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 BalanceActual WithdrawalMinimum Allowable WithdrawalMaximum Allowable WithdrawalExpected Investment Income
2018100,0007,0004,5507,0004,827
201997,8276,8484,6576,8484,722
202095,7019,5704,7859,5704,549
202190,6809,0684,7709,0684,310
202285,9228,5924,7778,5924,084
202381,4148,1414,7878,1413,870
202477,1437,7144,8217,7143,667
202573,0967,3104,8767,3103,474
202669,2606,9264,9456,9263,292
202765,6266,5635,0476,5633,119
202862,1826,2185,1806,2182,956
202958,9205,8925,3565,8922,800
203055,82810,0005,58310,0002,544
203148,37212,0935,37412,0932,120
203238,39910,0004,80010,0001,673
203330,07210,0004,29710,0001,257
203421,32910,0003,55610,000819
203512,14810,0002,43010,000360
20362,5082,5086272,50863
2037636316632
203822020
203900000
204000000
204100000
204200000