Planning for retirement is one of the most important financial steps you’ll ever take. Our SIPP retirement calculator helps you see how much pension income you could receive and supports your retirement planning, so you can feel confident about your future lifestyle in retirement. Use our calculator to calculate your pension and explore how your SIPP could grow over time.
Important information: This retirement calculator gives an indication of whether you may be on track for the retirement you want, based on the details and assumptions you provide. The results are estimates only and should not be relied upon as your sole basis for retirement planning. If you need further guidance, you should seek advice from a suitably qualified and regulated financial adviser.
Use our easy SIPP calculator and pension calculator to project your pension pot, monthly income, and available options. Enter your retirement age, pension savings, regular monthly contributions, and any workplace or personal pensions. The calculator uses independent research (including work from Loughborough University) to estimate your retirement income, accounting for inflation, tax, and investment growth.
• Inputs: Age, current pension pot, planned monthly contributions, selected retirement age
• Assumptions: Factors in expected investment growth, inflation, state pension age, and tax rules
• Outputs: Estimates annual, monthly pension income, possible lump sum, and retirement options
See how much your pension could be worth at retirement and explore your retirement goals with our pension forecast.
Your pension in retirement may come from several sources: state pension, workplace pension, self-invested personal pension (SIPP) or SSAS, and personal pension plans. The SIPP pension calculator provides options for:
• Annuity: Guarantees income based on pension savings and annuity rates
• Drawdown: Allows flexible access, potential for pension pot to grow (or drop) with investment
• Lump sum: Up to 25% of your pension pot may be tax-free under current UK rules
Your SIPP (self-invested personal pension) gives you control over investment options and can be used alongside other pension plans.
Building your pension means combining regular pension contributions, employer workplace pension, and personal savings. Increasing your contributions, reviewing investment strategies, and consolidating old pensions may boost your overall retirement income. Our calculator works to help you model different contribution levels and see the impact of rising or falling investment growth.
• Personal pension: Set up alongside workplace scheme, flexible and tailored to you.
• Workplace pension: Employer contributions help your pension savings grow faster.
• Self-invested personal pension (SIPP/SSAS): Offers control and investment choice.
See how much your pension could grow depending on how your pension is invested and your chosen investment options.
Understanding your state pension is vital for retirement planning. The SIPP calculator estimates your state pension based on current government rules and your National Insurance record. Your state pension age will affect when you can access this income. Check your pension age through the official UK government service.
• State pension: Forms a base level of secure, inflation-linked retirement income for most.
• Pension age: May change in the future as the government reviews entitlement and longevity.
Use the calculator to see what your retirement income could support. Benchmarks reflect different retirement living standards (minimum, moderate, comfortable), and show what goods and services would cost for each level. This helps you decide what’s right for your retirement goals.
✔ Tax benefits: Pension contributions are tax-advantaged, and you can get tax relief up to your annual allowance.
✔ Pension savings: Review regularly to ensure your pension keeps up with inflation.
✔ Impartial advice: Speak to a financial adviser for guidance on your pension income and retirement options.
Try the Alltrust retirement calculator now to calculate how much you could have in retirement, optimise your pension planning, and explore options for taking your money. You can model workplace, personal and self-invested pensions, assess inflation impact, and estimate your retirement living standards.
See how much income you could enjoy in retirement, and take the next step to fund your future today.
Book your free consultation today by completing the form below and discover how Alltrust can help you with your retirement journey.
