Drawdown Calculator

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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.

Instructions

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

Date of birth (DD/MM/YYYY)

Current Account Balance

Select Withdrawal

Minimum Allowed

Maximum Allowed

Annual Withdrawal

Increase withdrawals each year by the rate of inflation

Select Start Date of Payments

This year

Age 55 (Early Retirement)

Age 65 (Normal Retirement)

Select Date (DD/MM/YYYY)

Instructions

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

Low Risk Tolerance - 3%

Moderate Risk Tolerance - 5%

High Risk Tolerance - 7%

Select Assumed Rate of Return:

% per year

Other

Assumed Rate of Inflation

Number of Drawdown Years

years

Instructions

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

Year	Account Balance	Actual Withdrawal	Minimum Allowable Withdrawal	Maximum Allowable Withdrawal	Expected Investment Income
2023	100,000	10,000	5,880	10,000	4,753
2024	94,753	9,475	5,922	9,475	4,504
2025	89,782	8,978	5,988	8,978	4,267
2026	85,071	8,507	6,074	8,507	4,043
2027	80,607	8,061	6,199	8,061	3,831
2028	76,377	7,638	6,362	7,638	3,630
2029	72,369	7,237	6,578	7,237	3,440
2030	68,572	10,000	6,857	10,000	3,182
2031	61,754	15,438	6,861	15,438	2,706
2032	49,022	12,256	6,128	12,256	2,148
2033	38,914	10,000	5,561	10,000	1,699
2034	30,613	10,000	5,103	10,000	1,284
2035	21,897	10,000	4,379	10,000	848
2036	12,745	10,000	3,186	10,000	390
2037	3,135	3,135	784	3,135	79
2038	79	79	20	79	2
2039	2	2	0	2	0
2040	0	0	0	0	0
2041	0	0	0	0	0
2042	0	0	0	0	0
2043	0	0	0	0	0
2044	0	0	0	0	0
2045	0	0	0	0	0
2046	0	0	0	0	0
2047	0	0	0	0	0