How much pension do I need to retire in the UK?

It depends on target income, retirement age, contributions, growth assumptions and state pension. This planner projects your pot year by year and shows whether your goal is sustainable to your chosen terminal age.

Does this include UK state pension?

Yes. State pension income is included from your state pension age, reducing the amount needed from your private pot.

Can I model tax-free cash at retirement?

Yes. You can take up to 25% tax-free cash and optionally use part of it as income before drawing the main pot.

What is target income mode?

Target income mode finds the earliest retirement age at which your desired annual income can be sustained through your terminal age, given contributions and growth assumptions.

Retirement Planner

Model pension contributions, retirement goals, and projected pot growth with UK tax and state pension assumptions.

Plan Name (optional)

Personal Inputs

Date of Birth State Pension Age ? Life Expectancy Age State Pension Annual Amount (£)

Pension Setup

Current Pension Pot (£) Annual Salary (£) Expected Annual Bonus into Pension (£) Expected Salary Growth (%)

Expected annual bonus is paid into your pension pot each April while working. Expected salary growth increases your salary each April and recalculates pension contributions.

Annual Percentage Growth (%) Employee Contribution (%) Employer Contribution (%) Contribution Basis

QE contributions use fixed UK limits: £6,240 lower and £50,270 upper (2024/25 tax year bands).

Other savings / funds

Add ISAs, savings accounts, or other assets at their current value. Monthly contributions and annual growth are projected to retirement. Funds marked “Use as income” spend a chosen percentage of the fund balance at retirement before your pension pot, similar to tax-free cash.

Retirement Goals

Take 25% tax free sum Age to take Tax Free sum Tax-free cash to use as income (total £)

When ticked, 25% is taken from your pot at the age you choose (default: earliest UK pension access age from date of birth). It reduces the pot but is not counted toward your income target.

Planning mode

Income is your total annual target; private pot withdrawals are reduced by state pension after state pension age. Tax-free cash is taken at the age you choose above.

Loading goal...

Years

Months

Days

Page refreshes every hour to keep the countdown current.

Income at retirement

Estimated take-home

After Income Tax only (no NI). Other savings and tax-free cash are drawn before pension.

Scottish tax rate

25% tax-free taken

£0

Other savings at retirement

£0

Includes contributions and growth to retirement

Current Pot

Forecast Retirement

Annual Contributions

Months To State Pension

Pot Growth Projection

Employee vs Employer vs Growth

Withdrawal Need (Pre/Post State Pension)

Goal Status

Goal	Target	Retirement age	Pot at state pension	Status

Yearly Projection

Age	Start Pot	Employee Contrib	Employer Contrib	Total Contrib	Growth	State Pension	Withdrawal	Tax-Free Taken	Tax-Free Used	Other Savings Used	Principal Used	Shortfall	End Pot

Assumptions

Forecasts are indicative estimates from your selected growth and contribution inputs. This planner is a modelling tool for illustration and does not constitute regulated financial, tax or investment advice.

Last saved: -

Important: Figures are indicative estimates based on the information you enter. Simplified tax, market volatility and future legislation are not fully modelled. This tool is for planning and illustration only and does not constitute regulated financial, tax or investment advice.

Delete plan