Argus Retirement Drawdown Calculator

When you reach retirement, you can choose to either purchase an annuity or to make withdrawals from your pension account. If you are participating in a Bermuda registered plan, withdrawal payments will be made over your lifetime and the maximum withdrawal rate will be determined by the Pension Commission.

The Argus Retirement Calculator illustrates the estimated drawdown payments based on your account balance, commencement age and assumed rates of return. In the event of your death, the account balance will be payable to your beneficiary.


To get a sense of the lifetime drawdown payments you could receive at retirement, complete the information and click the Update Results button.

Data Input

Drawdown Information



Select Withdrawal



Select Start Date of Payments


Enter your current balance and planned annual withdrawals. Then see how your assets change over time, based on the selected assumed rate of return.

Assumptions

Select Assumed Annual Rate of Return

 

% per year

Other

Assumed Rate of Inflation 
 %

Number of Drawdown Years 
 years

Select an assumed rate of return based on your risk tolerance or enter your own. The assumed rate of inflation only applies to planned withdrawals when you select the option for payments to keep track with future cost-of-living increases.

Results

Illustration of Assets with Retirement Drawdown

This chart illustrates how your assets may evolve over time based on the selected assumed rate of return. You will also find below the split between the initial capital and expected investment income, and a cash flow table.


Split Between Capital and Assumed Investment Income and Data Table

This chart shows the portion of the accumulated value of your assets that is capital and the portion that is expected investment income for the entire retirement drawdown period.


Cash Flow Table


YearAccount BalanceMaximum Allowable WithdrawalMaximum Withdrawal PercentageExpected Investment Income
2017100,0007,0007%4,827
201897,8276,8487%4,722
201995,7016,6997%4,620
202093,6229,36210%4,450
202188,7108,87110%4,216
202284,0558,40610%3,995
202379,6447,96410%3,786
202475,4667,54710%3,587
202571,5067,15110%3,399
202667,7546,77510%3,220
202764,1996,42010%3,051
202860,8306,08310%2,891
202957,6385,76410%2,740
203054,6145,46110%2,596
203151,74912,93725%2,268
203241,08010,27025%1,800
203332,6108,15225%1,429
203425,8876,47225%1,135
203520,5505,13825%901
203616,3134,07825%715
203712,9503,23825%568
203810,2802,57025%451
20398,1612,04025%358
20406,4791,62025%284
20415,1431,28625%225