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We introduce the countdown $μ$-calculus, an extension of the modal $μ$-calculus with ordinal approximations of fixpoint operators. In addition to properties definable in the classical calculus, it can express (un)boundedness properties such as the existence of arbitrarily long sequences of specific actions. The standard correspondence with parity games and automata extends to suitably defined countdown games and automata. However, unlike in the classical setting, the scalar fragment is provably weaker than the full vectorial calculus and corresponds to automata satisfying a simple syntactic condition. We establish some facts, in particular decidability of the model checking problem and strictness of the hierarchy induced by the maximal allowed nesting of our new operators.