£600/month Pension from Age 22
Retirement at 65 · 43 years · UK pension projection
Projected pension pot at 65 — £600/month from Age 22
| Growth assumption | Pot at age 65 | Annual income (4% drawdown) | Monthly income |
|---|---|---|---|
| Conservative (4%/yr) | £822,344 | £32,894 | £2,741 |
| Moderate (6%/yr) | £1.45m | £58,140 | £4,845 |
| Optimistic (8%/yr) | £2.68m | £107,399 | £8,950 |
| Total you contribute | £309,600 | over 43 years | |
How your pot grows — £600/month at 6% annual growth
| Age | Years saving | Projected pot (6%) | Contributed so far |
|---|---|---|---|
| 27 | 5 | £41,862 | £36,000 |
| 32 | 10 | £98,328 | £72,000 |
| 37 | 15 | £174,491 | £108,000 |
| 42 | 20 | £277,225 | £144,000 |
| 47 | 25 | £415,796 | £180,000 |
| 52 | 30 | £602,709 | £216,000 |
| 57 | 35 | £854,826 | £252,000 |
| 62 | 40 | £1.19m | £288,000 |
Figures are future nominal values. Assumes £600/month contributed consistently with monthly compounding at 6% annual growth. Does not include employer contributions or inflation adjustment.
State Pension supplement
The full new State Pension in 2025-26 is £11,502/year (£958/month) for those with 35 qualifying NI years. Add this to your private pension income to estimate total retirement income. At 6% growth, your private pension adds £4,845/month — giving a combined £5,803/month if you qualify for the full State Pension.
Frequently asked questions
How much will I have in my pension if I save £600/month from age 22?
If you save £600/month from age 22 to age 65 (43 years), your projected pension pot is £822,344 at 4% annual growth, £1.45m at 6%, or £2.68m at 8%. You will have contributed £309,600 in total; the rest is investment growth.
What income will £1.45m in a pension provide?
Using the 4% sustainable withdrawal rate — a common rule of thumb — £1.45m provides approximately £58,140/year (£4,845/month) in retirement income. This does not include the State Pension (currently £11,502/year full new State Pension in 2025-26), which would supplement your private pension income.
Is £600/month enough for a pension?
The Pensions and Lifetime Savings Association defines a 'moderate' retirement standard as around £31,300/year for a single person. To assess whether £600/month is enough, compare your projected income of £4,845/month to your expected retirement expenses, factoring in the State Pension and any other income sources.
How does employer matching affect my pension at £600/month?
The projections above show personal contributions only. If your employer matches contributions — typically 3–6% of salary — your total monthly pension saving could be significantly higher. For auto-enrolment, the minimum total is 8% of qualifying earnings (3% employer + 5% employee). Adding your employer contribution to £600/month will increase your final pot proportionally.