Financial Projection

A work in progress - not financial advice - might have bugs

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Personal Info

Current Age

Include Spouse?

Do you want to include spouse pension/savings in the simualation. The simulation will run assuming both people survive until your chosen simulation end age

Spouse Current Age

Simulation end age

This should be the age at which you want to simulate surviving to (for drawdown simulation) or the age at which you want to simulate investment growth to (no drawdown simulation)

Model retirement drawdown?

Models flexible drawdown from investments after your chosen retirement age

Growth Rates

The simulation will always use a constant growth percentage for investments during your accumulation phase before drawdown. Then you can choose to simulate historic growth (assuming global or US stocks) or constant growth during drawdown.

Investment Growth %

This is the expected growth rate after inflation for your investments (pension/ISA/GIA...)

Simulation Type (During drawdown) Historic (Global) Historic (US) Constant Rate Growth

Cash Savings Growth %

This is the expected growth rate after inflation for your cash savings

Retirement Drawdown

Retirement Age

Annual Drawdown (Under 75)

When you might want to spend a bit more

Annual Drawdown (75-89)

When you might want to spend a bit less

Annual Drawdown (90+)

When you might want to spend more for care

You

Your State Pension

Spouse

Spouse State Pension

Your State Pension Age

Spouse State Pension Age

Your Defined Benefit Pension

Spouse Defined Benefit Pension

Your Defined Benefit Pension Age

Spouse Defined Benefit Pension Age

Your Simulated Death Age

Spouse Simulated Death Age

Alternative Scenarios (A)

You are currently editing Scenario A

Scenario A Scenario B

Copies all setting from your scenario A to scenario B. You can then make changes to scenario B and use the radio button above to switch between them to see the impact.

What would your drawdown look like if you retired in year = []

Withdrawals - For simulation year

The withdrawal strategy is very basic. First use state pension and DB pension, then try to take the remainder from defined contribution pension. Any remainder will be taken from main cash, then ISA, then GIA.

Drawdown and Tax - For simulation year

The withdrawal strategy is very very basic, but hopfully it gives an idea. We try to take the full drawdown amount from pension, then cash, then ISA, then GIA. If there are any tax implications then we try to drawdown the tax amount from cash and ISA. GIA withdrawals are all assumed to have a 10% GCT liability. The pension is assumed to have a 25% tax free entitlement for each withdrawal. Tax on the remainder is calculated using the normal income tax bands.

Historical Retirement Year:

Total Assets - For simulation year

This shows the accumulation and drawdown of the assets over the course of the selected simulation.