Visualising how your pension pot might perform

GenX0212

This is what I did to help visualise potential pension pot performance over time.
I used the fidelity.co.uk planner entering my initial pot and required drawdown at age 56 and then took the high, median, low forecasts at age 67 and my required (lower) drawdown once I start receiving state pension. 

Helped me better visualise potential performance and when my pot might last until better than just looking at a set of a numbers in a spreadsheet. 

My colour coding is based on wanting my pot to last roughly until 75

Posting as an idea in case it helps anyone else thinking about their own pots.

BoxerfanUK

Thanks.  Do you have a link for this please?  I looked on Fidelity's website and the only drawdown calculator I could find looked nothing like this one!

LHW99

My colour coding is based on wanting my pot to last roughly until 75

Unless you have a life limiting illness, the median age at death for the UK was 82.3 years for males and 85.8 years for females, and the most common age at death was 86.7 years for males and 89.3 years for females in 2018 to 2020 https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/lifeexpectancies/bulletins/nationallifetablesunitedkingdom/2018to2020

Covid will have had an effect, but that should work itself out in a decade or two.

What do you plan to live on for the last 10+ years of your likely life - will state pension be enough

GenX0212

LHW99 said:

My colour coding is based on wanting my pot to last roughly until 75

Unless you have a life limiting illness, the median age at death for the UK was 82.3 years for males and 85.8 years for females, and the most common age at death was 86.7 years for males and 89.3 years for females in 2018 to 2020 https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/lifeexpectancies/bulletins/nationallifetablesunitedkingdom/2018to2020

Covid will have had an effect, but that should work itself out in a decade or two.

What do you plan to live on for the last 10+ years of your likely life - will state pension be enough

2 State Pensions plus DB income will be enough for a min Moderate retirement which will be plenty by the time we're 75.  Between now and then the pot will give us a Comfortable retirement.

BoxerfanUK said:

Thanks.  Do you have a link for this please?  I looked on Fidelity's website and the only drawdown calculator I could find looked nothing like this one!

Sorry if I wasn't clear it's just something I drew using Pages on the iPad, the projections were from the fidelity website. To me it's easier to visualise the possible outcomes via a picture.