• Pensions
  • Retirement calculator

Pension Calculator – Are Your Retirement Savings on Target?

Try our easy-to-use retirement pension calculator to see just how much pension savings you could need in retirement.

After you have this calculation you'll have a better understanding of if your pension pot is on track to give you the type of retirement you hope for. Fidelity can then help you invest and save for your pension in the most tax efficient way to help you achieve this.

Calculate the retirement that you want

As a first step this retirement calculator assumes a basic cost of living amount. This includes a minimal amount required for travelling & transport; for social & cultural activities and clothing. You can adjust this cost to a more realistic figure that suits your lifestyle by using the plus or minus buttons (in increments of £1,000).

You can then fine-tune the pension savings calculation by clicking on any of the additional activities you see yourself doing in retirement each year. All costs are per person but you can increase this by using the plus button within the tile. Costs are naturally approximate and you may need to tailored for your individual circumstances (Calculations last updated September 2016).

The lifestyle you’ve just chosen may cost you

per year

Please note that the above amount is net of income tax.

Want to work out how to get there?

Use myPlan to help you work out how much you need to save to achieve your retirement goals.


55 or over?

If you are 55 or over then you may be considering (or have already taken advantage of) the option to draw an income directly from your pension. If you want some help understanding how much income might be possible and how that could be impacted by different investment conditions, check out our Pension Drawdown Calculator.

Fidelity SIPP

Our Self Invested Personal Pension is a low cost way to save for retirement. It has low charges, a great range of funds and online dealing. You can invest from just £1,000.  

Retirement planning

Retirement is something to look forward to and whether it seems like a long way off or you are hoping to retire soon, there is nothing more important than being prepared.

Please remember, the value of investments can fall as well as rise, so you may get back less than you invest. Fidelity Personal Investing does not give advice, if you are unsure of the suitability of an investment, please speak to an authorised financial adviser. Eligibility to invest in a pension depends on personal circumstances and all tax rules may change. You will not normally have access to money you have invested in a SIPP until the age of 55.