£750/month Pension from Age 42
Retirement at 65 · 23 years · UK pension projection
Projected pension pot at 65 — £750/month from Age 42
| Growth assumption | Pot at age 65 | Annual income (4% drawdown) | Monthly income |
|---|---|---|---|
| Conservative (4%/yr) | £338,727 | £13,549 | £1,129 |
| Moderate (6%/yr) | £444,189 | £17,768 | £1,481 |
| Optimistic (8%/yr) | £591,548 | £23,662 | £1,972 |
| Total you contribute | £207,000 | over 23 years | |
How your pot grows — £750/month at 6% annual growth
| Age | Years saving | Projected pot (6%) | Contributed so far |
|---|---|---|---|
| 47 | 5 | £52,328 | £45,000 |
| 52 | 10 | £122,910 | £90,000 |
| 57 | 15 | £218,114 | £135,000 |
| 62 | 20 | £346,531 | £180,000 |
Figures are future nominal values. Assumes £750/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 £1,481/month — giving a combined £2,439/month if you qualify for the full State Pension.
Frequently asked questions
How much will I have in my pension if I save £750/month from age 42?
If you save £750/month from age 42 to age 65 (23 years), your projected pension pot is £338,727 at 4% annual growth, £444,189 at 6%, or £591,548 at 8%. You will have contributed £207,000 in total; the rest is investment growth.
What income will £444,189 in a pension provide?
Using the 4% sustainable withdrawal rate — a common rule of thumb — £444,189 provides approximately £17,768/year (£1,481/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 £750/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 £750/month is enough, compare your projected income of £1,481/month to your expected retirement expenses, factoring in the State Pension and any other income sources.
How does employer matching affect my pension at £750/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 £750/month will increase your final pot proportionally.