How our retirement options calculator works

Tell us a few basic details

We’ll ask a few questions about your pension and when you’d like to retire.

View your pension income

See how much your pension could be worth at your target retirement age.

Explore your options

See the different ways you can access your pension savings and what they could mean for your finances.

The benefits of our retirement options calculator

  • Quick and simple

    The calculator only takes 5 minutes to complete. In a few simple steps, we’ll tell you the different ways you can take your pension, and the income you could get. 

  • Find the option for you

    To help you decide, the calculator explains what you need to know about taking a cash lump sum, setting up a regular income, or leaving your money invested (or a combination of all three).

  • Plan your retirement finances

    We’ll show you what each option could mean for your finances in retirement, whether you’re receiving a regular income, or taking different amounts from your pension as lump sums. This can help you plan for the lifestyle you want in retirement.

Before you use the calculator

If you already have a financial adviser, we recommend you speak to them first, as how you access your pension savings in retirement may be part of your financial plan.


You should have this information to hand:

  • Your current pension value
  • What you pay into your pension each month


Important information

This calculator doesn't provide personalised advice or recommendations. What you actually get when you retire will depend on how your investments perform - this could be more or less than the amounts shown. 

Explore your retirement options

Find out your options for using your pension savings in retirement and see what your financial future could look like.

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Find the support you need

Find a financial adviser

We strongly recommend talking about your retirement options with a professional financial adviser. 

Find a financial adviser  about Find a financial adviser

Pension Wise

Pension Wise (external site) is a government service from MoneyHelper that offers free, impartial pensions guidance. 

Visit Pension Wise  about Pension Wise

Get in touch

Have a question or need some support? Our customer service team are here to help.

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