£400/month Pension from Age 48
Retirement at 65 · 17 years · UK pension projection
Projected pension pot at 65 — £400/month from Age 48
| Growth assumption | Pot at age 65 | Annual income (4% drawdown) | Monthly income |
|---|---|---|---|
| Conservative (4%/yr) | £116,598 | £4,664 | £389 |
| Moderate (6%/yr) | £141,292 | £5,652 | £471 |
| Optimistic (8%/yr) | £172,719 | £6,909 | £576 |
| Total you contribute | £81,600 | over 17 years | |
How your pot grows — £400/month at 6% annual growth
| Age | Years saving | Projected pot (6%) | Contributed so far |
|---|---|---|---|
| 53 | 5 | £27,908 | £24,000 |
| 58 | 10 | £65,552 | £48,000 |
| 63 | 15 | £116,327 | £72,000 |
Figures are future nominal values. Assumes £400/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 £471/month — giving a combined £1,429/month if you qualify for the full State Pension.
Frequently asked questions
How much will I have in my pension if I save £400/month from age 48?
If you save £400/month from age 48 to age 65 (17 years), your projected pension pot is £116,598 at 4% annual growth, £141,292 at 6%, or £172,719 at 8%. You will have contributed £81,600 in total; the rest is investment growth.
What income will £141,292 in a pension provide?
Using the 4% sustainable withdrawal rate — a common rule of thumb — £141,292 provides approximately £5,652/year (£471/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 £400/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 £400/month is enough, compare your projected income of £471/month to your expected retirement expenses, factoring in the State Pension and any other income sources.
How does employer matching affect my pension at £400/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 £400/month will increase your final pot proportionally.