This calculator is for educational purposes only. It's an estimate as it makes assumptions for things like growth rates, investment fees and length of investing. Your actual pension income could be different.
Why use our pension calculator?
If you’re planning for the future, you can use our pension calculator to see what you could be working with in retirement. Just pop in details of your pensions and we'll give you the results. We’ll need:
- The current value of your pension(s)
- How much you (and your employer if you're employed) pay into them
- When you plan to retire, or start taking money from your pension(s)
How our pension calculator works
To work out your results, our calculator assumes a few things.
Assumptions
- Growth rates are examples only – actual growth rates will depend on how your investments perform and could be higher or lower.
- The calculation includes an assumed rate of inflation, but actual inflation could be higher or lower. This will impact the future value of your savings and investments.
- The calculator uses the Personal Allowance and tax bands for England and Northern Ireland from 6 April 2025 to 5 April 2026. Scottish and Welsh income tax thresholds may differ.
Charges
- As an example, we've added a charge of 0.75% on your investments.
- Actual charges may be higher or lower than that amount. They’ll depend on your investments and the providers you choose.
Try our pension calculator
With a few bits of information we can rustle up your results.
Add basic details about yourself
We’ll need your age to estimate when you will retire and how many years of income you could need.
Give us your pension information
We’ll use your salary, values from various pension types and monthly contributions to estimate the future value of your pension pot.
Discover your income options
View your estimated pension value at retirement and see the options for managing your income.
What you'll find out
You'll see the difference to your pension if you were to choose pension drawdown, an annuity or a cash lump sum.
Pension drawdown
Pension drawdown Take money directly from your pension to suit your needs. The rest will stay invested.
Annuity
Annuity This will pay you a regular guaranteed income for the rest of your life. Once bought, an annuity usually can't be changed.
Cash
Cash If you'd prefer everything in one go when you retire, you can take your entire pension as a lump sum. This will have tax implications and will need to last your whole retirement.
Plan for your future today
Are you looking to save for the long term with a pension you control? Or do you want a simple way to find the right savings account? We have something to suit you. The value of pensions can go down as well as up and you may get back less than has been paid in. Tax benefits are subject to change and depend on personal circumstances.
Aviva Self-invested personal pension (SIPP)
Aviva Self-invested personal pension (SIPP) Save for retirement with investments and payments that you choose. Start from just £25 a month.
Aviva Workplace Pension
Aviva Workplace Pension With Aviva, you can check your workplace pension savings – and see where it’s being invested – whenever you want.
Learn about pensions
We have a range of simple guides and tools that can help you work out how to manage your pension in retirement.
Workplace
Should I pay extra into my workplace pension?
Some things to consider if you want to boost your retirement fund.
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Contribution
Stop your pension from running out early
How to make sure you won’t end up with an empty pension.
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Income
Why you should think twice before taking money from a pension
Why you should resist the urge to dip into your pension pot.
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Shape your future
Check the income you'd need for your dream retirement.
Annuity calculator
Work out the annual pension income you could receive.
Inflation calculator
Understand how inflation could affect your gains.
Frequently asked questions
How much should I contribute to my pension?
Starting contributions when you're in your 20s or 30s allows compound growth to work in your favour, so even smaller contributions can add up. In your 40s or 50s, increasing that to 20% or more helps make up for lost time. Always contribute enough to get the full employer match as it’s effectively free money. Take advantage of tax relief, which adds 20% or more to personal pension contributions. Review your pension regularly to stay on track for retirement, adjusting contributions as income, lifestyle, and goals evolve.
Tax benefits are based on your individual circumstances and may change in the future.
Check out our guide - how much should I pay into a pension?
What is a SIPP?
A self-invested personal pension (SIPP) can be a flexible way to save for retirement. You can choose from a wide range of investments like stocks and shares, investment funds, exchange-traded funds (ETFs) and even commercial property. You’ll get tax relief added to your pension pot of 20%, and be able to claim more on your tax return if you’re a higher rate taxpayer.
Find out more about Aviva’s SIPP here.
Should I combine my pensions?
Combining pensions can simplify your finances by reducing admin, making it easier to track your retirement savings and manage investments making it easier to track your retirement savings, manage investments and depending on where you move your funds, you could also benefit from lower fees. But it's important to check for exit penalties, valuable benefits (like guaranteed annuity rates), or loss of employer contributions. Older pensions may have unique protections that you'd lose. Also look at investment options and charges with your new provider before consolidating. If you’re not sure if combining your pensions is right for you, it’s a good idea to speak to an independent financial adviser first.
We have more about moving your pensions into one pot here.
