Pension calculator

Our pension calculator provides an estimate of how much your pension fund could be at retirement and what retirement income you might expect taking an annuity or drawdown.

What is income drawdown?
Allows you to keep your pension invested in the stock market and to take or 'draw down' a regular income from it.

What is an annuity?
An insurance policy that guarantees an income for life in return for the pension fund built up over your working life.

How much can I get? Use our pension calculator to find out

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Add together the figures from the annual statement you get from your pension provider. If you don't have this, you can call the provider and ask for the figures.

Your estimated total pension fund at retirement age:

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Retirement income options:

Drawdown:
Yearly income in advance, based on 6% investment growth over 20 years:
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Annuity:
Yearly non-guaranteed annuity that increases with RPI:

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* This figure is based on the following assumptions:

Fund performance Inflation Charges

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Fluctuations in fund performance can happen - we give examples below of how lower fund performance will impact the size of your pension pot.

Estimated total pension fund at retirement Fund performance

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The figures should be considered as illustrative only, any changes to the assumptions used in the calculator could generate a smaller or larger pension fund. Nothing in this calculator constitutes pensions advice by Which? You should consult a qualified financial adviser who can consider individual circumstances if pensions advice is required. Which? Limited does not accept any liability for any loss or damage suffered as a consequence of relying on any information contained in this calculator.

We have included details of the assumptions used in the calculation above. The calculator uses current tax and pension legislation, taking into account lower rate income tax relief of 20%.

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