What is income drawdown? Income drawdown calculator

If you’re considering income drawdown as a way to provide your retirement income, you need to plan carefully. Our income drawdown calculator allows you to see how long your pension pot might last. 

You can also adjust your investment mix , how much annual income your want to take and your assumptions about investment returns to see how the outcome changes with our income drawdown calculator.

Your pension pot

How much money do you expect to have in your pension pot when you retire?
How much tax-free cash do you want to take as a lump sum? (max. 25%)
0%
0%25%

How your pension pot will be invested

Please choose an investment portfolio.

Cautious portfolio

Your pension pot will mainly be invested in a mix of cash and fixed interest products.

Moderate portfolio

Your pension pot will mainly be invested in a mix of fixed interest products and stocks and shares.

Adventurous portfolio

Your pension pot will be mainly invested in stocks and shares, with some in fixed interest and a small cash reserve.

Choose your own investments

We've distributed your pension pot into cash, fixed interest and stocks & shares according to the portfolio you selected. If you want to invest your pension pot differently, you can adjust these figures.

Cash
0%
0% 100%
Fixed interest
0%
0% 100%
Stocks & shares
0%
0% 100%

Drawdown amount

How much would you like to draw down each year? (This will be your annual retirement income, in addition to the state pension.)
How much would you like to increase your annual income each year (e.g. to keep up with inflation)?
0% 1% 2% 4% 6%

Your results

 

Growth assumptions:

How it breaks down year-by-year

Our projections are based on the following assumptions: returns are calculated on a monthly basis; asset allocation is re-balanced back to your desired proportions on an annual basis; income is subtracted monthly from the cash weighting in the portfolio; if there is insufficient cash, it is taken from the fixed interest and equity weightings in proportion with the asset allocation; returns are assumed to be net of fund ongoing charges; we have factored in an ongoing Sipp charge of 0.3%, deducted annually.

These results do not constitute financial advice. They should be used to help you have an informed discussion with an independent financial adviser, who can talk through all of your financial needs and options.

The expected growth projections expressed in this tool are based on assumptions of future performance. They are not guaranteed, and the value of your investments can go down as well as up.

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