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Drawdown Calculator

Drawdown Calculator

If you’re 55 or over, you can access your pension by moving it to a drawdown account. You can usually take up to 25% as a tax-free lump sum, while the rest stays invested as you choose. You’re in control, and can make taxable withdrawals as and when you need them.

Use our calculator to help decide if moving to drawdown is right for you. You can see what income withdrawals might be sustainable, and see how different circumstances could affect how long your pension lasts.

Important information: What you do with your pension is an important decision that you may not be able to change. You should check you're making the right decision for your circumstances and that you understand your options and the risks. Drawdown is a higher risk option than an annuity. The government's free and impartial Pension Wise service can help you and we can offer you advice. The information on our website isn't personal advice. Tax rules can change and benefits depend on your circumstances.

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Important information: What you do with your pension is an important decision that you may not be able to change. You should check you're making the right decision for your circumstances and that you understand your options and the risks. Drawdown is a higher risk option than an annuity. The government's free and impartial Pension Wise service can help you and we can offer you advice. The information on our website isn't personal advice. Tax rules can change and benefits depend on your circumstances.

You should check the assumptions used to generate your results, and customise these details to meet your own expectations and investment strategies.

All investments, and the income they produce, can fall and rise in value meaning income from drawdown isn’t guaranteed. Your pension could be depleted if you’re investments don’t perform as you’d hoped, you withdraw too much too soon, or you live longer than expected.

This calculator is designed to help you understand what could happen to a pension in drawdown. Results shouldn’t be taken as personal advice. If you’re unsure about what to do with your pension, or where to invest, seek guidance or advice.


Withdrawals

Tools to help you plan

Guide to drawdown

Risks and benefits, and how to get started.

Download Guide

Guide to investing in drawdown

Strategies for growth and income

Download Guide

Guide to saving tax in retirement

Useful tips and examples

Download Guide