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Retirement calculator

How much do I need to retire?

Get started

Important information - this retirement calculator provides an indication of whether you are on track for the retirement you want. It is, however, an estimate so you must not solely rely on the results for your retirement planning. Always seek financial advice if you need more help.

Are you on track for the retirement you want?

What kind of lifestyle do you picture for yourself during your retirement years?

Are you planning on taking more than one holiday a year? How often will you upgrade your car, if you have one? Do you see yourself in a new kitchen or bathroom every decade?

Our retirement calculator will help you decide what kind of lifestyle you'd like in retirement and if you're on track to achieving it. Just complete an anonymous and short quiz and we'll show you what your projected income could look like and if it will fund your ideal retirement.

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Simple

An easy way to see whether you're saving enough for your retirement.

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Make changes

See how changes to what you're saving could impact your future retirement income.

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What next?

If you're ready to make changes to your pension savings, we'll show you how.

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What you need to get started

To help the calculator work out how much savings you could have by the time you retire, it's helpful to have an estimate of the following:

  • How much you've currently saved across your pension pots. This includes your workplace pension(s) and private pension(s), such as a self-invested personal pension. It does not include any defined benefit pensions (final salary pensions). Learn more about defined benefit pensions.
  • How much you pay into your pension each month. If you're including your partner in your retirement plans you'll be asked how much you both pay into pensions. If you're only looking at your plans you’ll need to know how much you and your employer pays, as an amount or percentage.

If you're a Fidelity customer, log in to see your current pension savings with Fidelity.

How it works

Everyone has different ideas of how they might live when they’ve finished working.

This calculator uses your answers to align you to the 'Retirement Living Standards' - minimum, moderate or comfortable - that best suits your ideal lifestyle in retirement. These standards by The Pensions and Lifetime Savings Association (PLSA) are being adopted by many UK pension providers. They're based on independent research by Loughborough University and show what a range of common goods and services would cost for each level.

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Minimum

Geared towards paying for essentials with all your needs covered.

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Moderate

Gives financial security and some flexibility.

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Comfortable

Provides more financial freedom and some luxuries.

Learn more about the Retirement Living Standards.

The calculator makes assumptions about certain factors to calculate how much you'll need to fund the lifestyle you want. These include the rate at which you'll withdraw money from your pension, the effect of inflation and your entitlement to the State Pension. Learn more about the assumptions.

The calculator is powered by Wealth Wizards, who share the anonymous information they collect with Fidelity.

Retirement calculator FAQs

Are the results showing what I’m going to get in retirement?
Why do the Retirement Living Standards not take mortgage or renting costs into consideration?