1. Add Your Savings
Enter your existing pension balance and monthly personal and employer contributions.
Retirement Planning Tool
Pension Calculator
Estimate how much your pension could be worth at retirement, compare it with your target fund, and see whether your current savings plan is on track.
Future pension value
Inflation adjustment
Retirement income target
Calculate Your Pension
Enter your savings, contributions, and retirement assumptions.
Your Retirement Projection
On trackProjected pension fund$0
Value in today's money$0
Required fund at retirement$0
Surplus / shortfall$0
Estimated monthly pension$0
Total contributions$0
Target funded0%
| Age | Opening balance | Annual contributions | Investment growth | Closing balance |
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This is an illustrative estimate, not financial advice. Actual investment returns, inflation, fees, taxes, pension rules, and withdrawal timing may change the outcome.
Pension planning explained
What Is a Pension Calculator?
A pension calculator estimates the retirement fund you may build from your current savings, regular contributions, time until retirement, and assumed investment growth. It also compares that projected balance with the amount needed to support your desired retirement income.
The result helps you test whether you may need to save more, retire later, adjust your income goal, or review your investment assumptions. Because long-term projections are sensitive to small changes, it is useful to calculate several realistic scenarios instead of relying on a single result.
Future pension balanceCurrent savings grown over time + the future value of monthly employee and employer contributions.
How it works
How to Use the Pension Calculator
Complete the fields with realistic estimates, then compare the projected fund with your retirement goal.
2. Set Assumptions
Choose retirement ages, expected investment returns, inflation, and retirement length.
3. Review the Gap
Compare your projected pension with the required fund and test alternative scenarios.
Better estimates
Important Pension Planning Considerations
Account for Fees and Taxes
Use an investment return after expected fees. Taxes and pension withdrawal rules can reduce spendable income.
Test Conservative Returns
Investment performance is uncertain. Compare lower, central, and higher-return scenarios before making decisions.
Plan for a Longer Life
A longer retirement requires a larger fund. Consider healthcare costs and a safety margin for unexpected expenses.
Common questions
Pension Calculator FAQs
It provides an estimate based on your inputs. Actual results depend on future returns, inflation, fees, taxes, contribution changes, and pension regulations.
Use a reasonable long-term return after investment fees. Testing several rates, including a conservative one, gives a more useful planning range.
Yes. It increases your desired retirement income to its estimated future amount and also shows your projected pension balance in today's purchasing power.
It can include an expected state pension, Social Security, rental income, annuity payments, or another dependable monthly income source.
You can explore higher contributions, a later retirement age, a lower retirement income goal, or professional advice about suitable investments and pension options.
Yes. Enter the employer's estimated monthly contribution separately, and the calculator adds it to your own contribution throughout the saving period.