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  • FIRST POST
    • TheShape
    • By TheShape 12th Aug 18, 5:08 PM
    • 1,424Posts
    • 1,298Thanks
    TheShape
    Calculator
    • #1
    • 12th Aug 18, 5:08 PM
    Calculator 12th Aug 18 at 5:08 PM
    This is related to a calculation I'm trying to make re pension provision. I've not put it in the pension forum as it's not a question re pensions or pension schemes.

    I'm looking for a calculator or an easy way to calculate how much income I can draw over a fixed period of time from a fixed capital sum while reducing the capital sum to zero.

    Background: I can estimate reasonably well my income from State pension age from state pension and DB pensions but want to work out what income i can take from SIPP/LISA/ISA over various time-frames previous to this.
Page 1
    • masonic
    • By masonic 12th Aug 18, 5:14 PM
    • 10,286 Posts
    • 7,637 Thanks
    masonic
    • #2
    • 12th Aug 18, 5:14 PM
    • #2
    • 12th Aug 18, 5:14 PM
    You mean something like http://www.cfiresim.com/ or https://www.firecalc.com/index.php ?
    • Zero Sum
    • By Zero Sum 12th Aug 18, 5:15 PM
    • 594 Posts
    • 486 Thanks
    Zero Sum
    • #3
    • 12th Aug 18, 5:15 PM
    • #3
    • 12th Aug 18, 5:15 PM
    Its exactly the same as a mortgage calculator.
    Put in capital, rate & time. The result is your income
    • ColdIron
    • By ColdIron 12th Aug 18, 5:20 PM
    • 4,839 Posts
    • 6,405 Thanks
    ColdIron
    • #4
    • 12th Aug 18, 5:20 PM
    • #4
    • 12th Aug 18, 5:20 PM
    HL have this
    https://www.hl.co.uk/pensions/drawdown/calculator

    A stack of calculators here
    http://www.candidmoney.com/calculators/
    • TheShape
    • By TheShape 12th Aug 18, 7:12 PM
    • 1,424 Posts
    • 1,298 Thanks
    TheShape
    • #5
    • 12th Aug 18, 7:12 PM
    • #5
    • 12th Aug 18, 7:12 PM
    Its exactly the same as a mortgage calculator.
    Put in capital, rate & time. The result is your income
    Originally posted by Zero Sum
    I think this does exactly what I need.
    • TheShape
    • By TheShape 12th Aug 18, 7:16 PM
    • 1,424 Posts
    • 1,298 Thanks
    TheShape
    • #6
    • 12th Aug 18, 7:16 PM
    • #6
    • 12th Aug 18, 7:16 PM
    Thanks ColdIron,

    I've tried the HL drawdown calculator but it a pain as I have to pretend I'm at least 55 and mess about with the monthly income levels to try to get it to run the capital down over 2,3,4,5 etc years.

    The other calculators similarly need a lot of messing about with.
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