Pension calculator

By:

James Knight

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.

Updated: Aug 14, 2024

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The Invezz pension calculator matches up your goals with important demographic and financial information to help you plan for retirement. Read on to see how our pension calculator works, and how it can help you transition smoothly into life after work.

How to use our pension calculator

To use our pension calculator, follow these steps:

1. Enter Your Current Age: Input your current age in years.
2. Set Your Retirement Age: Enter the age at which you plan to retire.
3. Input Current Pension Savings: Add the amount of money you currently have saved in your pension fund.
4. Monthly Contribution: Enter how much you contribute to your pension savings each month.
5. Expected Annual Return: Enter the percentage of annual return you expect from your pension investments.
6. Calculate Your Pension: Click the "Calculate Pension" button. The calculator will estimate your total pension savings by the time you retire.
7. Review Your Estimated Pension Savings: The result will show your estimated pension savings at retirement, helping you understand if you're on track to meet your retirement goals.

How the pension calculator works

The Invezz pension calculator takes key pieces of information such as financial goals, current financial status, and time horizon, tallies up all of those factors, and then delivers results that show what you’ll need to do to meet your financial goals upon retirement.

Why should I use it?

With breakthrough advances in healthcare, human beings are living longer than ever. That means if you plan to retire at, say, age 65, you might realistically have to plan for 30 years of living beyond that age. Given those new parameters, it’s never too early to start thinking about retirement. 

Planning for that many years means being proactive and disciplined in your approach to budgeting, and saving money. Our pension calculator is designed to simplify that task for you.

What is a pension? 

A pension is a regular payment made during a person’s retirement from an investment fund started by that person’s employer, be it a private business or a government agency. Those regular payments are meant to support people once they stop working, making it feasible for countries to institute legal retirement ages and for workers to live their lives relatively comfortably once they do retire.