Finance
Retirement savings
Project a retirement balance from current savings and regular monthly contributions.
Calculators / Finance / Pension income
Pension income calculator
Estimate annual and monthly pension income from a balance and withdrawal rate.
On this page
Estimated annual income20,000
Estimated monthly income1,666.67
Calculator controls
How to calculate
Estimate annual and monthly pension income from a balance and withdrawal rate.
Estimated annual income = balance*withdrawal/100+other; Estimated monthly income = (balance*withdrawal/100+other)/12
Worked example
Pension balance: 500000; Annual withdrawal rate (%): 4; Other annual pension income: 0.
Estimated annual income: 20,000 ; Estimated monthly income: 1,666.67 .
Assumptions and limits
This does not model longevity, investment sequence, inflation, tax, plan guarantees or country-specific pension rules.
Results are rounded for display; calculations use unrounded values. Read our calculation methodology.
Understanding the result
Estimate annual and monthly pension income from a balance and withdrawal rate. The displayed figures use the inputs and formula shown on this page.
When this tool is useful
Use the pension income to compare a scenario, check an estimate, or verify a manual calculation.
Understanding your inputs
| Input | What to enter |
|---|---|
| Pension balance | Enter a number of at least 0.000001 and no more than 1000000000000. |
| Annual withdrawal rate (%) | Enter a number of at least 0 and no more than 100. |
| Other annual pension income | Enter a number of at least 0 and no more than 1000000000000. |
Frequently asked questions
What should I check before using the pension income result?
This does not model longevity, investment sequence, inflation, tax, plan guarantees or country-specific pension rules.
Is this pension income result exact?
It is exact for the stated mathematical model and entered values. Real-world results can differ when rates, timing, fees, definitions or measurement conditions differ.