Use this Pension Calculator to see if you’re on track for retirement
This pension calculator, provided by the Money Advice Service, can help you understand whether your savings are on track to give you enough financial security in retirement and the income you will likely receive.
Knowing whether you are saving enough for a comfortable retirement really begins with asking yourself when you might want to stop working and what you want out of life in retirement. With an idea of your expectations you can then take a reasonable view on whether you are saving enough.
Armed with some thoughts about what a comfortable retirement means for you, now take a look at where you stand today based on your current pension savings and what you currently pay into your pension pot using the pension calculator below.
How to use the pension calculator
To use the pension calculator, click below to get started. You will need to provide some basic information and information about your current salary and existing pension contributions, and your pension savings to date. This is to help calculate your likely total pension savings based on your current circumstances.
Remember, unless you have combined your old pensions into Creative Pension Trust, you will need to have details of any old pension pots from previous jobs in order for the pension calculator to provide an accurate view of your likely retirement income.