Retirement Gap Calculator

This item is for guidance purposes only

It is not a projection and should not be treated as such.

St. James’s Place plc can accept no responsibility for any loss which may occur as a result of reliance on this information.

It is based on our understanding of current legislation and HMRC practice. It does not constitute legal or taxation advice.

The objective of this calculator is provide an indication of the monthly saving needed to fund the Gap in your required income at retirement and your expected income from existing funds.

This is based upon expected growth rate of the investments, inflation and management fees which have been input.

Current Age

Retirement Age

Gross Income Required

Manually enter

Existing Fund

Manually enter

Growth Rate (%)

To have an annual pension of

You may need

A pension pot of

Which in today's money is

This means saving

Pension Pot Value

In Today's Value


1. Contributions are paid monthly in advance, increasing each year by inflation, for 16 years from your current age until retirement

2. An annuity rate of 6% has been assumed to calculate pension pot at retirement

3. If any Tax Free Lump Sum is to be taken, this will reduce the pension income required.