How much should I save for retirement?
Calculate how much you need to save to meet your retirement income goal
Use our free online pension and retirement calculators to help plan ahead. Work out how much you need to save to achieve the retirement you deserve. Will your pensions already fit your needs?
Remember, retirement doesn’t have to be completely dependent on pension income. Consider how other wealth and savings can complement pension income.
Retirement Savings Calculator — calculate savings required to reach retirement goal
This calculator easily answers the question "Given the value of my current investments how much do I need to save each month to reach my retirement goal?"
The user enters their "Current Age", there expected "Retirement Age", the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the required monthly investment amount and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" - one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https://AccurateCalculators.com/retirement-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
UK Pension Contributions
If you’re a UK resident, you will be able to claim tax relief on pension contributions. For those who don’t live in the UK at the moment, or don’t pay tax in the UK; consider alternative savings. Upon returning to the UK, you can contribute the lump sum of savings to your UK pension and claim tax relief!
Use our free online tools and calculators to best prepare yourself for planning advice.
Take pension planning advice
When you’re ready, engage with a regulated pension adviser to take your planning to the next step. A professional financial adviser has access to high-quality financial tools. Advisers use advanced tools to analyse your policies, calculate your shortfall and project your retirement benefits for the long term. Cashflow planning is a key tool in financial advice. It will bring together all of your wealth into one clean picture.
If you want more information about your planning strategy and options, read our free guidance documents. Our free financial guides are written and prepared by qualified industry professionals.