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
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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.
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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).
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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.
Find the support you need
Find a financial adviser
We strongly recommend talking about your retirement options with a professional financial adviser.
Pension Wise
Pension Wise (external site) is a government service from MoneyHelper that offers free, impartial pensions guidance.
Get in touch
Have a question or need some support? Our customer service team are here to help.