Pension Drawdown Calculator: Work Out the Numbers First
Money choices feel clearer with numbers in front of you. This calculator turns a few inputs into a simple estimate you can compare and plan around.
What is the Pension Drawdown Calculator?
Dividing the pot by the yearly withdrawal gives a simple lifespan in years, before investment returns or inflation, so treat it as a starting estimate. All figures here are estimates: check current rules and rates before acting on them.
How to use it
- Enter your numbers.
- Check that each figure looks right.
- Click Calculate Drawdown and read the result.
Worked example
A $300,000 pot drawn at $15,000 a year lasts an estimated 20 years, or $1,250 a month, before returns or inflation.
How long does a $300,000 pension pot last at $15,000 a year?
Divide $300,000 by $15,000 to get 20 years, as a simple estimate before returns or inflation.
Frequently asked questions
Are these figures exact?
No. They are estimates based on the numbers you enter. Rules, rates, and charges change, so check current rules before making a financial decision.
What should I do with this estimate?
Use it to compare options and plan your next step, then confirm the final figure with the provider, lender, or adviser involved before committing money.