See if your pension auto-enrolment contributions are on track for retirement — or how much more you need to save.
The minimum 8% auto-enrolment contribution is rarely enough for a comfortable retirement. This calculator shows if you are on track and what additional saving is needed to close the gap.
Projection assumes 5% annual growth on pension pot and a 3.5% sustainable drawdown rate. State Pension assumes full 35 qualifying NI years. Figures are illustrative and not financial advice.
Enter your salary and age
Your current gross annual salary and age determine the starting point for the projection.
Set your retirement target
Enter how much annual income you want in retirement (in today's pounds). The widely-cited PLSA Moderate standard is £31,300/year for a single person.
Check your current contribution rate
The default 8% is the legal auto-enrolment minimum. If your employer contributes more, or you are already paying extra, update the percentage.
See your shortfall
The calculator shows whether your current contributions will meet your target, and if not, the additional monthly amount you need to save.
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Disclaimer: All results are estimates for guidance only and do not constitute financial, tax or legal advice. Always consult a qualified professional.
