Pensions shortfall calculator

Calculators

Explore whether there may be a shortfall between your pension savings and retirement income needs.

About You

Current Age

yrs

1875

Target Retirement Age

yrs

5580

Life Expectancy

yrs

65100

Current Pension Savings

Current Pension Pot Value

£0£1m

Monthly Contributions (you + employer)

£0£5k/mo

Expected Annual Growth Rate

% p.a.

0%12%

Assumed Inflation Rate

% p.a.

0%8%

Retirement Income Needs

Desired Annual Retirement Income

£5k£150k

State Pension (full new SP = £11,973/yr)

£0£15k

Other Retirement Income (DB pension, rental etc.)

Withdrawal Strategy

Retirement Projection

Projected Pot at Retirement

—

nominal value

Pot Needed
—
to fund your retirement

Shortfall

—

Projected pot vs target

£0

Existing pot (today) Contributions & growth Shortfall remaining Target pot

Retirement Income Breakdown (Annual)

Desired income—

State pension from age 67—

Other income (DB / rental etc.)—

Required from private pension—

Projection Detail

Years to retirement—

Years in retirement—

Current pot value—

Future value of existing pot—

Future value of contributions—

Total projected pot—

Pot required at retirement—

Surplus / shortfall—

Growth Rate Scenarios

Suggested Actions

All projections are illustrative estimates only and do not constitute financial advice. Investment returns are not guaranteed — actual growth may be higher or lower than assumed. Inflation assumptions significantly affect outcomes. State Pension figures are based on the 2025/26 full new State Pension of £11,973/year, payable from age 67. Annuity rates are indicative only. Always consult a regulated financial adviser or pension specialist before making decisions about your retirement savings.

These calculators provide illustrative estimates only and do not constitute financial advice. Results should not be relied upon for financial decision-making, as individual circumstances vary.

Calculators