How Much Could I Withdraw Annually

numpty_dumpty

Currently 51, what does the hive mind think I could pay myself annually if I jumped next year at 52 based on the numbers below:-
Currently have £470k between DC pensions S&S ISA and cash, will add about £30k before 52, so say £500k at 52.
Will get a 7k DB pension at 60 and full state pension (9.1k) at 6
I have my own number but I'm interested to see what others make of it in comparison.

BritishInvestor

numpty_dumpty said:

Currently 51, what does the hive mind think I could pay myself annually if I jumped next year at 52 based on the numbers below:-
Currently have £470k between DC pensions S&S ISA and cash, will add about £30k before 52, so say £500k at 52.
Will get a 7k DB pension at 60 and full state pension (9.1k) at 6
I have my own number but I'm interested to see what others make of it in comparison.

You'd need to supply more info such as
Age of partner if in a relationship
Asset allocation
Fees
Whether you wanted 100% success rate (based on historical outcomes) or were happy to accept some flexibility
etc

ian16527

Only your S&S ISA as I think you cant take the pensions until your 55

Thrugelmir

Set your objectives first. 

[Deleted User]

For a quick idea - pump your numbers into http://www.cfiresim.com

Paul_Herring

numpty_dumpty said:

Currently 51, what does the hive mind think I could pay myself annually if I jumped next year at 52 based on the numbers below:-
Currently have £470k between DC pensions S&S ISA and cash, will add about £30k before 52, so say £500k at 52.
Will get a 7k DB pension at 60 and full state pension (9.1k) at 6
I have my own number but I'm interested to see what others make of it in comparison.

Depends on how much are in those ISA's, since you won't be able to touch your pensions until at least 55.

numpty_dumpty

Ok a little more info. The DC is 320k and 80/20 equities/bonds ISA is 120k and 100% equities. 20k in cash and 10k in P2P. Looking for lower risk (100% success on historic data). Assuming fees about 1%.

AnotherJoe

And whats the objective with the ISA? Run it down to zero by the time you are 55? 67? Or keep it static? Or ....

And where are you adding the £30k? Pension or ISA?

numpty_dumpty

AnotherJoe said:

And whats the objective with the ISA? Run it down to zero by the time you are 55? 67? Or keep it static? Or ....

And where are you adding the £30k? Pension or ISA?

ISA is primarily to bridge until 55 then run down. 30k will go in pension.

michaels

About 23-25k pa

Albermarle

I would say the cash element is too low . Especially when you get to the point of drawing from the DC pension , you need a bigger cash buffer to get through market downturns.