Pension Calculator

How much you need to be financially secure in retirement depends on the lifestyle you would like to have. It is important when planning your retirement to ensure you will build up a substantial pension fund by retirement age. Our Irish pension & retirement calculator, can help you with your retirement planning and will show you how much you need to put away for later in life.

How to calculate your pension fund:

  • Step 1: Enter your age
  • Step 2: Enter the age you want to retire
  • Step 3: Enter how much you would like a month in your retirement
  • Step 4: Click 'calculate'

The amounts shown may go up or down. Read the important assumptions for this calculator.

Important Assumptions
  • For the purpose of determining the term over which pension contributions are made, we have assumed your birthday was exactly six months ago.
  • If your target retirement age is lower than the age at which the Social Welfare pension commences (age 68 if you are born on/after 01/01/1961, age 67 if born before this date but on/after 01/01/1955 and age 66 if born before 01/01/1955) the calculations allow for funding for this gap, in addition to the cost of the annuity.
  • You are entitled to a full Social Welfare pension of €277.30 per week as at January 2024 which is assumed to increase by 3% per year.
  • You are saving for the difference between the Social Welfare pension and your target monthly income in retirement.
  • We have allowed for inflation of your target monthly income of 3% per annum between now and your retirement date.
  • Any other private pension provision you may have in place has not been taken into account.
  • Your monthly pension contribution increases by 3% each year up until your retirement age and is invested in a pension plan with an annual management charge of 1% and a 5% charge on each contribution, in line with the Standard PRSA fees and charges maximum limit.
  • A Gross Investment Return of 4.6% per annum on your savings. This is not a forecast because the value of your investment may grow at a faster or slower rate than assumed and the value of your investment may be expected to fall from time to time as well as rise.
  • On retirement you purchase an annuity which escalates at 2% each year, has a 5-year guarantee and is payable monthly in advance. The annuity rate assumes a post retirement interest rate of 2% per annum and no spouse's pension. The actual annuity rate will depend on the selection of dependant's pension, guaranteed period and the escalation rate, as well as interest rates prevailing when the annuity is purchased.



Save 274per month to enjoy 1500 per month in retirement.

Your contribution could be as little as 162 if you are eligible for tax relief at 40%.

Your Existing Pension Fund is projected to cover the amount that you would like a month in retirement. Increase the amount that you would like in retirement, to see the impact of additional savings into your Pension Fund.

Should you need advice in your pension calculations, you can contact one of our advisors who are here to help you secure your future retirement.

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Warning: Past performance is not a reliable guide to future performance.
Warning: Benefits may be affected by changes in currency exchange rates.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these products you may lose some or all of the money you invest.