Pension & Retirement
Pension Drawdown Calculator
How long will your pension last?
If you're planning to use pension drawdown rather than buying an annuity, this calculator estimates how long your pension pot will sustain your desired income level.
£500,000
£25,000
3%
Frequently Asked Questions
What is a safe withdrawal rate?
The commonly cited 'safe withdrawal rate' is 4% per year, based on historical market data. However, your ideal rate depends on your age, health, other income sources, and risk tolerance.
Should I use drawdown or buy an annuity?
Drawdown offers flexibility but carries investment risk. Annuities provide guaranteed income but less flexibility. Many people use a combination of both. A financial adviser can help you decide.
Want personalised advice?
Calculators provide useful estimates, but your financial plan should be built around your specific circumstances. Book a free consultation to discuss your situation.
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