Experimental. this calculator is still under development. Figures and estimates may be incomplete or change without notice. Do not rely on them for investment or financial decisions.
Work through a short set of questions to project drawdown from taxable and tax-free pension pots, optionally including the State Pension from State Pension age, with illustrative income tax and ONS life expectancy.
Loading drawdown calculator…
Loading drawdown calculator…Projections, tax estimates, and the optimiser all run in your browser — nothing is sent to our servers to calculate results. Saved scenarios also stay in this browser only.
State Pension age follows the GOV.UK State Pension age timetable . When State Pension is included, the calculator uses the full new State Pension rate published on GOV.UK . You can optionally increase that rate each year from today through retirement (default 2% on) — a simple assumption, not the triple lock. You can also include a partner’s full new State Pension from their State Pension age; tax is estimated separately for each person.
Income goal is treated as a total annual household target. Once State Pension starts (if included), pot withdrawals only cover the remainder after your and any partner State Pension. Pot withdrawals use your chosen mix of tax-free and taxable funds (default 50/50); if one pot runs short, the other tops up. Your income goal can rise each year by a percentage you set (default 2%). By default that increase stops 5 years before your life expectancy age (set to 0 to keep increasing every year). Tax is estimated on taxable withdrawals plus each person’s State Pension using frozen 2026/27 England, Wales and Northern Ireland bands and personal allowance (including the £100,000 taper).
Life expectancy uses ONS UK period life expectancy by age and sex for 2022 to 2024 as the default marker on the results chart — not a guarantee of lifespan. You can change the life expectancy age on the results page. The optional optimiser searches yearly income and tax-free / taxable mixes to aim for emptying pots around that age while keeping estimated income tax lower under these simplified rules.