The value of investments and any income from them can fall and you may get back less than you invested.

Explore how long your pension pot might last in retirement

The biggest pension changes for generations have come into force. From the age of 55 you’ll have more choice and control over your pension pot and how you access it.

We have built a Pension Drawdown Calculator to help you predict how long your pension pot might last.

We have illustrated below a couple of examples of what might happen to your pension pot over time.

Example 1

Here we have a pension pot of £250,000, with withdrawals of £25,000 a year gross. The chart shows a range of possible outcomes if the pot is invested in a medium-risk portfolio. 

Starting with the initial £250,000, the chart shows how the pot depletes over time. At the higher end of our expectations, the pot lasts for as much as 20 years. At the lower end of our expectations, in the dark pink, the pot may last only in the region of nine years.

Example 2

This time, the pension pot is £500,000, with withdrawals of £50,000 a year gross. The chart shows a range of possible outcomes with the pot invested in a high-risk portfolio.

At the lower end of our expectations, in the dark pink, the pot may last only in the region of eight years. But at the higher expectation, after 25 years, the pension pot may still be worth around £300,000.

Click here and input the value of your pension pot and the amount you intend to withdraw. Explore the potential effects of changing your risk appetite or the amounts you withdraw.

The value of investments and any income from them can fall and you may get back less than you invested.

Any tax advantages mentioned are based on current legislation and personal circumstances which are subject to change.

The opinions expressed in this document are not the views held throughout Brewin Dolphin Ltd. 

No investment is suitable in all cases and if you have any doubts as to an investment's suitability then you should contact us.

The information contained in this article has been taken from public sources disclosed in this presentation and is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness.

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