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Pension Pot Calculator

How much will your pension be worth at retirement?

It’s a big question that many people ask because they need to know how much pension they’ll receive to plan effectively for their later years, but it’s not always easy to work out, especially if you have a defined contribution pension and are some years from retirement.

Our retirement calculator will provide you with a pension forecast, revealing the value of your pension pot at your desired retirement age based on any current retirement savings, how much you’re planning to contribute and compound growth of varying degrees between now and your retirement.

After the pension calculations, we’ll also show you how long that pension pot could last if you decide to fund your retirement through income drawdown, making a pension withdrawal of a fixed amount every month.

There are five major factors to consider when calculating how much your pension will be worth. These are:

  • Your age now
    The earlier you start saving into a pension the better
  • Your chosen retirement age
    The youngest age most people can access their pension is age 55, but not everyone can afford to retire this early
  • How much is already in your pension
    Any existing savings will provide a base for future growth
  • The monthly pension contributions you’ll be making
    Don’t forget employer contributions, if appropriate
  • The growth rate you’re expecting from your investments
    Our calculator offers a pension forecast based on your pot growing by 2%, 4% and 6% between now and retirement. With income drawdown your pension pot stays invested after you start taking income, so we’ve also modelled the same three growth rates for your pension fund post-retirement.
Pension Pot Calculator

How much will your pension be worth when you retire? Use our Pension Calculator to work it out and get a free copy of our Guide to a Richer Retirement.

  • £
  • £
Discuss your results with our experts
Receive our Guide to a Richer Retirement

How Much Do I Need to Retire?

Many people wonder how much they need in their pension to retire, but the answer isn’t simple because it will depend on you as a person.

For instance, most pensioners today have repaid their mortgages long before retirement. However, as people get mortgages later in life and with longer terms, future retirees could be repaying mortgages even after they’ve stopped working. That will need to be factored in when it comes to calculating how much pension income you’ll need.

Are you planning on taking lots of holidays now you’ve retired? What about paying for hobbies now you’ve got more free time?

Other factors to consider are any children and grandchildren you might have. Will you have to support any dependants, perhaps paying for higher educational costs?

Whatever your dreams, aspirations and goals for our retirement, unfortunately many of us simply aren’t saving enough into pensions to provide the comfortable retirement we deserve and so might walk away from the Pension Calculator a bit shocked!

While the pension calculator offers you a good starting point when it comes to working out how big your pension could be and how long it might last, it’s always better to get expert help and advice on your pension.

At Drewberry we’re qualified to see you through the entire pensions advice process, from where to invest your pension savings to drawing on your fund at retirement.

Your Financial Plan: Build A Better Future

A good financial plan can help you make the right decisions when it comes to your finances. Make the right decisions today to build a more prosperous future.

Good financial planning with clear goals can increase your retirement income by as much as 53%. Old Mutual Redefining Retirement Survey

Why Speak to Us…

We started Drewberry because we were tired of being treated like a number and not getting the service we all deserve when it comes to things as important as planning our finances. Below are just a few reasons why it makes sense to let us help.

  • See your financial future
    We use sophisticated financial modelling technology to visually show you your financial future. A living financial plan where you can clearly see what you can achieve depending on the decisions you make – read more
  • Achieve the retirement you deserve
    Can afford that dream round-the-world trip? Can you help your children onto the property ladder? We’ll model your goals and build your financial plan to help you achieve them.
  • Our expertise saves you time and provides peace of mind
    Organising your pensions, investing your assets, managing risk and making the most of your tax allowances is all taken care of as part of your financial plan.
  • We’ve got bargaining power on our side
    This allows us to negotiate better rates for you than dealing with providers yourself.
  • You’ll speak to a dedicated expert from start to finish
    You will speak to a named expert with a direct telephone and email. No more automated machines and no more being sent from pillar to post – you’ll have someone to speak to who knows you.
  • Benefit from our 5-star service
    We pride ourselves on providing a 5-star service, as can be seen from our 2386 and growing independent client reviews rating us at 4.92 / 5.
  • Gain the protection of regulated advice
    You are protected. Where we provide a regulated advice service we are responsible for the decisions we help you make. Doing it yourself or going direct to a provider won’t provide this protection, so you won’t benefit from these securities.
Our Services & Tools

Your Financial Plan

Who Are Drewberry?

Our purpose is simple: Improve your financial wellbeing. We use technology to bring your financial future to life and provide a visual plan of where you are today, where you want to go and what's necessary to achieve this.

📥 Financial Plan Brochure

Pension Pot Calculator

Pension Pot Calculator

How much will your pension be worth when you retire? Use our Pension Calculator to work it out and get a free copy of our Guide to a Richer Retirement.

  • £
  • £
Discuss your results with our experts
Receive our Guide to a Richer Retirement

Pension Drawdown Calculator

Pension Drawdown Calculator

When will your income drawdown pension run out? Enter the anticipated size of your pension pot at retirement and follow these easy steps to calculate how long your pension will last.

  • £
  • £
Discuss your results with our experts
Receive Our Making Sense of Pension Income Drawdown guide

Final Salary Calculator

Final Salary Pensions Transfer Calculator

Find out how much your final salary pension might be worth in today's money if you considered accepting a cash equivalent transfer value from your scheme.

  • £
Discuss your results with our Pension Experts
Receive Our 2019 Guide to Final Salary Transfers

Book a Demo

Book Your Financial Planning Demo

Book a demonstration to see how our experts use advanced financial modelling software to maximise our clients financial wellbeing and keep them on track for the future they deserve 🤓

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Contact Us
Head Office & Pensions and Investments
Millennium Bridge House
2 Lambeth Hill
London
EC4V 4GG
Personal Insurance & Accounts Payable
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
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Our Core Principles
  • 1You Come FirstWe are a client focused business who always aim to put you first.
  • 2We are ExpertsTo provide you with the best advice, we need to know our stuff!
  • 3We are HumanWe are real people with feelings who are here to help you.
  • 4We are ProfessionalProviding a 5-star service requires a professional approach to everything we do.
  • 5We are here to EducateWe don't believe in sales, we are here to educate so you can make informed decisions.