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Retirement income calculator

What could your retirement income be?

Our retirement income calculator can give you a better idea of how much you could be paid from your pension savings.

Just so you know

The retirement income calculator only gives you an estimate of what you could get when you retire, based on a very limited amount of information and assumptions, including:

  • The way you choose to invest your savings
  • The amount of your contributions and the length of time over which you make them
  • When you choose to draw your benefits
  • Your investment portfolio’s performance
  • Our understanding of the UK taxation and pension rules as they currently apply

The amounts shown by this calculator are only to give you an idea of what you could get and are in no way guaranteed. The amount you get may be more or less than that shown.

The amounts shown don’t take into account any benefits you might already have in other types of pensions, such as final salary schemes.

How much you have by the time you retire and the amount of income that your fund will generate from it will depend heavily on the performance of your investments. These can fall in value, so you could get back less than you invested.

Tax rules might change in the future and how they affect you will depend on your individual circumstances.

Use the calculator

You can use the retirement income calculator by pressing the button below.

You’ll leave our website and you’ll be taken to the calculator, which is hosted by eValue. eValue is a specialist company that provides tools to help people understand their potential future pensions and savings. The calculations used are based on assumptions, which are detailed in the tool.

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The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and their effects on you will depend on your individual circumstances.

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There's a wide range of pensions available to help you build your retirement income, from company plans arranged by your employer, to personal pensions which you can set up with a pension provider whether you are employed, self-employed or not working.

Pensions are now more flexible than they have ever been, giving you a wide range of options when it comes to accessing your retirement savings. You can find out more about pensions and retirement planning here.

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