Pension Calculator

See what your pension could grow to by retirement, with tax relief on a workplace or personal pension, or with auto-enrolment (My Future Fund).

Your pension

Your age

Retirement age

Salary

€

Pension pot now

€

You put in

Share of your pay

Employer puts in

More options· 5% growth, 3% pay rises

Investment growth

A year, after fees

Pay rises

A year

Inflation

A year

At 66 you could have

€797,734

You putting in 5% and your employer 5%

In today’s money: €327,944
Tax-free lump sum: €199,434

What you have now€10,000
You put in€158,190
Your employer adds€158,190
Investment growth€471,354

What this means

About 59% of it is investment growth, not money you put in. The earlier you start, the longer each contribution has to grow.

Your employer adds €158,190 over the years: extra pay you only get by saving yourself.

Prices will rise, so €797,734 in 36 years buys about what €327,944 buys today.

Next step

Year by year

Age	You	Employer	Balance
35	€2,814	€2,814	€42,679
40	€3,262	€3,262	€89,152
45	€3,781	€3,781	€153,988
50	€4,384	€4,384	€243,141
55	€5,082	€5,082	€364,348
60	€5,891	€5,891	€527,649
65	€6,830	€6,830	€746,043
66	€7,035	€7,035	€797,734

This year (2026)

You put in	€2,500
Tax relief on it	€1,000
Your employer adds	€2,500

Tax relief is at 20% or 40%, on up to a share of your pay that rises with age: 15% under 30, up to 40% from 60.

Assumptions in this estimate

Tax relief is on contributions up to an age-related share of pay up to €115,000. USC and PRSI are still charged on them.
Growth is after fees. Your pay rises by 3% a year, and “in today’s money” takes off 2.5% inflation a year.
You can usually take 25% of your pension as a lump sum: the first €200,000 is tax-free over your lifetime.
The State Pension (Contributory) starts at 66 and isn’t included here.

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How the calculator works

Workplace or personal pension: a share of your pay from you and your employer, with income tax relief on your part.
Auto-enrolment: you, your employer and the State each pay in, at rates that rise every 3 years.
Growth: your pot grows at the rate you choose, after fees, and your pay rises each year.

Auto-enrolment rates

Years	You	Employer	The State
2026 – 2028	1.5%	1.5%	0.5%
2029 – 2031	3%	3%	1%
2032 – 2034	4.5%	4.5%	1.5%
From 2035	6%	6%	2%

Examples

Starting at 30 on €50,000 with €10,000 saved, 5% growth after fees and 3% pay rises, retiring at 66:

Pension	At 66	In today’s money
Workplace: 5% from you, 5% employer	€798,000	€328,000
Auto-enrolment	€818,000	€336,000

Last updated October 14, 2026

Frequently asked questions

How does auto-enrolment work?

Since 1 January 2026, employees aged 23 to 60 who earn at least €20,000 and aren’t in a workplace pension are enrolled in My Future Fund. You, your employer and the State pay in 1.5%, 1.5% and 0.5% of your pay (up to €80,000) at first, rising every 3 years to 6%, 6% and 2% from 2035.

How much tax relief do I get on pension contributions?

Relief at your highest rate of income tax, 20% or 40%, on contributions up to a share of your pay that rises with age: 15% under 30, up to 40% from 60, on pay up to €115,000.

How much can I take tax-free when I retire?

Usually 25% of your pension as a lump sum. The first €200,000 is tax-free over your lifetime, and the next €300,000 is taxed at 20%.

Is auto-enrolment or a workplace pension better?

It depends on what your employer pays in. A workplace pension gets tax relief on your contributions. Auto-enrolment gets a State top-up instead. If you’re in a workplace pension, you aren’t enrolled automatically.