How much of your pension do you want to use for drawdown?
How much tax-free cash do you want to take as a lump sum? (max. 25%)
How much income would you like to take each year?
That's assuming that once you retire, you get a middling return on your cash and equity investments and your fixed interest rate.
Our projections are based on the following assumptions: returns are calculated on a monthly basis; asset allocation is re-balanced back to your desired proportions on an annual basis; income is subtracted monthly from the cash weighting in the portfolio; if there is insufficient cash, it is taken from the fixed interest and equity weightings in proportion with the asset allocation; returns are assumed to be net of fund ongoing charges; we have factored in an ongoing Sipp charge of 0.3%, deducted annually.
These results do not constitute financial advice. They should be used to help you have an informed discussion with an independent financial adviser, who can talk through all of your financial needs and options.
The expected growth projections expressed in this tool are based on assumptions of future performance. They are not guaranteed, and the value of your investments can go down as well as up.