Use your forecast
Do not assume everyone receives the headline full rate. Use the amount and date from your personal State Pension forecast.
Free private scenario tool
What could fill the gap between your forecast and your target?
Bring together your own State Pension forecast, defined-contribution pots, contributions and other secure income. Change one assumption at a time; nothing is saved or submitted.
Your scenario in today's money
Illustrative pot at retirement
£274,571
after 27 years using the real growth and contribution assumptions entered
- Annual income gap
- £17,500
- Simple pot needed
- £437,500
- Simple annual private-pot share
- £10,983
- Illustrative total annual income
- £23,483
- Simple target coverage
- 63%
This deliberately divides the projected pot evenly across the years entered. It does not recommend a withdrawal rate or model tax, market sequence, retirement investment returns, inflation changes, charges, longevity, annuity rates, defined-benefit income or benefit interactions.
Keep values comparable
The tool uses a real growth assumption so the projected pot and income target are both expressed in today's spending power.
Stress-test the result
Try lower growth, fewer contribution years, a longer retirement and different spending targets. One result is not a plan.