rest less pensions

Pension Calculator

What is the Rest Less pension calculator?

Get a clearer picture on how your pension will look with our Rest Less Pensions calculator. We can help you estimate:
  • How much do I need to save for retirement?
  • What will my pension pot be worth? 
  • How long will my pension pot last?

Calculate your pension

At per year will last til age

Compare options

Use the controls below to see how various factors affect the graph.

Retirement living standards Minimum standard:
£10,900 a year (single)
£16,700 a year (couple)
Covers your basic needs.

Moderate standard:
£20,800 a year (single)
£30,600 a year (couple)
More financial security and flexibility.

Comfortable standard:
£33,600 a year (single)
£49,700 a year (couple)
More financial freedom and some luxuries.

Find a more detailed description at: retirementlivingstandards.org.uk
State pension The State Pension is regular payment you can get from the government once you reach State Pension age.

The amount you get depends on how long you have been paying National Insurance (NI).

To get the full new state pension, you must have paid National Insurance for 35 years.

You can find more info here: https://www.gov.uk/new-state-pension
Taking 25% at retirement You can usually take up to 25% of the amount built up in any pension as a tax-free lump sum. The tax-free lump sum doesn’t affect your Personal Allowance.

Tax is taken off the remaining amount before you get it.
This calculator assumes that your personal pension contributions will receive a 25% top-up from HMRC. If you are a higher rate taxpayer, you may be able to claim additional tax relief by completing a self-assessment tax return.
Employer contributions do not receive any top-up from HMRC.
This calculator assumes that your personal pension contributions will receive a 25% top-up from HMRC. If you are a higher rate taxpayer, you may be able to claim additional tax relief by completing a self-assessment tax return.

Compare your calculation to your other retirement income options:

Your desired annual income

£20,000 per year

for years (age )

Pension annuity

per year

for the rest of your life

Take all as cash

received

paid as tax

Looking to speak to a pensions expert? Get a free pension health check:

Rest Less Pensions are offering a free pension health check with one of their experts. There's no obligation, but once you've had your review, the advisor will discuss whether you would benefit from paying for financial advice. Capital at risk.

Book my free check

The calculator should be used to give an indication of your future pension growth but not as an exact representation of your position. If you are wanting a more accurate forecast of your pension please consider seeking financial advice. As with all investments, your capital is at risk.

Calculator assumptions

In order to make the pension calculator as easy to use as possible, its outputs and calculations are based on several assumptions. You can read the details of those below.

  • Pre-retirement, your pension pot grows at an average rate of 5% per year (2% for the lower range, 8% for the upper range in the chart)
  • Post-retirement, your pension pot only grows at the same rate as inflation (3%)
  • Annual inflation is 3% pre-retirement and post-retirement
  • Personal contributions receive a 25% top-up from HMRC
  • One-off pension contributions receive a 25% top-up from HMRC
  • Employer contributions do not receive any top-up
  • The sum of your contributions are within your annual allowance
  • The sum of your contributions are within your lifetime allowance
  • The fee for the management of your pension is 0.6% per year
  • Desired annual income after retirement is before tax
  • Additional earnings post retirement are before tax
  • You are eligible for the full state pension of £9,627 per year
  • State pension can not be taken before age 67
  • You only start benefiting from the state pension after you retire
  • To calculate the tax amount when you take your entire pension as cash, we assume that your annual income is £31,285 (average UK salary)
Trustpilot 5 Star Excellent

5 May

Kevin gave me very helpful and clear…

Kevin gave me very helpful and clear information which will enable me to make an informed decision. Professional and friendly service. Definitely worth the meeting. The pension information has clarified many questions for me.

Melanie Clement

Trustpilot 5 Star Excellent

29 April

Excellent advice

Practical & sound pension advice from Restless. Gratefully received information as I do find this topic to be a minefield.

Poole Teresa

Trustpilot 5 Star Excellent

29 April

This is an excellent service and it was…

This is an excellent service and it was completely free. Kevin was helpful, informative. I am now much clearer about my options regarding pensions and what I need to address to achieve a comfortable retirement.

Jayne Ritchie

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