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How Much Can I Drawdown and For How Long?

Retireinten · 2025-02-05 08:32:18

Just trying to sense check figures from various online calculators. Current DC pot is £225k, plan is to pay £13.5k into this from salary for another 6 years. Contributions will stop at this point and the pension will have a further two years to 'grow' before I commence drawdown at 57. Aim is to drawdown £19k for 11 years…

Comments

Albermarle Posts: 30,771 Forumite

5 February 2025 at 4:49PM

Retireinten said:

I currently assume no real growth, in other words, the pot grows to match inflation and its value is maintained.

I find the various pension calculators confusing when it comes to growth rates. So if the assumed inflation rate is 2% and the growth rate is 5%, is the real growth rate 3% (less a % for fees) applied to the pot?

Yes, simple as that.
Normally a cautious but realistic approach would be to work on 1% or 2 % real growth.

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