Pension Drawdown Calculator
See how long your pension could last at a chosen drawdown level.
Enter your drawdown details
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Pension drawdown calculator guide for UK retirees
WeCovr's pension drawdown calculator helps UK retirees estimate how long a pot could last, supported by FCA-authorised guidance and 900,000+ policies issued across protection products. It is a simplified projection, not advice.
What this pension drawdown calculator estimates
The calculator estimates how long a pension pot could last given a monthly withdrawal and growth rate. It also shows estimated balances after 10 and 20 years.
Results assume constant withdrawals and growth and do not account for fees or inflation.
Estimates drawdown duration.
Shows projected balances at 10 and 20 years.
Assumes fixed withdrawals and growth.
Why withdrawal rate matters
Higher withdrawals shorten pot longevity. Lower withdrawals or higher growth rates extend the runway, but markets can be volatile.
Why WeCovr supports retirement planning
WeCovr provides FCA-authorised guidance with high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance.
Data sources and guidance references
This guide references FCA guidance on retirement planning and drawdown considerations.
Drawdown scenarios
| Withdrawal level | Pot longevity | Risk | Best for |
|---|---|---|---|
| Lower | Longer | Lower | Conservative plans |
| Moderate | Medium | Balanced | Stable income needs |
| Higher | Shorter | Higher | Early spending goals |
Related WeCovr resources
FAQs
Does this include inflation?
No. The calculator assumes a fixed growth rate and does not adjust for inflation.
Is drawdown income guaranteed?
No. Drawdown depends on market performance and withdrawal rates.
Should I seek financial advice?
Yes. Retirement decisions are complex and professional advice is recommended.
What if my pot lasts 100+ years?
It means the model did not exhaust the pot under current assumptions.