This calculator allows users to estimate the annual
retirement pension based on the existing fund and contribution levels and
user controlled assumptions in respect of savings rates, inflation and pension
Also, users can determine the additional lump sum,
or increase in monthly contributions, that is required to achieve their
desired annual retirement pension.
Annual savings rate (%).
This is the estimated annual investment return applied to the pension fund.
Annual inflation rate (%).
This is the estimated annual rate of inflation.
Estimated annual charges (%).
This is the estimated annual charge to the pension fund.
Estimated annual fund growth (%).
This is the annual savings rate plus inflation and less fund charges.
Estimated annuity rate (%).
This is the estimated annuity rate at the retirement date.
Current pension fund value.
This is the value of the pension fund accumulated to date.
Monthly pension contributions.
This is the current level of gross pension contributions per month.
Years to retirement.
This is the number of years to retirement age.
Desired annual retirement income.
This is the annual income you wish your pension fund to provide you with
Retirement pension fund.
This is retirement pension fund provided by the current fund and monthly
contributions to the retirement date.
Annual retirement pension.
This is the annual retirement income generated by the retirement pension
Real pension fund value.
This is value of the pension fund, adjusted for inflation.
Real annual pension value.
This is the value of the annual retirement income, adjusted for inflation.
Desired pension fund shortfall.
This is the shortfall in the real pension fund value which would be required
to generate a real annual pension value equivalent to the desired annual
Required pension fund top-up.
This is a one-off increase in the current fund value which is required
to generate a pension fund at retirement that provides, after adjusting
for inflation, the desired level of annual retirement income.
Required monthly contribution top-up.
This is the increase in monthly contributions required to generate a pension
fund at retirement that provides, after adjusting for inflation, the desired
level of annual retirement income.