Pension income at a chosen draw rate calculator UK
Translate a pension pot and your chosen annual withdrawal percentage into gross income. Check the formula, worked example and limits before using your own figures.
Enter your figures
Illustrative annual gross withdrawal
Inputs changed. Select Calculate result to update your estimate.
Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. The default percentage is not a safe-withdrawal recommendation. No guarantee the pot will last; tax, fees, inflation and market returns are not modelled.
How the pension income at a chosen draw rate calculator uk works
Annual draw = pot × chosen withdrawal percentage; monthly average = annual draw ÷ 12.
Data basis: mathematical formula using your inputs. Example prices and rates are illustrative, not current market quotes.
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Worked example: pension income at a chosen draw rate
This illustration uses the calculator’s example inputs. It is not a quote or a recommended financial decision.
- Available pension pot (£)
- 300,000
- Chosen annual withdrawal percentage (%)
- 4
Illustrative annual gross withdrawal: £12,000.00
Annual draw = pot × chosen withdrawal percentage; monthly average = annual draw ÷ 12.
Pension income at a chosen draw rate: questions answered
What does the pension income at a chosen draw rate calculation include?
Annual draw = pot × chosen withdrawal percentage; monthly average = annual draw ÷ 12. Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. The default percentage is not a safe-withdrawal recommendation. No guarantee the pot will last; tax, fees, inflation and market returns are not modelled.
Using your result
Example inputs are a starting point. Replace them with your figures and select Calculate result. Results are rounded for display; calculations use unrounded values.
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