Pension Calculator
Estimate the pension pot you will build and the income it can provide.
Please note: Illustrative projection only. Pension rules, tax relief and limits vary by country.
What the Pension Calculator does
A workplace pension combines your contribution, your employer's contribution and investment growth. Because contributions rise with salary and everything compounds, starting early matters far more than contributing heavily later.
Formula
Annual contribution = Salary × (employee % + employer %)Pot = (Pot + Contribution) × (1 + growth), repeated each yearRetirement income = Pot × withdrawal rate
Inputs explained
| Input | Unit | Required | Notes |
|---|---|---|---|
| Annual salary | selected currency | Yes | Accepts more than 0. |
| Your contribution | % | Yes | — |
| Employer contribution | % | Yes | — |
| Current pension value | selected currency | Optional | Accepts 0 or more. |
| Years until retirement | number | Yes | Accepts 1 or more, up to 60. |
| Expected annual growth | % | Yes | — |
| Annual salary growth | % | Optional | — |
| Withdrawal rate in retirement | % | Yes | — |
| Currency | one of 10 options | Optional | — |
How to use it
- Choose Currency.
- Enter Annual salary, Your contribution, Employer contribution and Years until retirement and 2 more.
- Optionally add Current pension value and Annual salary growth.
- Select Calculate.
Worked example
$60,000 salary, 5% employee and 3% employer, 30 years, 5% growth, 2% salary growth.
- Salary
- 60000
- Employee
- 5
- Employer
- 3
- Years
- 30
- Growth
- 5
A pot of $421,777.57, supporting $16,871.10 a year at a 4% withdrawal rate — about $1,405.93 a month, or 15.5% of final salary.
Frequently asked questions
How much should I contribute?
At minimum, enough to capture the full employer match. A common target is 15% of salary including the employer contribution.
What withdrawal rate is safe?
4% is the traditional benchmark for a 30-year retirement. Longer retirements or lower expected returns argue for 3–3.5%.