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
2021100,00010,0005,26010,0004,753
202294,7539,4755,2689,4754,504
202389,7828,9785,2798,9784,267
202485,0718,5075,3178,5074,043
202580,6078,0615,3768,0613,831
202676,3777,6385,4537,6383,630
202772,3697,2375,5657,2373,440
202868,5726,8575,7126,8573,259
202964,9746,4975,9066,4973,088
203061,56510,0006,15610,0002,831
203154,39613,5996,04313,5992,384
203243,18110,7955,39810,7951,892
203334,27810,0004,89810,0001,467
203425,74510,0004,29210,0001,040
203516,78510,0003,35710,000592
20367,3777,3771,8447,377187
2037187187471875
203855150
203900000
204000000
204100000
204200000
204300000
204400000
204500000