![]() ![]() It then shows estimates of how much income you could get from your retirement savings by buying an annuity, or keeping them invested in a pension drawdown plan. Your final pension fund and the income available will depend on factors including the growth your fund achieves, contributions you make in the future, charges, inflation, your retirement age, annuity rates at the time and the annuity options you choose.Īs with all investing, your capital is at risk. This pension calculator will show you how much your pension might grow by, based on how much you (and your employer) contribute until you reach retirement age. ![]() The figures here are a guide and are not guaranteed. The lifetime allowance is currently £ 1,055,000 if your pension exceeds the lifetime allowance you may be subject to additional charges from the Government.We assume you will receive the full single - tier state pension of £8,767.20 a year during retirement and that you will live to the age of 83. The money in your pension fund needs to carry on growing to replace what you. Simply enter your details using the sliders and then adjust to see how a few changes could make a difference. This calculation assumes that your investments will grow by an annualised 5% during the accumulation phase - before your desired retirement age.Once retired, your investments will grow by an annualised 3%. Theres no limit on how much money you can take out of your pension fund each year. This retirement calculator is designed to provide you with an indication of the amount. The drawdown calculator provides an illustration of how your pension income might look, based on things like retirement age and your estimated pot size. You can also adjust your investment mix, how much annual income you want to take and your assumptions about investment returns to see how the outcome changes with our pension drawdown calculator (see assumptions explained below calculator). One consensus is that you should aim for two - thirds of your final salary to maintain your current standard of living when retired. Our pension drawdown calculator allows you to see how long your pension pot might last. This calculator aims to give you an indication of how much you may need to contribute to a pension to achieve your desired retirement income.The calculator should not be regarded as personal advice, nor is this a reliable indicator of future performance. If you have any questions, contact our Investment Consultants on 08 or email Find out more about your tax relief and pension allowance. The figures here take account of inflation at 2% and show the buying power of your pension in today's money. If you have any questions, contact our Investment Consultants on 08 or email Find out more about your tax relief and pension allowances. Please see how to read these results below. All figures take account of inflation and show the buying power of your pension in today's money. ![]()
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