Skip to content

Pensions calculator

See how much you income you’ll have in retirement

  • Our pensions calculator, powered by our partner Profile Pensions, can give an estimate of how much money you might have by retirement.

  • Open a new private pension plan and combine your old pensions with Profile Pensions...

How do I use the pensions calculator?

The pension calculator is easy to use. Just add in your information and you’ll see an instant private pension forecast.

  • Tell us about yourself

    We’ll need to know a bit about you. Register yourself as a homeowner to see secured loans in the results. 

  • Your existing pensions

    Provide an estimate of your current pensions savings if you know how much you have in the pot.

  • Monthly savings

    Let us know roughly how much you’re putting into your pensions savings on a regular basis.

  • View pension forecast

    See your estimated pension value, income and tax-free lump sum – with or without State pension.

How is my pension forecast calculated?

The Pension Calculator is powered by our partner Profile Pensions. It can be used for illustrative purposes and can give you an estimate of what you might be able to expect in retirement.

To do the pension forecast for you the calculator must make a number of assumptions, including:

  • An assumed rate of inflation and investment return

  • Assumed pension fund charges 

  • That your contributions will rise in line with inflation

  • State pension age of 67

The calculator doesn’t take into account tax charges which may apply when you withdraw your pension at retirement – or on any contributions that exceed your allowances.


How much money do I need to retire?

How much pension you’ll need to be able to retire comfortably will depend on your own personal and financial circumstances. It also depends on how long you intend to keep working and what sort of lifestyle you want to have in later life. 

Some people use the ballpark figure of saving around 10 times your salary by retirement age. But this is merely a guide and what you actually need to save for retirement will be personal to you.

We have a range of helpful guides which cover how pension saving works.


Unlock a more secure future with our partner Profile Pensions

Here’s how to get a personalised pension plan with Profile Pensions:

  • Personal details

    Sign up and complete a questionnaire to understand your attitude to risk

  • Get a tailor-made plan

    Receive a personalised pension plan tailored to you

  • Put your pension on track

    Add regular or one-off contributions, or transfer over existing pensions

Capital at risk. This website does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact your Profile Pensions dedicated adviser. Prevailing tax rates and reliefs are dependent on your individual circumstances and are subject to change. Ltd is an Introducer Appointed Representative of Profile Pensions, a trading name of Profile Financial Solutions Limited which is authorised and regulated by the Financial Conduct Authority. FCA number 596398. Registered in England & Wales, Company Number 07731925. Registered office address: Norwest Court, Guildhall Street, Preston, PR1 3NU.

If your income has increased you could put more into your pension. If this is a private pension this will mean more tax relief and your pension pot could grow more quickly. If you have a workplace pension and your salary has gone up, it’s likely your own monthly pension contributions – and your employer’s contribution – will automatically increase, as the amounts are calculated based on a percentage of your salary.

All employers in the UK must contribute into a pension scheme for their staff. All eligible staff (there are some exceptions based on employee age and annual pay levels) are auto-enrolled into the company scheme. The idea is that the employee and employer both contribute and tax relief is added to boost the savings pot.

You can’t usually access a personal pension until age 55. Work and company schemes may have a retirement age, which is also likely to be over 55. The current State pension age is 66 for men and women. This is due to rise to 67 and then to 68 from 2037.

Yes, you can have both a private pension and still get the State pension. Your National Insurance contributions record is what counts toward the State pension. So if you’re paying NI then you could be entitled to some or the full State pension. You can find out more about the State pension and get a personal forecast from the Government.

You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

  • Whip your credit score into shape with Credit Monitor

  • Super save over and over again with Energy Monitor

  • There are always more ways to save with MoneySuperMarket 

So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.

You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.