Using the calculator:

1. Before starting, ensure you’re aware that nothing this calculator provides should be taken as financial advice.
2. This calculator assumes a regular defined contribution pension only.
3. Use a desired income OR annual drawdown, not both. By adding a desired income the drawdown % will be ignored.
4. From April 2028 you won’t be able to access your private pensions until 57 – you’ll need to adjust your drawdown starting age to match.
5. Expected inflation is a minefield, on my pension projection calculator I assume 3% for everything, here I give you the choice – the Government target is usually 2.5% but be more conservative with a higher number if you wish.
6. You have the choice to display your income in today’s money or adjust it for inflation – depending on that choice, the growth figures with either include inflation or not.
7. Drawdown from state pension age is also ignored if you set a desired income.
8. Take home pay is calculated based on your country’s tax rules – currently working for England & Wales and Scotland.
9. Remember it’s a bit of fun to see what you could end up with. I’m not an IFA and you should seek professional advice if you’re unsure about your retirement plans.