Retirement Savings Calculator UK
Most people know they need more in the pot. Fewer know what the monthly number actually is. This retirement savings calculator takes your target, subtracts what you have already saved, and divides the gap across the years until you stop working.
Open the free PacePot calculatorHow much to save each month?
No investment growth assumed. For a projection including returns and inflation, use the MoneyHelper pension calculator.
How it works
Set your retirement pot size as a savings target, add what you have already saved or invested, and choose a target date. PacePot works out the monthly pace and lets you log contributions as you go.
- Set a pot target based on what you expect to spend in retirement.
- Track pension, ISA, or other savings separately.
- Adjust the monthly pace as your income or goals change.
Practical examples
About £625 per month from zero, not counting any investment growth.
£160,000 left over 25 years is about £533 per month.
Create one goal for each pot and track both alongside each other.
Retirement savings FAQ
When should I start saving for retirement?
As early as possible. Starting at 25 instead of 35 can nearly halve the monthly amount needed to hit the same pot size, even without assuming any investment growth.
Can I include my state pension in the target?
You can factor it in by reducing your target pot size. The full new state pension is around £11,500 a year, so if that covers part of your spending, your pot can be smaller.
Does this account for investment returns or inflation?
No. PacePot gives you a straight-line monthly saving pace with no returns assumed. For a projection that includes growth and inflation, speak to a financial adviser or use the government's MoneyHelper pension calculator.
Start tracking your retirement pot
Open PacePot, set your target, and see the monthly amount to get there.
Use PacePot free