Income shown as sustainable annual withdrawal using the 4% drawdown rule. Annuity figures use estimated UK market rates (see Assumptions tab). State pension added from age 67 where applicable. All figures gross (before tax).
Chart shows pot value each year until depleted or age 100. State pension reduces withdrawals from the pot from age 67.
All figures in today's money (real terms). Growth rate is after inflation. Tax relief on contributions not modelled explicitly — but contributing to a pension is effectively a ~25% boost for basic rate taxpayers (HMRC tops up your contribution).
Uses the 4% rule — an evidence-based guideline suggesting you can withdraw 4% of your pot per year with a high probability of not running out over a 30-year retirement.
| Retirement age | Rate (%/yr of pot) |
|---|---|
| 55 | 4.2% |
| 60 | 5.0% |
| 65 | 6.2% |
| 70 | 7.8% |
Single-life, level (non-inflation-linked) annuity. Inflation-linked annuities start ~30–40% lower. Enhanced rates available for smokers or those with health conditions.
Full new State Pension is £11,502/yr (2024/25). Qualifying age is 67. Requires 35 qualifying NI years.
All figures are gross (before tax). 25% of your pot can typically be taken tax-free. Withdrawals above £12,570/yr are subject to income tax. Consult an IFA for personalised tax planning.
All figures are in today's money (real terms). Growth rates are after inflation.
Your inputs are saved in the page address — bookmark or copy the link to keep your scenario, or send it to someone to share it. This tool is for illustrative purposes only and does not constitute financial advice. Consult a regulated IFA before making pension decisions.