Is the pension calculator accurate?

The pension transfer calculator is not a personal recommendation and is not a guaranteed value for what you might get in the future. The calculator is purely for educational purposes and is designed to provide you with an estimated projection of what your future value could be.

What assumptions have been made with the pension calculator?

Growth rate: 5.00%
Inflation: 2.50%
Fees: 0.68%
Net growth rate: 1.87%
Life expectancy: 100

What information is required for the pension calculator?

To get a pension transfer projection with mynestegg, all you need to provide us with is your age, your estimated transfer value and email address. You can then tailor the projection we provide you with by amending your transfer value and/or retirement age.

How does the pension calculator work?

The pension transfer calculator will show you what your annual retirement income could be based on the transfer value and retirment age that you tell us.
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Assumptions and calculations are explained in the 'assumptions made' section of the 'pension calculator'.

What does the pension graph show?

The graph shows you how your pension could grow over time based on the information you have provided us with.

What do the projected pension figures show?

This shows what your pension could be worth at your chosen retirement age based on the transfer value you have told us and the assumptions that we've used.

What do the total pension pot figures show?

This shows the income that your pension could provide you with at your chosen retirement age, assuming you live to 100 years old.

What does the 'include inflation' toggle mean?

This shows how inflation affects the future value of your investments. The larger number is your estimated investment value at retirement without considering inflation, while the smaller number (after inflation) shows what that amount would be worth in today's money. Accounting for inflation means your money effectively grows about 2.5% slower each year.