# Pension calculator UK: will my pension be enough? URL: https://computenow.co.uk/pension-calculator/ > Check your pension pot and State Pension at retirement in today's money, from your and your employer's contributions. Free, no sign-up. This calculator shows a worked example below. To use your own figures, add them to the URL as query parameters (listed in https://computenow.co.uk/llms.txt), for example https://computenow.co.uk/pension-calculator/?=. [What's Left, step 6 of 7: Will my pension be enough?](https://computenow.co.uk/money-plan/#steps) # Pension calculator Estimate your workplace pension pot at retirement and the tax-free lump sum you could take. 2026/27 rulesRates checked 18 October 2026 By the ComputeNow team, checked against GOV.UK and HMRC[Sources (5)](#sources)[How we calculate](https://computenow.co.uk/methodology/) In today's money, at 67 your pot could be worth £213,477.90 That is £444,180.29 in future pounds, after 2% a year inflation, including a 25% tax-free lump sum of £111,045.07. ## Your pension | Item | Amount | | --- | --- | | Your contributions (5%) | £1,438.00 | | Your employer's (3%) | £862.80 | | Paid in by 67, with 3.70% pay rises | £123,265.93 | | Assumed growth | 5% a year | | Tax-free lump sum (25%) | £111,045.07 | | Pot at 67, in future pounds | £444,180.29 | | Pot at 67, in today's money | £213,477.90 | | State Pension from 67, with 35 qualifying years | £12,547.60 a year | Your State Pension would be £241.30 a week (£12,547.60 a year) in today's money, the full amount. This is an illustration, not advice. It assumes contributions on qualifying earnings from £6,240 to £50,270, paid at the end of each year, and steady growth. Inflation of 2% a year is used for today's money. The State Pension is in today's money at the 2026/27 rate; it rises each year and depends on your full National Insurance record, so check your forecast on GOV.UK. ### Next steps - [Take-home pay calculator](https://computenow.co.uk/take-home-pay/?salary=35000&pension=5)See how your contribution changes your take-home pay. [What's Left](https://computenow.co.uk/money-plan/) adds up your monthly figures from each calculator and shows what is left each month. [In today's money, at 67 your pot could be worth £213,477.90 Breakdown](#result) ## How your pension grows Auto-enrolment contributions are at least 8% of qualifying earnings: 5% from you (including tax relief) and 3% from your employer. Qualifying earnings are your pay between £6,240 and £50,270, so on £35,000 they are £28,760 and the minimum going in is £2,301 a year. Each year the pot grows by the growth rate, less any charges, and that year's contributions are added; your pay, and so your contributions, rise by the pay-rise rate. We start from the FCA's middle projection rate of 5% and ONS average pay growth. The answer is shown in today's money: the future pot shrunk by the Bank of England's 2% inflation target for each year, so you can compare it with prices now. Most people can take 25% of their pot tax-free from age 57 (from 2028); the rest is taxed as income when you draw it. ## Common questions ### How much is the full State Pension in 2026/27? £241.30 a week, £12,547.60 a year. You need 35 qualifying years of National Insurance for the full new State Pension and at least 10 to get any. ### What is the minimum workplace pension contribution? 8% of qualifying earnings (pay between £6,240 and £50,270), of which at least 3% comes from your employer. Your share includes tax relief. ### How much of my pension can I take tax-free? Usually 25% of your pot. The rest is taxed as income when you take it. ## Related calculators [Investment and ISA calculator How investments could grow](https://computenow.co.uk/investment-calculator/)[Compound interest calculator How interest builds on interest](https://computenow.co.uk/compound-interest-calculator/)[Salary after tax Every salary from £15,000 to £150,000](https://computenow.co.uk/salary-after-tax/) ## Guides and help ### Our guides [How big could your pension be? Pension pots by the age you start saving](https://computenow.co.uk/guides/pension-pots-by-age/)[The State Pension and your NI record What each qualifying year is worth](https://computenow.co.uk/guides/state-pension-and-your-ni-record/)[Salary sacrifice explained Pensions, electric cars and what you save](https://computenow.co.uk/guides/salary-sacrifice-explained/) ### Official services and free advice [Check your State Pension forecast GOV.UK: how much and when](https://www.gov.uk/check-state-pension)[Check your National Insurance record GOV.UK: find gaps that cut your State Pension](https://www.gov.uk/check-national-insurance-record)[Workplace pensions GOV.UK: auto-enrolment and what your employer pays](https://www.gov.uk/workplace-pensions)[Find a lost pension GOV.UK: trace old workplace and personal pensions](https://www.gov.uk/find-pension-contact-details)[Plan your retirement income GOV.UK: options and free guidance](https://www.gov.uk/plan-retirement-income)[Tax on your private pension GOV.UK: allowances and tax relief](https://www.gov.uk/tax-on-your-private-pension) ## Sources Each source was last checked on 18 October 2026. - [FCA: standard projection rates (COBS 13 Annex 2)](https://www.handbook.fca.org.uk/handbook/COBS/13/Annex2.html) - [ONS: Average weekly earnings growth](https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/timeseries/kac3/lms) - [GOV.UK: The new State Pension](https://www.gov.uk/new-state-pension/what-youll-get) - [GOV.UK: Workplace pensions contributions](https://www.gov.uk/workplace-pensions/what-you-your-employer-and-the-government-pay) - [GOV.UK: Tax on your private pension](https://www.gov.uk/tax-on-your-private-pension) These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper. This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.