Drawdown risk calculator

This tool makes a number of assumptions that vary on the basis of your inputs in respect of gender, retirement age, current health, pension fund and your monthly drawdown income requirement, along with specific assumptions detailed below.

Both the annuity and drawdown products are assumed to pay the income monthly and assume that your health remains the same until death.

The figures provided by the tool are not guaranteed and are based on information provided by you, historical and projected performance and longevity. Actual figures may vary and the tool should only be used as a general guide, we strongly recommend that you should seek financial advice before making any decisions.

The longevity assumptions are based on UK Pensions Industry Data (The Continuous Mortality Investigation 2017) and your own assessment of your general health as shown in the information tab in the above tool.

• It assumes that you make no changes to the income withdrawn.
• The investment assumptions are based on total return investment performance for each asset class on a historical basis and projected on a similar basis running 1,000 simulations that, when projected alongside appropriate life expectancy levels, produce the percentage chance of you running out of money prior to death.
• Unless otherwise stated, the assumed charges on the drawdown plan include an annual 0.65% Fund Management Charge, an annual 0.5% Product Charge and an annual 0.5% Ongoing Adviser Charge, no assumptions have been made around the cost of any initial advice which may be deducted from the invested amount.
• Unless otherwise stated, we have assumed that you have some capacity to take investment risks and invest in a fund which comprises of the following investment types - 28% UK Equities, 30% Mature International Equities, 24% Investment Grade Bonds, 6% High Risk Bonds, 5% Government Bonds, 7% Property. This type of fund would be considered to have a fund risk of '5' when assessed on an attitude to risk scale of 1 to 10.

• The guaranteed annual income has been calculated using the selected scenario to generate an indicative annuity rate from Just on a level basis, assuming a five year guarantee, paid monthly using rates based on an RH2 7RT postcode obtained on 02/11/2023.