UK retirement income gap
Compare a monthly UK retirement budget with your supplied State Pension, workplace pension and other income forecasts. See the estimated shortfall or surplus.
Your scenario
Method and limitations
Sum the three entered monthly gross income amounts and subtract them from the spending target. A positive difference is a shortfall. A negative difference is reported as a surplus. All inputs must refer to the same year and purchasing-power basis. Tax and changing benefit start dates are not modeled.
This tool uses arithmetic scenario assumptions rather than a statutory pension formula.
Compare pension forecasts with your retirement spending
Use the official State Pension forecast rather than assuming the full rate. Include defined-benefit income or planned private withdrawals without counting the same source twice. Tax and the dates income begins need separate planning.
Worked example
A GBP 3,000 target and GBP 2,250 total monthly income produce a GBP 750 gap before any tax adjustment.
Questions about this calculator
Will this calculate my State Pension?
No. Enter your own forecast within public pension income.
Should I use today’s money or future pounds?
Either can support a comparison, but every input must use the same price basis.