Pension Projection Calculator
Calculate how much your pension pot will grow based on your current savings and contributions. Uses compound growth and the 4% withdrawal rule for sustainable retirement income.
Projected Pension Pot
Tax-Free Lump Sum
Monthly Income (4%)
+ State Pension
Contribution Breakdown
| Component | Amount |
|---|
Pension Target Calculator
Calculate how much you need to save to achieve your desired retirement income. Based on the 4% safe withdrawal rule used in UK pension planning.
Pension Pot Needed
Gap to Target
Monthly Savings Needed
Early Retirement Calculator
Planning to retire before State Pension age? Calculate how much extra you'll need to bridge the gap until your State Pension kicks in.
Gap Years
Bridge Fund Needed
Total Savings Needed
State Pension Estimator
Estimate your UK State Pension based on your National Insurance record. Full State Pension requires 35 qualifying years.
Weekly Amount
Monthly Amount
Annual Amount
NI Years Progress
UK Pension Rates 2025/26
| Pension Type | Weekly | Annual |
|---|---|---|
| Full New State Pension | £221.20 | £11,502 |
| Per qualifying NI year | £6.32 | £328 |
| Minimum years for any pension | 10 years | |
| Full pension requires | 35 years | |
Pension Savings Targets by Age
Use these guidelines to check if you're on track. The multiple is based on your annual salary.
-
Age 30
1x annual salary (e.g., £30k salary = £30k pension)
-
Age 40
3x annual salary (e.g., £40k salary = £120k pension)
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Age 50
6x annual salary (e.g., £50k salary = £300k pension)
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Age 60
8x annual salary (e.g., £55k salary = £440k pension)
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Age 67
10x annual salary for comfortable retirement
PLSA Retirement Living Standards 2024
The Pensions and Lifetime Savings Association defines three retirement living standards:
| Standard | Single | Couple | Pot Needed* |
|---|---|---|---|
| Minimum Covers basics, limited flexibility |
£14,400 | £22,400 | £72k / £272k |
| Moderate More security and flexibility |
£31,300 | £43,100 | £495k / £790k |
| Comfortable Financial freedom, luxuries |
£43,100 | £59,000 | £790k / £1.19m |
*Pension pot needed assumes full State Pension and 4% withdrawal rule
Frequently Asked Questions
The 4% rule means you can withdraw 4% of your retirement savings annually without running out of money over a 30-year retirement. For example, a £500,000 pension pot provides £20,000 per year (£1,667/month) sustainable income. This rule is used alongside UK State Pension income for comprehensive retirement planning.
The full new State Pension in 2025/26 is £221.20 per week (£11,502.40 per year). To receive the full amount, you need 35 qualifying years of National Insurance contributions. The State Pension age is currently 66, rising to 67 by 2028. You can check your State Pension forecast at gov.uk.
A common guideline is to have 3x your annual salary saved in your pension by age 40. For example, if you earn £40,000, aim for £120,000 in pension savings. By age 50, target 6x your salary, and by age 60, aim for 8x your salary. These include workplace pension contributions and any personal pensions or SIPPs.
Yes, you can access private pensions from age 55 (rising to 57 from April 2028). You can take 25% as a tax-free lump sum, with the rest taxed as income. However, State Pension cannot be accessed until State Pension age (currently 66, rising to 67 by 2028). Early retirement requires substantial savings to bridge this gap.