Step 1 - Your Details
Enter a few basic details to give us a timeframe to calculate.
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Pension Calculator
Want a more detailed way of finding out how much your pensions could be worth? Wealthify’s pension calculator uses advanced forecasting to help you with your retirement planning. Enter a few details into our pension calculator, and it’ll show you:
- Clear monthly and annual pension drawdown amounts
- A comparison against your target retirement goal
- How State Pension payments could change your retirement income
- The impact of small changes on your pension payments
Plus, you could earn up to £200 cashback by transferring your pensions to Wealthify. You can activate this after you’ve got your pension calculator results.
With investing, your capital is at risk.
How does Wealthify's pension calculator work
Step 2 - Your Funding
Tell us about your pensions and how much you'd like to add in the future.
Step 3 - Your Options
See how small changes could impact the way your pension grows.
Step 4 - Your Target
Set your target retirement goal and see what you could to do to reach it.
Why use Wealthify's pension calculator?
Our calculator shows what your pension could pay either monthly or yearly, and if you're not sure how much you'll need, our target retirement income will help you figure that out too.
Want to retire earlier or put even more in your pension? Use the calculator to see how making small changes to your retirement age, contributions, or including pension transfers could have an impact on reaching your target goal.
Calculate your pension pot now
With investing your capital is at risk
ALL YOUR PENSIONS IN ONE PLACE
- One Low Fee
- Flexible
- Safe & Secure
- Here for You
Complete transparency
Some providers have a low management fee, but hide extra charges which can impact your returns over time. At Wealthify, we charge a flat fee to manage your Pension, so you always know where you stand.
About our fees
You’re in control
A Pension that fits in with you - choose to set up a regular payment, or top up whenever you can. Change or pause your payments anytime online or in our app.
Get Started
In safe hands
Up to the first £85,000 of your money can be protected by the Financial Services Compensation Scheme (FSCS) and we’re authorised and regulated by the Financial Conduct Authority (FCA).
How Wealthify works
Here when you need us
From sign up to draw down, we offer no paperwork, no post, just a simple, seamless online pension. If you do need help, our UK based customer care team are available on phone, live chat or email.
Contact usLearn more about our pension
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How do you work out life expectancy?
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Understanding how long you’ll live is quite tricky – and more than a little daunting. So that you don’t have to guess, we use the ONS Life Expectancy Calculator, which works out your life expectancy based on your current age and sex.
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How is retirement income calculated?
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Our calculator works out your retirement income based on the size of your pension and whether you’ll receive the State Pension, and divides this by the number of years you’ll likely be retired for.
For example, if your total pension value is £200,000 and you’ll aim to be retired for 20 years, then your retirement income would be £10,000 a year.
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How much money will I need in retirement?
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There are a lot of things that can impact how much money you’ll need for retirement. For example, will you still have a passive income, for example, from renting property? Are you planning on travelling elaborately or just enjoying some peace and quiet?
A general rule of thumb is to aim for a pension that pays out two thirds of their current salary each year. For example, if your salary is £30,000 a year then you may want to aim for a pension pot that pays out £20,000 each year.
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What age should I retire?
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This is entirely up to you and will depend on your personal circumstances.
It may be worth considering when you’ll be able to get your pension – for example, with a personal pension, you can start drawing down from your pension when you’re 55. The State Pension, on the other hand, depends on when you are born and will be available when you turn 67 or 68.
If you’re not sure when you’ll be able to afford to retire, then it may be worth speaking with a financial advisor.
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Am I eligible for State Pension?
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That depends on your circumstances. In order to get the full basic State Pension, you’ll need a total of 30 qualifying years of national insurance contributions. There are a few ways that you’re able to be eligible:
- By working and paying National Insurance
- Receiving National Insurance Credits from unemployment, sickness or as a parent/carer
- Paying voluntary National Insurance contributions
If you’re still not sure, then you can check with the Pension Service.
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What is the State Pension?
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The State Pension is a regular payment you should receive from the government when you reach retirement age. And the income you receive depends on you having paid a certain level of national insurance contributions over your working life. To get any state pension, you’ll need at least 10 years’ worth of contributions – if you don’t meet this requirement, you may not receive any money from the government.
For more information on the State Pension, please visit: https://www.gov.uk/state-pension
Safe & Secure
Managed
Your money, managed by our team of experienced and qualified investment experts.
Protected
Up to the first £85,000 of your money can be protected by the Financial Services Compensation Scheme (FSCS).
Safeguarded
Your money and assets are held separately with a custodian.
Help is on hand
Our customer service team are happy to help with any queries on 0800 802 1800 or on Live Chat.
Safe & Secure
Managed
Your money, managed by our team of experienced and qualified investment experts.
Protected
Up to the first £85,000 of your money can be protected by the Financial Services Compensation Scheme (FSCS).
Safeguarded
Your money and assets are held separately with a custodian.
Help is on hand
Our customer service team are happy to help with any queries on 0800 802 1800 or on Live Chat.
Strength in depth
Wealthify is backed by Aviva, one of the UK’s largest financial services institutions which has looked after British consumers for more than 300 years.
We operate independently of Aviva, which means you get the best innovation in smart simple investing together with the security of knowing that we’re here to stay and operate to the highest standards.
Being part of the Aviva group of companies allows us to develop our business, but at an accelerated pace and with greater confidence.