income calculator · 2 min
Pension lump sum vs annuity
Compare taking monthly pension income with taking a lump sum and investing it for retirement withdrawals.
Quick calculator
Get one quick answer here. Save it to your full map when it counts.
These tools are free and fast. Each one answers a single question. Your full map then ties the answer to income, taxes, health costs, housing, and timing.
Pension choice
Compare the monthly pension with the lump sum
Ready when you are
Run it once. Then change one number and run it again.
The first result gives you the rough answer. The second result usually shows the real lever: age, income, tax bracket, premium, rate, or the monthly gap.
Bring it into the free map
The full mapner helps test the pension choice against actual spending, survivor needs, portfolio risk, and tax timing.
Start my free mapQuick calculator run
Run it, read what the result means, then bring the useful number into the map.
Calculator disclosure
What you'll see here. This is an educational tool. Your planning inputs stay in your browser — The Retirement Atlas does not receive them. The numbers you'll see are observations and projections, not advice. They depend on the assumptions you enter and may not reflect your situation. Identifiable details (name, email, phone) are only collected if you separately choose to save your map, ask for help, or be matched with a licensed annuity specialist, and those flows have their own consent steps. Consult your own licensed financial professional before making any financial decision.
Learn more
Read the answer behind the calculator.
Pension basics
What is a pension?
Read the basic pension income framework before comparing the lump sum.
Pension answer
Pension lump sum or monthly income?
Read the answer that frames the pension choice before running the calculator.
Pension answer
What happens to my pension when I die?
Use the survivor page when pension income needs to be checked for a spouse.