If you're taking the decision to leave your pension savings invested in the stock market, to get a bit of extra growth and the opportunity to take a flexible income, pension or income drawdown is the product for you.
However, with pension drawdown, there's the risk that you could withdraw too much of your pension too soon, your investment decisions don't quite come off, and you end up running out savings in retirement.
Which? is here to help. 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 you want to take and your assumptions about investment returns to see how the outcome changes with our pension drawdown calculator.
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