Reaching retirement with a pension fund is only the beginning — the critical question is: how do you convert accumulated savings into a sustainable, lifetime income without running out of money? We model and advise on two main options. An annuity provides a guaranteed fixed monthly income for life (or a fixed term), eliminating longevity risk — you cannot outlive your income. Income drawdown provides flexible access to your pension fund while keeping it invested, allowing higher potential returns but requiring careful management to avoid premature depletion. The right choice depends on your health, age, dependants, risk appetite, and expected retirement duration. We model both options side by side so you retire with full financial clarity and confidence.