Interactive Investor

Pension drawdown calculator

Use our calculator to find out how long your pension could last when taking a regular retirement income.

ii-accounts-sipp-pension-drawdown-calculator

How to use the drawdown calculator

The drawdown calculator provides an illustration of how your pension income might look, based on things like retirement age and your estimated pot size.

Simply enter your details using the sliders and then adjust to see how a few changes could make a difference.

It is important to understand that the drawdown calculator only gives an estimate. Many factors are unknown and assumptions have been made. It is designed to show how making a few small changes can make a difference to your retirement. It does not provide a pension illustration.

We provide a pension illustration when you apply to open a SIPP account. We provide further illustrations annually and at other important times, such as when benefits are accessed. These are based on individual circumstances and the rules and assumptions set out by the Financial Conduct Authority.

How the drawdown calculator works

Where can I learn more about drawdown?

Head over to our SIPP income drawdown page for an explanation of how it works, and how it compares with other options such as UFPLS and annuity.

Open a SIPP today and pay no SIPP fee for six months.

This means your service plan fee of £9.99 covers you for all of your investment accounts. Following the offer period, the ii SIPP fee is only £10 a month more, and could save thousands compared to other pension providers who charge a percentage fee. Terms apply

The ii SIPP is aimed at clients who have sufficient knowledge and experience of investing to make their own investment decisions and want to actively manage their investments. A SIPP is not suitable for every investor. Other types of pensions may be more appropriate. The value of investments made within a SIPP can fall as well as rise and you may end up with a fund at retirement that’s worth less than you invested. You can normally only access the money from age 55 (age 57 from 2028). Prior to making any decision about the suitability of a SIPP, or transferring any existing pension plan(s) into a SIPP we recommend that you seek the advice of a suitably qualified financial adviser. Please note the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future.