Pension Forecaster - online tools

RSTime

My wife has a SIPPS and just retired. At a meeting with her financial advisor she was shown a forecast of long her pension would last with different spend rates with her state pension and savings added in.

I am retired and have a DB pension and savings and will get a state pension at 67. Are there any online tools that will allow me to forecast how long my pension will last at a given annual spend rate?

QrizB

Your state pension, and (unless it's really weird) your DB pension, will both continue until you die.

Your savings will last as long as you choose to spin them out for.

There are various retirement modelling tools - Guiide gets regular mentions on this forum, for example. But unless your savings are a major part of your retirement planning, you might not need anything they complicated.

Smudgeismydog

As your wife has a SIPP, she has a pot of money.
You have a DB and State pension, which are not pots of money, so as @QrizB noted, yours can’t ’run out’. They will just keep paying (and increasing over time) for the duration of your life.