One of the simplest ways of calculating how much money you need to retire is by using the Pension Calculator provided by the Government’s MoneyHelper service.
This helpful tool allows you to input your preferred retirement age and specify the target income you’d like in retirement. You then enter details about your current pension pots, contributions, and other sources of income. The tool will then forecast your pension amount (including any state pension entitlement), allowing you see whether you are on track to meet your goals.