Pension drawdown calculator - making your money last
Use our pension drawdown calculator to work out how to make your savings last throughout your retirement.
How long will your money last in pension drawdown?
The ability to take income to suit your needs, combined with the possibility of your pot continuing to benefit from investment growth, has made pension drawdown a popular way for retirees to access their pension.
But unlike an annuity, which pays a fixed income for the rest of your life, there are no guarantees with drawdown - it's up to you to manage your investments and decide what is a sustainable level of withdrawals each year.
Our pension drawdown calculator helps you to get a better idea of how long your pension pot might last.
You can adjust how much annual income you want to take and investment growth to see what impact this has.
Calculator assumptions
The investment growth assumptions are as follows:
- Low growth: assumes that once you retire, your investments grow at an average of 3.3% a year
- Middling growth (set as the default): assumes that once you retire, your investments grow at an average of 5.6% a year
- High growth: assumes that once you retire, your investments grow at an average of 7.5% a year