Pension drawdown calculator

What this tool can do for you

Flexible retirement income (income drawdown) lets you take whatever income you want – and change it when you need to. This tool helps you understand how much income you could take and how long your pension might last if you do so.

This pension calculator does not provide financial advice or a personal recommendation. However, should you require advice, this can be provided for a fee by Fidelity’s retirement service, or by an adviser of your choice. You can call our retirement specialists on 0800 084 5045 for a free initial discussion to find out how they 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 call them on 0800 138 3944.

Important information

  • You should only use this tool if you're aged between 55 and 90. If you're outside of this age range other factors could apply. Drawdown is not possible before age 55.
  • There are important advantages and disadvantages that you need to be aware of for income drawdown. For example, income drawdown does not provide a guaranteed income and there is a risk you may run out of money during retirement. Find out more
  • In order to show these estimates we have had to make some assumptions, which you should read. View for more details.
  • We strongly encourage you to take financial advice before you decide whether income drawdown is a suitable option for you. This tool should not be used as an alternative to financial planning and is not intended as financial advice.