Our drawdown calculator shows you whether your existing retirement income is sustainable given your current level of investments and any potential growth. It will also show you how much to save to meet your retirement goals.
About you
Next: Your finances
Your finances
Next: Your future situation
Your future situation
Next: Your calculation
Your calculation
Next: Withdrawal breakdown
Withdrawal breakdown
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Takes approximately 2 minutes
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My name is , I am
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, my date of birth is
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, and I plan on retiring
When I'm
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My name is ,
I am ,
This DOB field is required.
my date of birth is ,
and I plan on retiring
when I'm .
Why do we ask for your sex?
Your life expectancy figure below is determined by your sex.
How much is your existing pension fund?
Growth rate
What rate of tax do you pay?
What does Growth Rate mean?
The growth rate input will be adjusted to take account of inflation, assumed to be 2%, to show projected amounts in today's value.
Your life expectancy age is .
Expected tax paying rate at retirement
Net 'income' required in today's value
How is life expectancy age worked out?
Life expectancy is based upon (2017-2019) National Life Tables issued by Office for National Statistics (ONS) for the United Kingdom.
We’re crunching your numbers...
Looking at the numbers you gave us, your required projected pension fund is , but your current projected fund is .
To achieve this required projected fund, you will need gross regular contributions per month, resulting in a contribution p/m net of income tax of , over years until you retire at .
What does Projected Fund required mean?
The 100% Government Actuary Dept (GAD) rate of 5% has been assumed to calculate pension pot at retirement.
What is gross regular contribution per month?
Contributions are paid monthly in advance, increasing each year by inflation, for 32 years from your current age until retirement.
What is contribution p/m net of income tax?
Pension contributions are paid net of basic rate tax relief. Any extra higher/additional tax relief is claimed via your self assessment tax return.
Withdrawals are assumed to be taken annually at the start of the year.
See what affect small changes make to your pension fund
How much is your existing pension fund?
£Net 'income' required in today's value
£Expected tax paying rate at retirement
See what affect small changes make to your pension fund
How much is your existing pension fund?
£Net 'income' required in today's value
£Expected tax paying rate at retirement
Not what you were expecting? Or want to talk to us?
See how we can help you with your retirement plan.
See your pension withdrawal summary in detail.
Your withdrawal summary
| Age | Withdrawal | Fund remaining |
|---|
Contact us today to discuss how Charles Stanley can help you.
0207 739 8200 (Open Mon-Fri, 9am-5pm)
Charles Stanley is not a tax adviser. The information provided here is based on our understanding of current UK legislation, taxation, and HMRC guidance. References to tax reliefs and allowances are correct at the time of publishing but can change in the future. Tax treatment depends on the individual circumstances of each person or entity and could also change in the future. If you are in any doubt, you should seek professional tax advice.
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A pension drawdown calculator helps you plan retirement income by showing how your pension savings could last from your pension age, factoring in income required and investment growth. This is to help estimate sustainable income and avoid running out of funds too early. Remember these are designed to give you a broad idea. If you want a more personal calculation, please get in touch.
The drawdown pension calculator uses your inputs to calculate the amount of pension savings you will need to provide the income you are looking for in retirement. The calculator considers investment growth, inflation, your desired pension age and target retirement spending, as well as your income tax position to calculate the shortfall or surplus. Remember this is an indication of what you can expect, rather than a guarantee, and if you want a precise calculation, you should seek personal advice.
Yes, it can. The calculator will show whether your pension savings will last over the average life expectancy of a person of your age, using the information you put into the calculator and data from the Office for National Statistics.
