ii SIPP
Important information: A SIPP is for those wanting to make their own investment decisions when saving for retirement. As investment values can go down as well as up, the amount you retire with could be worth less than you invested. Usually, you won’t be able to withdraw your money until age 55 (57 from 2028). Before transferring your pension, check if you’ll be charged any exit fees and make sure you don't lose any valuable benefits such as, guaranteed annuity rates, lower protected pension age or matching employer contributions. If you’re unsure about opening a SIPP or transferring your pension(s), please speak to an authorised financial adviser.
How to use the drawdown calculator
The drawdown calculator provides an illustration of how your pension income might look, based on things like retirement age and your estimated pot size.
Simply enter your details using the sliders and then adjust to see how a few changes could make a difference.
Annual target retirement income
Retirement age
Estimated pension pot at retirement
Tax-free Lump Sum taken %
Pension investment growth rate
Based on an estimated pension value of £300,000 when retiring at 65 years of age
The estimated pension value at 99 will be£1,431
Income could run out at86
It is important to understand that the drawdown calculator only gives an estimate. Many factors are unknown and assumptions have been made. It is designed to show how making a few small changes can make a difference to your retirement. It does not provide a pension illustration.
We provide a pension illustration when you apply to open a SIPP account. We provide further illustrations annually and at other important times, such as when benefits are accessed. These are based on individual circumstances and the rules and assumptions set out by the Financial Conduct Authority.
How the drawdown calculator works
Where can I learn more about drawdown?
Head over to our SIPP income drawdown page for an explanation of how it works, and how it compares with other options such as UFPLS and annuity.
Important information: A SIPP is for those wanting to make their own investment decisions when saving for retirement. As investment values can go down as well as up, the amount you retire with could be worth less than you invested. Usually, you won’t be able to withdraw your money until age 55 (57 from 2028). Before transferring your pension, check if you’ll be charged any exit fees and make sure you don't lose any valuable benefits such as, guaranteed annuity rates, lower protected pension age or matching employer contributions. If you’re unsure about opening a SIPP or transferring your pension(s), please speak to an authorised financial adviser.