United Kingdom · Your drawdown plan
UK pension
drawdown calculator.
See how long your pension could last, and what you could receive after income tax. Adjust the numbers to explore a plan that fits your life.
Worked example. Update the inputs to see your estimate.
Your pension could last until
Age 89
The pot is used up within your chosen horizon.
Your pot over time
Today's moneyReturn scenarios use steady rates, not probabilities. Real market losses can change when your pot runs out.
State Pension is set to £0. Add your official forecast under “Other retirement income” for a fuller picture. It is added to income; it does not reduce your chosen pot withdrawal.
See the year-by-year breakdown
| Age | Pot withdrawal | State Pension | Income tax | Net income | Pot left |
|---|---|---|---|---|---|
| 61 | £18,000 | £0 | £1,086 | £16,914 | £399,122 |
| 62 | £18,450 | £0 | £1,176 | £17,274 | £397,747 |
| 63 | £18,911 | £0 | £1,268 | £17,643 | £395,842 |
| 64 | £19,384 | £0 | £1,363 | £18,021 | £393,371 |
| 65 | £19,869 | £0 | £1,460 | £18,409 | £390,297 |
| 66 | £20,365 | £0 | £1,559 | £18,806 | £386,583 |
| 67 | £20,874 | £0 | £1,661 | £19,214 | £382,188 |
| 68 | £21,396 | £0 | £1,765 | £19,631 | £377,068 |
| 69 | £21,931 | £0 | £1,872 | £20,059 | £371,178 |
| 70 | £22,480 | £0 | £1,982 | £20,498 | £364,473 |
| 71 | £23,042 | £0 | £2,094 | £20,947 | £356,901 |
| 72 | £23,618 | £0 | £2,210 | £21,408 | £348,410 |
| 73 | £24,208 | £0 | £2,328 | £21,880 | £338,947 |
| 74 | £24,813 | £0 | £2,449 | £22,365 | £328,452 |
| 75 | £25,434 | £0 | £2,573 | £22,861 | £316,867 |
| 76 | £26,069 | £0 | £2,700 | £23,369 | £304,126 |
| 77 | £26,721 | £0 | £2,830 | £23,891 | £290,164 |
| 78 | £27,389 | £0 | £2,964 | £24,425 | £274,911 |
| 79 | £28,074 | £0 | £3,101 | £24,973 | £258,293 |
| 80 | £28,776 | £0 | £3,241 | £25,535 | £240,233 |
| 81 | £29,495 | £0 | £3,385 | £26,110 | £220,650 |
| 82 | £30,232 | £0 | £3,532 | £26,700 | £199,459 |
| 83 | £30,988 | £0 | £3,684 | £27,305 | £176,571 |
| 84 | £31,763 | £0 | £3,839 | £27,924 | £151,893 |
| 85 | £32,557 | £0 | £3,997 | £28,560 | £125,326 |
| 86 | £33,371 | £0 | £4,160 | £29,211 | £96,769 |
| 87 | £34,205 | £0 | £4,327 | £29,878 | £66,113 |
| 88 | £35,060 | £0 | £4,498 | £30,562 | £33,244 |
| 89 | £33,983 | £0 | £4,283 | £29,700 | £0 |
| 90 | £0 | £0 | £0 | £0 | £0 |
| 91 | £0 | £0 | £0 | £0 | £0 |
| 92 | £0 | £0 | £0 | £0 | £0 |
| 93 | £0 | £0 | £0 | £0 | £0 |
| 94 | £0 | £0 | £0 | £0 | £0 |
| 95 | £0 | £0 | £0 | £0 | £0 |
An illustration, not a forecast or personal financial advice. Tax rates are held at 2026/27 levels. Check pension access rules with your provider. See all assumptions.
Using this calculator
From a pension pot
to a monthly income.
Drawdown means taking an income from a pension pot while the remaining money stays invested. How long it lasts depends on your withdrawals, investment performance, fees and the time you need it to cover.
- Start with the available pot. If you already took tax-free cash, enter the remaining invested amount and leave the upfront cash option off.
- Choose a gross withdrawal. This is the amount leaving your pension each month before tax. Your State Pension and other income are added separately.
- Explore the assumptions. Try lower returns, a longer retirement or higher fees. The dashed lines illustrate different steady return assumptions, not a range of guaranteed outcomes.
Your first-year net income estimate includes standard income tax on all the income you enter. The annual table shows withdrawals, State Pension, tax and the remaining pot.
Read our drawdown guideA little more clarity
Common questions.
Does this include the UK State Pension?
Only when you enter an amount. Use your GOV.UK · Your State Pension forecast ↗ and your own start age. The calculator does not access your National Insurance record or determine entitlement.
How is tax-free cash handled?
If you choose the upfront cash option, the model removes the lower of 25% of the entered pot and your entered remaining standard lump sum allowance. The remaining pot's withdrawals are treated as taxable. It does not model phased crystallisation, UFPLS, protected allowances or earlier pension benefits.
Can I use this if I live in Scotland?
Yes. Select Scotland under income tax to use the 2026/27 Scottish non-savings bands. Standard personal allowance tapering is included. Savings interest, dividends, individual tax codes and special reliefs are outside this estimate.
What does “today's money” mean?
It discounts future balances by the inflation assumption. A balance may grow in pounds while buying less over time. Switching the chart display does not change the withdrawal plan or the projected depletion age.
Is the projected age a guarantee?
No. The model compounds a steady monthly return, then takes a month-end withdrawal. Market volatility, the order of gains and losses, changes in spending and future law can all change the outcome. It does not run a Monte Carlo simulation.
Can I use a defined benefit pension here?
Do not enter a defined benefit transfer value as the pot. You can include the scheme's expected annual pension as other taxable income. This tool does not compare transfers, annuities or pension products.
The rules behind the numbers
Official sources
- GOV.UK · Income Tax rates and allowances ↗
- GOV.UK · Scottish Income Tax ↗
- GOV.UK · Tax-free pension withdrawals ↗
- GOV.UK · Your State Pension forecast ↗
- GOV.UK · Check your State Pension age ↗
Rates are versioned for 2026/27. Return and inflation defaults are editable illustrations, not government forecasts. Read our methodology