With Pension Drawdown, you draw an income while remaining invested.
The level of income you choose to take and the investment returns achieved will affect how long your money will last.
This calculator is designed to help you understand the balance between investment growth, capital preservation and income sustainability for your lifetime.
What is a sustainable income given your pension fund?
Learn how your investments and the income generated from them may last.
Date of Birth
Value of pension
You voluntarily choose to provide your personal details via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act. You agree that such personal information may be used to provide you with details or services in writing or by telephone.
You can use our Pension Drawdown Calculator free of charge for illustrative purposes only. We never pass on or share your details to any third party.
Please note the results are only a guideline, income withdrawals may further erode the value of your drawdown fund. Talk to you Financial Adviser before deciding on the amount of any withdrawals.
Value of pension
Select PCLS (tax-free cash)
Balance in Drawdown
Gross Annual income
Start income at age
Low Growth (1%)
Your money will run out by age
Mid Growth (4%)
Money you could have left
High Growth (7%)
Money you could have left
The results should not be relied upon for managing a Pension Drawdown and are not provided as advice. The calculator is for illustration purposes only and based on a number of assumptions using the information you have provided.
The tool is based on The Pension Drawdown Company’s current understanding of UK pension legislation, which is subject to change. The terms Pension Drawdown, Income Drawdown and Flexi-Access Drawdown are used interchangeably by different providers and relate to the same product, the term used therefore does not impact the illustrated results. You should however note, that the assumptions used by the tool may not accurately reflect your personal situation.
The Pension Drawdown Calculator uses the information you have provided to estimate how long your investments may last. It is designed to help you understand how likely your investments and the income generated from them and whether they will last as long as you think you will need them.
The illustrations generated by the calculator are based on your invested amount and life expectancy which is calculated using your information (gender and age). It then forecasts your desired income in pounds against your selected growth rates and calculates the sustainability of the annual income withdrawal against the growth rate.
The results display an estimate of how long your investment amount may last, in whole years based on the income and growth rates. You can change the withdrawal amount to assess the impact on the longevity of your fund.
Growth rates: We have assumed investment growth of 5% with charges of 1% (i.e. 4% growth after charges). 5% is the mid-growth rate suggested by the FCA for pension illustrations. 1% is a typical investment charge.
Income: The tool deducts the income annually in arrears but it is important to note that Pension Drawdown is flexible in allowing you to decide the frequency of withdrawals. How and when you choose to take income will impact investment returns.
Life Expectancy: The gender and current age information that you entered are compared against mortality data as provided by the UK Office of National Statistics (2015 published tables) to estimate your life expectancy.
The life expectancy shown is for illustrative purposes only, but assumes you are in good health. Your own life expectancy may differ markedly from this. Anyone considering pension drawdown should carefully consider the risks of their income running out if they live longer than expected and talk to their adviser to set realistic goals and expectations.
The results are based on assumptions of variables that may change over time. You should regularly review the level of income you take from your Pension Drawdown to make sure it remains sustainable. You may have to reduce the level of income you take or accept the risk that your money could run out.
Making decisions based on unrealistic assumptions will increase the risk of running out of money. Talk to your Financial Adviser before deciding on the amount of any withdrawals.