Drawdown Calculator

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A pension drawdown calculator can help you explore how your pension savings might provide income in retirement and how long that income could last. For people considering flexible access to their pension, a drawdown calculator offers a practical way to test different scenarios before making any decisions.

Below, we explain what pension drawdown is, how a pension drawdown calculator works, what information you need to use it effectively, and how to interpret the results. It is designed to support informed consideration rather than replace personalised financial advice.

Your Details

£

50,000

£0

£1,000,000

£

30,000

per annum

£0

£100,000

1.28

%

0%

2%

5.0

%

0%

10%

25

%

0%

50%

0

years old

55 years old

85 years old

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How the pension drawdown calculator models your income

Calculator Input What it represents Why it matters
Pension pot value Your starting retirement savings Determines how much income can be supported
Withdrawal amount Income you plan to take each year Higher withdrawals 
increase sustainability risk
Investment growth Assumed annual return Affects how long your pot may last
Time horizon Length of retirement Longer retirements require lower withdrawals
Tax assumptions Income tax on withdrawals Impacts net income available
Calculator Input Pension pot value Withdrawal amount Investment growth Time horizon Tax assumptions
What it represents Your starting retirement savings Income you plan to take each year Assumed annual return Length of retirement Income tax on withdrawals
Why it matters Determines how much income can be supported Higher withdrawals 
increase sustainability risk Affects how long your pot may last Longer retirements require lower withdrawals Impacts net income available

Frequently Asked Questions

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Independent advice considers the entire market of financial products, while restricted advice focuses on a defined range of providers or product types. Both are regulated and must act in your best interests.

A general investment account (GIA) is a simple way to invest your money in a wide range of assets, like stocks, shares, and bonds. It’s flexible and allows you to hold different types of investments in one place.

Opening a Stocks and Shares ISA is simple: Choose a provider – such as a bank, investment platform, or financial adviser. Compare fees and features – Look at account charges, investment options, and ease of use. Apply online or by phone – You’ll need to provide: Your name, address, NI number. and Proof of ID. Fund your account – Add money (lump sum or monthly), and start investing. If you’re unsure where to start, many providers offer ready-made portfolios based on your risk level.
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