The pitch reducer consists of several planetary gearsets, and they should have good load distribution over gear tooth flank and load sharing among the planets to improve the durability. This work investigates how bearing internal clearances influence both the load distribution over the gear tooth flank and the planet load sharing. A whole system model is developed to analyze a pitch reducer. The model includes non-linear mesh stiffness of gears, non-linear stiffness of bearings. The results indicate that the face load factor and mesh load factor decrease, and the fatigue life of output shaft bearings increase as bearing internal clearances of output shaft decrease. Therefore, the internal clearance of output shaft bearing must be considered when designing the pitch reducer for wind turbines.