How much should I invest?
In order to retire comfortably, most people find that a pension equivalent to two thirds of their final salary is sufficient.
Everybody’s circumstances are different, which is why Hargreaves Lansdown’s Pension Calculator is available to help you decide how much you should invest to achieve your income target. It’s free to use, and you can try as many different combinations as you like.
Understandably, not everyone will be able to afford to contribute the amount required to reach their targeted level of income. However you should still consider investing as much as you can, as soon as you can.
It is also important to consider consolidating any old pensions that you may have from previous jobs, to ensure they are invested in the areas with potential to give you the best returns.
Pension calculator
The sooner you start saving, the more comfortable your life will be after work. Calculate how much you'll need to save to secure the retirement income you need with our free pension calculator »
Important information
You can't normally access the money in a SIPP until at least age 55 (57 from 2028). Please remember taxation depends on your circumstances and tax rules can change over time. Investments can go down in value as well as up so you could get back less than you invest. This website is not personal advice; if you are unsure of an investment's suitability for your circumstances you should seek advice. Correct for 2024/2025 tax year.
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