Use the FSA/ABI pension calculator to see how much income you might get when you retire from what you save now or in the future.

All you need to do is answer a few questions about the amount you are contributing or plan to contribute to a pension, and the calculator will give you an idea of how much income this will produce when you retire using today's prices.

The calculator can only deal with new contributions made through a personal pension, group personal pension or stakeholder pension. It can't deal with any pension funds you may have built up already.

If you are employed, first check if your employer provides a pension scheme. Your employer may make a contribution that you will miss out on if you take out a personal pension.

The Pension Calculator is a tool to help you work out how much retirement income you might receive from the amounts you save.

When you think about what you ought to do to provide an income in retirement, investing regularly in a pension is one of your options. If you are employed, you should first check if your employer provides a pension scheme. Your employer might make a contribution that you wouldn't get if you took out a personal pension.

If you don't have the option to join your employer's scheme, or you are self-employed or not in employment, you could take out a personal pension, such as a stakeholder pension.