Knowing how much you need to save to fund the lifestyle you want when you retire is key. That’s where our handy pension calculator comes in.  

Based on your current contributions (and any from your employer), it’ll give you an idea of your projected pension pot and the annual pension income you could expect to receive from your chosen retirement age. If you so wish, you can then adjust the contributions to see how that affects the projected figures.

You’ll need to know how much is in your current pension(s) and have a recent payslip to help you fill it in. 

Calculate your pension income

Used to calculate pension income including spouse benefit.
Used to calculate your total pension pot and pension income. Minimum age 16 years, maximum age 75 years.
Used to calculate your total pension pot and pension income. Minimum age 55 years, maximum age 75 years.
Find this in your pension statement. Be accurate as possible. This will avoid possible differences between actual and predicted income.
Find this on your payslips. If using a private pension provider, input the amount you pay monthly, including tax relief from HMRC.
The amount your employer contributes to your pension scheme each month - found on your payslips.

Calculate your pension income

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Your pension pot could be
£0
In today’s value, that’s an annual pension of around
£0
Growth to retirement
£0
Today
Retirement age
Your projected pot
In today’s value

The Pension and Lifestyle Savings Association have calculated retirement amounts and the quality of lifestyle they could give.

So, are you on track for the lifestyle you want?
Lifestyle not what you expected? We could help.
Get in touch

Source: Pension And Lifetime Savings Association

Figures correct as at XX/XX/XXXX
Assumptions underlying the calculations

The State Pension age is currently 66 and is scheduled to increase to 67 in 2028. The State Pension becomes payable only after reaching this age, even if you choose to retire earlier.

This calculator only considers Money Purchase pension and State Pension, other types of retirement income (such as defined benefit pensions) are not included.

Your pension income could be more or less than this and will depend on your investment performance and on the annuity rate at the time you retire.

The figure provided is an example only and not guaranteed - this isn't a minimum or maximum amount. What you will get back depends on how your investment grows and on the tax treatment of the investment. You could get back more or less than this.

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested. 

This item is for guidance purposes only. It is not a projection and should not be treated as such.

St. James’s Place plc can accept no responsibility for any loss which may occur as a result of reliance on this information.

It is based on our understanding of current legislation and HMRC practice. It does not constitute legal or taxation advice.

This is based upon expected growth rate of the investments, inflation and management fees which have been input. 

These calculations were produced using St. James's Place Pension Shortfall Calculator version 85.0.0.

SJP Approved 09/04/2025