Pension Drawdown Calculator
Drag your pot size and withdrawal rate to see how long your pension lasts — with tax, inflation, investment growth and the State Pension all computed live as you adjust.
Withdrawals
Where do you pay tax?
Remaining pot by age (today's money)
Your pot lasts until age
100+Still going strong after 40 years of withdrawals from age 60.
Year-one income
£9,000After tax
£9,000Lump sum taken
£75,000Income mix at age 67
- Pension drawdown£9,665
- State Pension£10,600
- Tax£1,539
Years of income
41+
Withdrawal rate
4%
Estimates for the 2026/27 tax year · how we calculate this
How this calculator works
We project your pot for up to 40 years, or until it runs out. Each year you withdraw either your chosen percentage of the remaining pot or a fixed income uplifted by inflation, while the rest stays invested and compounds monthly at your expected return. The optional 25% tax-free lump sum comes off the pot up front. From State Pension age we add the State Pension to your income, then apply 2026/27 income tax — the 20% / 40% / 45% bands in England and Wales, or the six Scottish bands from 19% to 48% — including the personal allowance taper above £100,000.
The chart shows your remaining pot in today's money by default, so you can judge real purchasing power; switch to future values in the advanced options. Sustainable withdrawal rates are typically 3–5% — higher rates deplete the pot faster, especially if markets fall early in retirement.
Pension calculator
Project your pot to retirement
Tapered allowance
Check your annual allowance as a high earner
Compound interest
See your savings grow
Disclaimer: This calculator provides estimates only and should not be considered financial advice. The calculations are based on the information you provide and current tax year rates and thresholds. The calculator assumes a constant rate of investment return and inflation, which may not reflect actual market conditions. Your pension value can go down as well as up, and you may get back less than you invested. The minimum pension age will increase from 55 to 57 from April 2028. State pension age and amounts may change in future years. Tax rules, including the tapered annual allowance and lifetime allowance, may be subject to change. Please consult with a qualified pension advisor for personalized advice regarding your pension drawdown strategy and tax planning.
Frequently Asked Questions
Disclaimer: These calculators provide estimates for informational purposes only and do not constitute financial advice. Calculations use 2026/27 UK tax rates and thresholds sourced from HMRC and GOV.UK. Results are illustrative and may not reflect your personal circumstances. For personalised advice, consult an FCA-authorised financial adviser.