods based on salary and years of service. If you have a defined benefit pension, professional advice is recommended to understand your entitlements.
How should I interpret these projections?
These are illustrative projections based on assumptions. They provide a starting point for planning discussions but should not be relied upon as guarantees. Actual outcomes depend on investment performance, fees, inflation, and changes in legislation.
When should I seek professional pension advice?
Professional advice is recommended if you're approaching retirement, have multiple pension pots, are considering pension transfers, or need to understand tax implications. Early planning typically provides more options and better outcomes.
What if I want to retire earlier or later than planned?
Changing your retirement age significantly impacts your pension pot size and income. The calculator allows you to adjust this to see the effect. Professional advice can help you understand the trade-offs and plan accordingly.
Related service
For personalised advice tailored to your circumstances, explore our Financial Planning service.
Ready to discuss your situation?
Book a consultation