Retirement Planner

Building an investment for your future

This tool gives you a quick way to sense-check your retirement savings.

Why this matters

  • Starting earlier can make a bigger difference than many people expect
  • Retirement income often comes from more than one source
  • A quick check now can help you feel clearer about what to do next
Takes about 3 minutes. This is a rough estimate to help you think ahead. You can come back and adjust it later.

What we'll ask

  • Who the pension goal is for.
  • Your age and when you may want to retire.
  • The income you may want in retirement.
  • What pension income you already expect.

What you'll get

  • A rough view of any retirement income gap.
  • An indication of what extra saving could help.
  • A result you can revisit later.

Who is this pension savings goal for?

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How long will you be saving for?

The longer you save for, the more time your pension pot has to grow.

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How much pre-tax income do you want each year in retirement?

£

We've taken a guess based on your profile.

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  • You will be eligible for the full state pension each year when you reach state retirement age.

Already saving for a pension? Please tell us a bit about it

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£
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  • Any current pension pot will continue to grow over time, and that you won't reduce your contributions in the future.
  • The monthly contribution figure is the total contribution, including any tax relief.

These options might give you an annual retirement income of , which would be about each month (before tax)

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  • The values shown in this modeller have been adjusted to show the impact of inflation over time, which is why cash values may appear to fall.
  • Actual monthly contributions will be limited by individual circumstances.
  • Don't worry if any of this is not clear, your adviser will be able to help.

  • The value of your investment will be reduced over time by average inflation rate of and charges of .
  • Your pension pot will have grown to (at % using an ATR we call "") by the time you reach age .
  • You will not take a Pension Commencement Lump Sum (PCLS) and will draw down the pension until you die, but the annual income taken will continue to be affected by inflation.
  • If you draw your state pension and income from your pension plan at age without taking any tax free cash, you might be able to generate an annual retirement income of before tax.
  • The monthly contribution figure is the total contribution, including any tax relief.