Contractor Pension Calculator
Project your pension pot and sustainable retirement income. See your tax-free lump sum and 4% drawdown income.
Your Details
1% (cautious)5% (moderate)12% (aggressive)
Projected Pot at 67 (32 years)
£1,162,358
Tax-Free Lump Sum (25%)
£290,589
Remaining Pot (75%)
£871,768
Monthly Income (4%)
£3,875
Annual Income (4%)
£46,494
Projected Growth
35
38
41
44
47
50
53
56
59
62
65
Summary
Current pension pot£50,000
Total contributions over 32 years£384,000
Investment growth£728,358
Projected pot at retirement£1,162,358
Tax-free lump sum (25%)£290,589
Sustainable annual income (4% drawdown)£46,494
Sustainable monthly income£3,875
Projections are illustrative only. Growth rates are not guaranteed. The 4% rule is a guideline, not a guarantee. Tax-free cash is capped at £268,275 (lifetime allowance removed April 2024, lump sum allowance applies). Seek independent financial advice for retirement planning.