
How much do I need to retire?
You've got questions, we've got answers.
If you’re self-employed, saving for retirement falls entirely on your shoulders. And chances are you’ve got questions. Don’t worry. You’re not alone.
One of the most common questions we get asked is “How much do I need to retire?”. With so much information out there, it’s hard to know where to turn or who to trust.
Ranked the UK's most trustworthy investment platform*
The run up to retirement poses some of life’s biggest questions. It’s vital to get the right answers at a crucial stage in your life. We help clients get answers they can trust time and time again.
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Important information - The information on our website isn’t personal advice. If you're not sure what's best for your situation, you should ask for financial advice. Investments can go down as well as up in value, so you could also get back less than you put in. Pension and tax rules can change and any benefits will depend on your circumstances.
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Get answers you can trust.
If you’re saving for retirement, there are some essential questions that need answers. We’re here to help.
You’ll need to know how much you should pay into your pension, and if it’s on track to provide you with the income you might want or need in retirement.
How much do I need to retire?
Learn more about the three national income targets which could help you decide how much money you need to retire.
Lifetime ISA Vs Pension: which is best for you?
Don’t know whether to save into a Lifetime ISA or a pension?
How do I ask for advice?
Our financial advisers will help you prepare your pension and wider finances so that you can retire on your terms.
Self-employed insight
What are the most common pension mistakes to avoid?
Discover 5 tips to make the most of your pension and tax relief allowances.
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How much Lifetime ISA bonus could I get?
Try our Lifetime ISA calculator to find out how much your government bonus could be worth.
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I’m a limited company owner. How do I reduce my tax bills?
Here are some top tips to help keep your corporation tax bill down.
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How do I find my old work pension now that I’m self-employed?
Here are some top tips for understanding your old workplace pension, how to find them and your options for transferring.
5m read
How much tax relief could I get?
Find out how much tax relief you could get from your pension contribution.

Why choose the HL Self-Invested Personal Pension (SIPP)?
- Flexible payments - Monthly direct debits from as little as £25 a month, with the ability to pause or cancel payments if you ever need to.
- Invest where and how you want to - You can pick your own investments, select one of our ready-made portfolios, or pay a financial adviser to choose investments for you.
- Freedom at retirement - With the HL SIPP, you're free to choose from all the main retirement options, including taking a secure or flexible income.
Add a little, build a lot
The power of regular investing
Invest from as little as £25 a month by direct debit.
- It's good discipline - it stops knee jerk decisions, and removes the temptation to try and time the market.
- You'll benefit from 'pound-cost averaging' - investing automatically helps smooth out the bumps in the market, spreading your money across different market conditions.
- Share buying is free - there’s no fee if you buy shares through direct debit, compared to £11.95 for lump sums. You'll only pay our dealing commission when you sell. Other charges or taxes may apply when you buy or sell investments. See our charges.
How much should I invest?
Your results
About this calculator: This calculator is an example - it doesn’t show what your investments will actually be worth. And doesn't include any pension tax relief that you may receive. Remember investments can go down as well as up in value so you could get back less than you put in.
To make these calculations, we've included an annual charge of 1.25%, but this could be lower or higher, depending on the investments you hold. We haven’t factored in inflation. These results are based on a growth rate of 5%, unless you have adjusted the growth rate in 'Additional options'.

The HL SIPP is extremely flexible which suits me perfectly. My income isn’t regular. I don’t get paid the same day each month, so I needed a pension where I could make contributions whenever suited me. I don’t have to worry that I’ll miss a payment or get charged if I don’t have the funds to cover it.
Find out how Holli has used the HL SIPP to help save towards retirement.