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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 the quick check to see your result here.

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The full mapner helps test the pension choice against actual spending, survivor needs, portfolio risk, and tax timing.

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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.

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Read the answer behind the calculator.