Schedule a free discovery call<\/p>\n\t\t\t\n\t\t\t\t\t\t\tSCHEDULE A FREE CALL\n\t\t\t\t\t<\/a>\n\t\t\t\t The State Pension is likely to form a significant part of your retirement income. The full State pension is currently worth \u00a0\u00a3185.15 per week.\u00a0 Whilst it might not be enough to provide a comfortable retirement income<\/a> on its own, it’s a good starting point. This tool will set a target retirement income<\/strong> based on your current income and help you see whether you’re on track to meet your retirement target based on your current pension savings rate and your estimated state pension entitlement.<\/p>\n\t\t\t\t In a few easy steps, our pension calculator can give you an estimate of the income you’ll get when you retire. This will include income from defined benefit and defined contribution schemes, plus either the basic State Pension or the new State Pension, depending on when you were born.<\/p>\n <\/p>\n You’ll also find out if your likely retirement income is less than you need to fund your desired lifestyle in retirement.<\/p>\n\t\t\t\n\t\t\t\t\t\t\tSTART THE PENSION CALCULATOR\n\t\t\t\t\t<\/a>\n\t Download our free expert guide to<\/p>\n Discover everything you need to know about retirement planning in our expert guide<\/p>\n There are a number of ways to work out how much you’ll need in retirement<\/a>.\u00a0 This calculator works on the principle of Target Replacement Rate, which assumes that you will want to maintain a similar standard of living post-retirement as you enjoyed pre-retirement. Target Replacement Rate states that you’ll need anywhere between half to two-thirds of your current income to maintain a similar standard of living in retirement. Assuming that you’ll spend less on commuting and housing costs (on the basis that you will have paid off your mortgage) but you might spend a bit more on entertainment. Of course, if haven’t made plans to pay off your mortgage before you retire or you are renting, you’ll need to account for these costs.<\/p>\n Target replacement rate<\/p>\n\t\t\t\t You can use our State Pension calculator to set a retirement income target and see whether you are on track to meet that with your current monthly savings. You can also see how much you could you in retirement income if you plan to retire before your State Pensionable Age.<\/p>\n You can also see how adjusting your retirement age might affect the size of your pension pot, since the longer you save, the more you will have in your pension.<\/p>\n You’ll also be able to see how both of these factors affect your likely income in retirement.<\/p>\n You cannot rely on an estimate for your pension planning, it is important that you request a State Pension Forecast<\/strong><\/a> that is based on your national insurance contributions.<\/p>\n You’ll need a minimum of 10 qualifying years of National Insurance contributions to be able to claim any State Pension and you’ll need 35 years to claim the full amount<\/a>. C<\/a>heck your National Insurance record online<\/a>, as you may be able to top up your NI credits with voluntary contributions if you have any gaps.\u00a0 It’s important to know that only full years of contributions count.<\/p>\n\t Download our free expert guide to<\/p>\n Discover everything you need to know about retirement planning in our expert guide<\/p>\n We don’t believe in generic advice or cookie cutter approaches. That’s why we put you, your family and your goals at the heart of our financial advice.\u2029<\/p>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t PENSION ADVICE<\/p>\n\t\t\t We deliver tailored, specialist advice on all types of pensions and are one of the few qualified pension transfer specialists in the industry. \u2029\u2029We will advise you on everything from defining and reaching your financial goals, the finer details of taking tax free cash and how to plan your pension drawdown.\u2029\u2029<\/p>\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tLearn more…\u2029\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t RETIREMENT PLANNING<\/p>\n\t\t\t We’ll help you create a retirement plan designed to make sure you enjoy the kind of retirement you’ve always dreamed of. \u2029\u2029We’re here to help you create a robust, risk-sensitive plan, alongside providing early retirement advice, legacy-planning guidance and steps for tax-efficient saving.\u2029\u2029<\/p>\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tLearn more…\u2029\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t INVESTMENT ADVICE<\/p>\n\t\t\t Come to us for independent advice centred around your unique needs. Whether it’s a lump sum investment or you’re after a long-term investment strategy.\u2029\u2029You will also gain access to our exclusive hybrid investment model offering you unparalleled access to the best investment brains in the business.<\/p>\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\u2029\u2029Learn more…\u2029\t\t\t\t\t<\/a>\n\t\t\t\t\n This retirement and investment calculator is provided for general information purposes only. It is a guide and does not reflect the actual amount that you will need in retirement.<\/strong><\/p>\n Any information contained within this website should not be deemed to constitute financial advice<\/strong>, and should not be relied upon as the basis for a decision to enter into a transaction, or as the basis for any financial or investment decision. It is provided for general information and it is vital (and in most cases a regulatory requirement) that you contact a Financial Adviser <\/strong>for tailored professional advice in regard to pension and retirement planning.<\/p>\n Don’t miss<\/p>\n\t Our most popular posts<\/p>\n\t These are some of our most popular posts. \u00a0Click below or head over to our blog to see other helpful articles on pensions, retirement and investing.<\/p>\n\t\n\t\t\t\t\t<\/a>\n\t\t\t\t![\"MAS-FCA-PFS](\"https:\/\/www.2020financial.co.uk\/app\/uploads\/2019\/04\/MAS-FCA-PFS-Logos.png\" "\\"MAS-FCA-PFS")
\n\n\t\tWe’ve partnered with the Money Advice Service to bring you their State Pension Calculator. This handy retirement planning tool will help you estimate your retirement income based on your age, current savings and estimated State Pension Income\n\t<\/h3>\n
\n\t\tUK State Pension Calculator\n\t<\/h2>\n\t
![\"logo_en\"](\"https:\/\/www.2020financial.co.uk\/app\/uploads\/2020\/12\/logo_en.png\" "\\"logo_en\\""){kind=logo}
\n\n\t\tPension calculator\n\t<\/h2>\n
\n\t\tFind out your likely retirement income\n\t<\/h3>\n
\n
\n\t\tPlanning for your retirement\n\t<\/h4>\n\t
\n\t\tTarget Retirement Income\n\t<\/h3>\n\t
![\"Target](\"https:\/\/www.2020financial.co.uk\/app\/uploads\/2018\/10\/TRR.jpeg\" "\\"TRR")
\n\n\t\tHow You Can Use Our State Pension Calculator\n\t<\/h3>\n\t
\n\t\tState Pension Forecast \n\t<\/h3>\n\t
\n\t\tPlanning for your retirement\n\t<\/h4>\n\t
\n\t\tHow an IFA can help you.\n\t<\/h2>\n\t
![\"pension-planning-icon\"](\"https:\/\/www.2020financial.co.uk\/app\/uploads\/2020\/12\/pension-planning-icon.svg\"){kind=icon}
\n\t\t\t\t\t\t<\/a>\n\t\t![\"retirement-goal-icon\"](\"https:\/\/www.2020financial.co.uk\/app\/uploads\/2020\/12\/retirement-goal-icon.svg\"){kind=icon}
\n\t\t\t\t\t\t<\/a>\n\t\t![\"investment-advice-icon\"](\"https:\/\/www.2020financial.co.uk\/app\/uploads\/2020\/12\/investment-advice-icon.svg\"){kind=icon}
\n\t\t\t\t\t\t<\/a>\n\t\t\n\t\tNOTE:\n\t<\/h3>\n\t
\n
![\"Why](\"https:\/\/www.2020financial.co.uk\/app\/uploads\/bb-plugin\/cache\/Why-are-pension-Transfer-Values-falling-Index-1024x576-square.jpg\" "\\"Why")
\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tWhy are pension transfer values falling?\t\t\t\t\t\t\t\t\t\t\t\n\t\n\t\t\t\t\t<\/a>\n\t\t\t\t![\"Woman](\"https:\/\/www.2020financial.co.uk\/app\/uploads\/bb-plugin\/cache\/Retirement-savings-by-age-UK-chart-1024x717-square.png\" "\\"Retirement")
\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tRecommended retirement savings by age\t\t\t\t\t\t\t\t\t\t\t\n\t\n\t\t\t\t\t<\/a>\n\t\t\t\t![\"Simon](\"https:\/\/www.2020financial.co.uk\/app\/uploads\/bb-plugin\/cache\/Pension-protection-fund-website-square.png\" "\\"Pension")
\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tWhat is the Pension Protection Fund?\t\t\t\t\t\t\t\t\t\t\t\n\t\t\n\t