A computer program product for performing error recovery is configured to perform a method that includes creating, by a processor, a recovery checkpoint. The processor is dynamically switched into a non-recoverable processing mode of operation based on creating the software recovery checkpoint. The non-recoverable processing mode of operation is a mode in which a subset of hardware error recovery resources are powered-down or re-purposed for instruction processing. It is determined, during the non-recoverable processing mode of operation, that a new software recovery checkpoint is required. Based on the determining that a new software recovery checkpoint is required, the processor is dynamically switched into a recoverable processing mode of operation. The recoverable processing mode of operation is a mode in which hardware error recovery resources, including at least one of the hardware error recovery resources in the subset, are purposed for hardware error recovery operations.