Pension Calculator

Estimate pension income from a pot. Enter pot value, retirement age, life expectancy, growth, and withdrawal method. Get annual pension and total payout. Informational only—consult a financial advisor. Explore more tools on free calculators on CalculatorBolt.

Calculator

Annual Pension
Total Years Paid
Total Payout

How it works

Annuity: Adjusted Pot = Pot × (1+g)^Years; Annual Pension = Adjusted Pot / Years. Systematic: Annual Pension = Pot × Rate. We calculate annual pension and total payout based on method.

Inputs explained

Pension Pot, Retirement Age, Life Expectancy, Expected Annual Growth, Withdrawal Method (Annuity or Systematic), Systematic Withdrawal Rate.

Example

Pot=$300,000, Retirement=65, Life=85, Growth=5%, Annuity → Years=20; Adjusted Pot≈$795,989; Annual Pension≈$39,800; Total Payout≈$796,000.

Tips & notes

  • Annuities provide guaranteed income but may have lower flexibility.
  • Systematic withdrawals keep the pot invested but risk depleting it early.
  • Consider inflation and taxes when planning withdrawals.

FAQs

4% is a common guideline, but it varies by market conditions and lifespan.

We use Adjusted Pot / Years. Real annuities vary by provider, age, and interest rates.

It provides an estimate. Actual pension payouts vary by provider and terms. Consult a financial advisor.

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Disclaimer

Informational estimate only. Does not account for taxes, fees, or inflation. Consult a qualified financial advisor for personalized advice.

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Author: CalculatorBolt Editorial Team
Reviewed by: Finance/Investing Editor
Published: • Updated: