Pension drawdown offers you the opportunity to remain invested while drawing an income. The level of income taken and the investment returns achieved will affect how long your money will last. This calculator aims to help you understand how much income you could receive from pension drawdown and how long your money might last under different investment conditions that have been modelled by the tool based on Fidelity’s assumptions. Actual experience may be markedly different from that shown. Pension drawdown does not provide a guaranteed income, and the value of investments used for pension drawdown can go down as well as up.
This tool should not be relied upon to determine whether pension drawdown is right for you or what level of income you should take. This tool, provided by Fidelity Personal Investing, does not provide financial advice. However, should you require advice this can be provided by Fidelity’s Retirement Service for a fee, or by your own adviser. Please call our retirement income specialists on Freephone 0800 368 6882 for a free initial discussion to find out how we can help you.
The Government's Pension Wise service offers free, impartial guidance to help you understand your options at retirement. You can access the guidance online at www.pensionwise.gov.uk or over the telephone on 0800 138 3944.