Retirement calculator

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  • Change your answers here if you want

Many people don’t think about retirement until it’s too late, so it’s important to put a plan in place as soon as possible. Use our retirement calculator to check if you have got enough retirement savings and if you’re on track to have the financial freedom you want in later life.

I am looking to save
I have in current savings
I am looking to save every
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What is inflation?
Inflation measures how much the costs of everyday goods and services go up over time and as a result, how much the value of money goes down. For example, in 1960 you could buy an average house for around £2,500, while today the average house price is nearly 100 times more expensive. That’s why investing your money can help preserve your long-term spending power.

So if you want to save up for something several years in the future, it might be worth linking your monthly savings above to inflation to give you a more realistic idea of how long it will take you to reach your goal. If your savings goal is shorter-term, you might choose to link your savings to today’s value.

I will be saving for
I would like to put my savings in a

Lower risk - This type of strategy may be attractive for people wanting to protect their savings while offering room for their money to grow. Investments in this category carry risk but seek to minimise it.
Medium risk - This type of strategy is designed to grow money steadily over the long term. These strategies carry risk, and usually invest in a mix of different assets to diversify the risks of investing while still growing investors’ money.
Higher risk - Higher risk strategies can be considered for investors seeking to grow their savings significantly over the long-term. While these strategies increase the opportunity for growth, investors must be able to cope with more significant falls in the value of their savings, while remaining focussed on their long-term goals.

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You will meet your target

You will fall short of your target

You will fall short of your target

Based on your data and our calculations you will save

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You’re on course to achieve your financial target. But our financial planners might be able to get your there more quickly. Speak to us about how we can help you secure a comfortable retirement.

You’re almost there – contact our wealth planners who’ll help ensure you retire in style. Retirement is within reach! You're almost on course for retiring when you want but may need to increase your monthly contributions just to be sure.

You may need to rethink your goals, but we’ll help you put a plan in place. You're at risk of not having enough money for your retirement. Options include working for longer, contributing more to your pension or rethinking your investment strategy. 

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You can find out more about the UK’s saving habits and what we think about investing in our latest research report.


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  • Important information about the calculator

    These figures are only illustrative and provide only a simple snapshot of your investments.  It is not a personal recommendation based on your individual financial circumstances. The illustration is no substitute for regulated financial advice.

    The value of investments and any income from them can fall and you may get back less than you invested. Past performance is no guide to future returns.

    This illustration shows the potential value of your investments in today's prices, adjusted for inflation.  We assume inflation to be 2% per annum.

    Other financial assumptions are

    • 2% Low growth rate before inflation

    • 5% Mid growth rate before inflation

    • 8% High growth rate before inflation

    • 0.5% Annual investment management charge

    The level of contributions, investment returns, management charges, tax factors, inflation and period of investment will all affect the value of your investments.  As such, these figures are not guaranteed.

    These figures do not take account of income tax, including tax relief on pension contributions, capital gains tax or pensions annual or lifetime allowances. No account is taken of any State Pension you may be entitled to.

When you think about your retirement, there are a range of important numbers you should think about. At what age would you like to retire? What’s the monthly income you’ll need to support your new lifestyle? How large will your pension fund need to be to generate this income?

With people living longer than ever, pension pots now need to last for an average of around 22 years. Pension savers are now also facing unprecedented challenges such as low annuity rates and an uncertain outlook for investment returns. As a result, it’s never been more important to have a strategy in place to allow you to live out your later years in comfort, safe in the knowledge that you can maintain your financial independence.

How much do you need to retire?

When planning for retirement, it’s important to carefully consider the quality of life you’re expecting when you stop working, as well as your financial goals. Our financial planners can help, whatever your aim – whether it’s having enough money to pay for a regular family holiday, helping your grandchildren buy their first home or contributing towards wedding costs.

We can also help you consider how your circumstances may change in the years ahead. For example, you may need to factor in the potential costs of providing care in later life as well as how much you’d like to leave to your loved ones.

Working towards your goals

We can help you plan for your retirement, whatever your stage in life. We’ll talk to you about your aspirations and then guide you through the most appropriate investment strategies for your situation. Our technical expertise can assist with consolidation projects if your pension arrangements are more complex.

Our financial planners will help you explore the options for taking benefits from your investment fund along with the tax implications when you’re approaching retirement. We’ll find the solution that best meets your needs and circumstances – from buying an annuity or fixed protection policy to drawing down capital, writing a scheme pension or initiating a small administered scheme transfer.

One of the most effective ways to improve your financial security for later life is by topping up your pension. Whether you’re planning to contribute to a final salary scheme, self-invested personal pension (SIPP),  stakeholder or personal plan, our financial planners can guide you through the process.

You can also combine your pension with other savings vehicles, such as ISAs, and assets, such as property, to maximise your funds for retirement. Whether you’re boosting your contributions on a regular basis or have a lump sum to invest, we’ll give you all the guidance you need to make an informed decision.


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The value of investments and any income from them can fall and you may get back less than you invested.