Retirement income planner

The calculator will use your figures to show how long your pension pot could last based on your regular withdrawals.

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

Terms of use

This calculator is for guidance only and does not constitute advice.

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.

This calculator will calculate your income based on the information you put into it. So please make sure it's correct.

The calculator is not suitable for use if you are not currently taking an income from your drawdown plan. 

This tool may not be suitable if you are primarily invested in cash or another fund which has an expected growth rate of less than 5%.

The amount of income you take will affect the value of your pension pot. The more income you take, the lower the value of your pot which might mean it runs out before you want it to. You should also remember that we will take some charges from your pot which will also affect the value.

The tool is not designed to give you an indication as to how your investment will perform under varying market conditions.

We recommend you take advice from your financial adviser or get guidance to help you understand your retirement options:

  • Getting financial advice

Before making any decisions you should speak to your financial adviser. They can advise you what to do. If you don’t have an adviser, please visit to find one.

  • Guidance is available

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, by phone on 0800 280 8880 or face-to-face by appointment.

The results do not take into account product specific features or guarantees you may have on your pension.  

The survival probability data 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 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.

This tool does not take into account any Capped Drawdown income limits. This means the actual income available from the plan may be less than the level requested and shown.

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.

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.

The amount of income you might get from your pension pot will also depend on your state of health at that time.

As with any investment the value can go down as well as up and you may not get back what you’ve put in.

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.

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.

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