For the calculator it will be useful to know:
- The name of your flexible cash or income plan
- The value of the pot held in that plan
- How much you regularly withdraw from your pot
- How your pension pot is invested
Calculator Suitability
This calculator is not suitable if:
- You are not currently taking an income from your drawdown plan.
- You're primarily invested in cash or another fund which has an expected growth rate of less than 5%
What is the calculator used for?
This calculator will calculate your income based on the information you put into it. So please make sure it's correct.
Your results will not take into account:
- Changes to inflation, which means that the buying power of your money could be less in the future.
- Product specific features or guarantees you may have on your pension.
- Capped Drawdown income limits (A ‘capped’ (limited) income can be withdrawn from the fund). This means the actual income available from the plan may be less than the level requested and shown.
- How your investment will perform under varying market conditions.
The survival probability data used is specific to gender (male and female) and UK region (Scotland, England. Wales and Northern Ireland). The life expectancy figures can only be used for the specific purpose of this tool. The users are not permitted to use the life expectancy figures for any other purpose.
The return on funds depends on the performance of the underlying investment, the charges and any other applicable cost. The tool assumes investment in a generic fund or cash fund only and will not take into account investments spread across multiple funds or risk levels.
Seeking Financial Advice
The calculator is for guidance only and does not constitute advice
- We recommend you take advice from your financial adviser or get guidance to help you understand your retirement options before making any decisions. If you don't have an adviser please visit www.mandg.com/pru/customer/en-gb/financial-advice/find-adviser to find one.
- Pension Wise is a free and impartial guidance service offered by the Government to help you understand your retirement options. The service is available at moneyhelper.org.uk/pensionwise, by phone on 0800 280 8880 or face-to-face by appointment.
Avoiding Financial Advice scams
If you're contacted out of the blue by someone offering you an investment opportunity, don't feel rushed or pressured into making a decision.
Always check with your financial adviser before investing any money.
Your Retirement Income Calculator Results
- The amount of income you take will affect the value of your pension pot. The more income you take will reduce the value of your pension pot, which means it may run out. You should also remember that we will take some charges from your pot, which will also affect the value.
- The amount of income you get from your pension pot may also depend on your state of health at that time.
- The fund values shown are an estimate calculated on the birthday of the policyholder at the age shown. The income is the total income paid in the policy year ending within the age shown.
- As with any investment the value can go down as well as up and you may not get back what you've put in.
- What you take from your pension pot will affect what's left for a partner or dependent and unless you make provision for them they might not get anything.
If you are receiving means-tested state benefits, such as housing benefit or income support, these may be reduced depending on what you do with your cash withdrawal and so may affect your current household income.
© Prudential 2025
"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc which is a holding company registered in England and Wales with registered number 11444019 and registered office at 10 Fenchurch Avenue, London EC3M 5AG, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.