Pension Calculator

Add up to five pensions, each with its own pot value, expected annual growth and monthly contribution. See them combined and projected forward over the years you choose.

Pension Current pot (£) Growth % / yr Monthly contribution (£)

Leave a row's pot and contribution both at 0 to ignore it. Growth % is the average annual return you expect for that pension.

Projections assume each pension grows at a steady average rate, compounded monthly, with contributions paid at the end of each month. Real investment returns go up and down and are not guaranteed. Figures are shown in today's money terms only if you enter a growth rate net of inflation.

How the projection works

Each pension is grown month by month: your existing pot earns its share of the annual growth rate, and your monthly contribution is added on top. Because returns compound — you earn growth on previous growth as well as on your contributions — pots build slowly at first and then accelerate. The "effective growth per year" figure is the single annual rate that would turn your total starting pots plus contributions into the projected final value, which is handy for comparing very different pensions on a like-for-like basis.

Combining several pensions in one view makes it easier to see your true retirement position, especially if you've built up separate pots from different employers over the years.

For guidance only — not financial advice. Investment growth is not guaranteed and the value of pensions can fall as well as rise. Consider speaking to a regulated financial adviser, and check MoneyHelper for free impartial guidance.