Pension Calculator
See what your pension pot could grow to, how much income it might give you, and how the State Pension adds to it.
Your pension
Shown in today's money, so it's comparable with prices now. Growth is not guaranteed and pension income is taxable. You need 35 qualifying NI years for the full State Pension.
How the forecast works
- Your pot and your monthly contributions (yours plus your employer’s) grow at the rate you choose.
- At retirement, 25% can be taken as a tax-free lump sum.
- The rest provides income at 4% a year (drawdown).
- The full new State Pension of £12,547.60 a year is added if you choose.
Today’s money vs future pounds
£300,000 in 30 years will not buy what £300,000 buys today. Showing results in today’s money takes off inflation, so you can compare the income with your current costs.
How much do I need?
The Retirement Living Standards from Pensions UK (formerly the PLSA) suggest a single person needs about £13,900 a year for a minimum retirement, £32,700 for a moderate one and £45,400 for a comfortable one (2026 figures, after tax). Couples need about £22,500, £45,400 and £62,700.
Projections are illustrations, not guarantees. Investments can fall as well as rise. Free guidance is available from MoneyHelper and Pension Wise.
Sources
Figures are checked against these official sources. Last reviewed 7 November 2026.
Common questions
How much is the State Pension in 2026/27?
The full new State Pension is £241.30 a week, or £12,547.60 a year. You need 35 qualifying years of National Insurance for the full amount and at least 10 years to get any.
How much should I pay into my pension?
A common rule of thumb is to halve your age when you start saving and pay that percentage of your salary in, including your employer’s share. Auto-enrolment minimums are 8% in total, with at least 3% from your employer.
How much can I take tax-free?
Usually 25% of your pension pot, up to the lump sum allowance of £268,275. The rest is taxed as income when you take it.
When can I access my pension?
You can usually access private and workplace pensions from age 55, rising to 57 from April 2028. State Pension age is currently 66, rising to 67 between 2026 and 2028.
What is the 4% rule?
It suggests you can take about 4% of your pot each year with a good chance of it lasting through retirement. It is a guide, not a guarantee.