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.
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.
Select Assumed Annual Rate of Return
Assumed Rate of Inflation
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.
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|