How Much Do I Need to Save? Retirement Savings Calculator
Are you saving enough for retirement?
If you are in your 50s or early 60s and retirement is within sight, this UK retirement savings calculator can help you estimate the monthly gross contribution required to work towards a target retirement pot.
Enter your target date, target retirement pot and existing pension and investment funds. The calculator compares four annual investment-return assumptions and shows the monthly contribution required under each scenario.
The result is an illustration rather than a personalised recommendation. Investment returns are not guaranteed, and tax rules and contribution limits depend on your circumstances.
How to use the retirement savings calculator
- Choose the date by which you want to reach your target.
- Enter your target retirement pot.
- Enter the current value of your pensions and investments, using zero if you have no existing funds.
- Review the required monthly gross contribution under each growth scenario.
How much might you need in retirement?
If you have not yet established a target pot, use the retirement lifestyle calculator first. It estimates a target based on the annual spending you would like in retirement.
What the calculation does not include
A complete retirement plan should also consider State Pension and defined-benefit pension income, tax, changing expenditure, investment volatility, pension contribution limits and whether your spouse or partner would remain financially secure.
Need help understanding your results?
This estimate is a useful starting point. A personalised retirement plan can bring together your pensions, investments, State Pension, tax position, investment risk, partner’s circumstances and changing expenditure.
I help individuals and couples who are within five to ten years of retirement understand whether they are on track and how to turn their savings into a sustainable retirement income. Arrange an initial conversation.
About this calculator
Reviewed by Andrew Neligan, Chartered Financial Planner and Certified Financial Planner. Last reviewed 18 September 2026.