Annuity Calculator
Our annuity calculator provides a quick view of how much income your savings could pay you in retirement. Enter your pension fund amount, retirement age and postcode to see an estimated yearly and monthly income figure.
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What is an Annuity Calculator?
An annuity calculator is a tool that helps you see how much retirement income you could receive if you use your pension savings to buy an annuity.
An annuity calculator can help you:
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Estimate your potential monthly and annual income
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Try different pension fund values
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Explore how retirement age affects income
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Get an estimate before requesting personalised quotes
Because annuity rates change regularly, calculator results should be used as a guide rather than a guaranteed quote.
How our annuity calculator works
Our annuity income calculator provides an estimate based on the best annuity rate available this week from Aviva, Canada Life, Standard Life and Just. Scottish Widows and L&G are currently unable to return a calculator result.
You input:
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Your pension fund amount
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Retirement age (55 and over)
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Your postcode (some annuity providers use location information when calculating rates)
Our calculator then provides you with:
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A single life annuity estimate
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Monthly and annual income projections
Calculate Your Annuity Income
Get an estimated annuity income in 30 seconds. No phone calls, no obligation.
Based on: a £100,000 fund and average* annuitant details.
Joint life (50%) annuity rates
Get a Personalised Quote
A personalised comparison quote can help you:
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Identify if you're entitled to an enhanced annuity rate due to medical or lifestyle factors
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Compare multiple providers in one place
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Get the best retirement income for your circumstances
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Make a more informed retirement decision
If you're unsure about whether an annuity is right for you, you can get free, impartial guidance from Pension Wise.
Why Might my Final Quote Differ From my Calculator Result?
Our online annuity calculator provides an indication using assumptions.
Your final quote may differ because providers consider:
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Health information
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Chosen annuity options
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Current market rates
As annuity rates are based on your individual circumstances, a personalised quote will always be required, especially for joint life annuities, enhanced annuities and guarantee periods.
Annuity Calculator FAQs
An annuity calculator provides a useful estimate using average market rates. However, it cannot account for all personal factors, so your final quote may be different.
Use our annuity calculator to get an indication of what you could receive as an annuity income. However, a more accurate income can be calculated by getting a quote. The annuity rate you receive during the quote process will consider several factors including health conditions.
Yes. You may qualify for an enhanced annuity if you have certain health conditions or lifestyle factors. This requires a personalised quote.
No. An annuity calculator provides an estimate only. A guaranteed quote is based on your personal circumstances and a provider's current pricing.
Yes. Different providers can offer significantly different annuity incomes. Comparing quotes with Annuity Ready can help you secure the best available deal for your circumstances.