How to use this

Pension Forecast

This is a calculator that demonstrates what might happen if certain rates of return, rates of inflation etc are achieved in the future. It should in no way be interpreted to mean that these rates are more or less likely than any other outcome or are guaranteed to happen.

Personal Information

Age at next birthday Desired Retirement Age ¹ Current Salary £ Existing pension fund £

Contributions
Monthly

Yours £ Employer's £

Assumptions

Investment Growth Rate % Inflation % Earnings Growth Rate % Pension Charges % Withdrawal Rate %

Calculations

Expected earnings at retirement £64,004.23 Nominal pension fund value at retirement age £204,416.22 Nominal income from pension fund £9,198.73 As a percentage of pre-retirement salary 14.37% This income is worth in today's terms £7,141.25

Defined Benefit Schemes
If you have a defined benefit policy or policies, add them below along with the scheme retirement age and annual income defined in today's terms.

Provider	Annual Income	Age

State Pension
If you are eligible for full State Pension 2 please select below.

I'm eligible for full State Pension.

Your projection

£7,141.25

67+

Age

Retirement Income £7,141.25 per year Includes current contributions and existing pension funds

If you have any questions about completing this forecast or the output please contact Shackleton Employee Benefits via eb@shackletonadvisers.co.uk, on 0208 1254300 or through your Shackleton Engage App.

Actual rates of return etc will depend upon economic circumstances in the future and be more or less than this. Please remember the value of your investments can fall as well as rise. You may get back less than you originally invested.

Users may modify these fields to reflect their own assumptions and attitudes to investment risk. The lower risk that you want to take, the lower you should set your assumptions of investment growth and withdrawal.

The higher the withdrawal rate, the more chance your fund will run out.

1 Under current UK legislation, you cannot normally access pension benefits before age 55.

2 You can find out exactly how much State Pension you are entitled to by following the advice on the UK Government website: gov.uk/check-state-pension.

3 Those born between April 1977 and April 1978 will have a State Pension Age of between 67 and 68 years. For the purposes of this calculator the State Pension Age for these people has been rounded up to 68 years.