This calculation assumes a mid-level growth rate of 5% per year, inflation of 2% per year and pension fees of 0.7%. Growth, inflation and ongoing charges will vary. The aim of this pension calculator is to give you an idea of the level of income your current pension benefits could provide you with and/or how much you might need to save into a pension to get the income you’re aiming for in retirement. It’s not personal advice or suitable for calculating the potential income from a defined benefit scheme, e.g. a final salary scheme. If you’re not sure what’s best for your situation, you should seek personal advice.
The value of investments and any income from them can fall and you may get back less than you invested.