Use this pension calculator at any age to calculate an estimation of how much you can expect from your private pensions when you retire. Based on your current level and rate of savings, it will give you a ballpark figure of the annual income you could expect from your chosen retirement age, if you were to use a
drawdown scheme.
First, enter the basic details of your age, income, level of pension savings, rate of contributions, and the age at which you’d like to retire.
Click Calculate and you’ll see your current estimate. Now comes the clever part!
On the results page, try adjusting things like your contribution levels, income level and retirement age, to see new calculations that include these changes.
You’ll discover a range of different ways you can improve your retirement income.