UK pension drawdown
Explore how monthly withdrawals could affect a UK pension pot. Adjust the withdrawal, annual return and inflation assumption to see a projected balance and possible depletion date.
Your scenario
Method and limitations
Apply the effective monthly return, then deduct the monthly withdrawal. Withdrawals rise monthly at the assumed effective annual inflation rate. No tax, fees, market volatility or annuity is modeled. Depletion timing is a scenario, not a guarantee.
This tool uses arithmetic scenario assumptions rather than a statutory pension formula.
Explore how long your pension pot could last
A steady-return model is a useful comparison but cannot show the full risk of poor returns early in retirement. Enter a return after fees and remember that withdrawals are shown before tax. Compare more than one scenario before interpreting the result.
Worked example
With GBP 1,200, zero return and a fixed GBP 100 monthly withdrawal, the pot reaches zero after 12 months.
Questions about this calculator
Does this calculate tax-free cash or withdrawal tax?
No. Model a starting pot after any separate lump sum and assess tax separately.
Does a positive final balance mean withdrawals are safe?
No. Constant-return scenarios do not model investment volatility or guarantee sustainability.