Retirement calculator
Discussion
bhstewie said:
For anyone playing around with Timeline be careful with how it appears to handle pensions.
I'm seeing some weird stuff in the "Cashflow" section where it seems to be showing me withdrawing money from my pension whilst I'm still in my 40's which is clearly not possible.
It doesn't seem to matter whether I set that pot to Uncrystallised or Flex-Access Drawdown.
Maybe I'm missing something.
Check client profile page, you input your retirement year.I'm seeing some weird stuff in the "Cashflow" section where it seems to be showing me withdrawing money from my pension whilst I'm still in my 40's which is clearly not possible.
It doesn't seem to matter whether I set that pot to Uncrystallised or Flex-Access Drawdown.
Maybe I'm missing something.
Claret m said:
Check client profile page, you input your retirement year.
Thanks but that was all done already It doesn't seem to matter what retirement age I put in there (55, 60, 65 whatever) it still shows withdrawals from an "investment account" that isn't accessible in my 40's as it's a pension.
There doesn't seem a way to tell it an "investment account" can't be accessed until a certain age.
bhstewie said:
Claret m said:
Check client profile page, you input your retirement year.
Thanks but that was all done already It doesn't seem to matter what retirement age I put in there (55, 60, 65 whatever) it still shows withdrawals from an "investment account" that isn't accessible in my 40's as it's a pension.
There doesn't seem a way to tell it an "investment account" can't be accessed until a certain age.
voyant help said:
Deferring pension drawdowns or taking them earlier than one’s planned retirement age is now handled using Withdrawal Limits, a new panel on the Money Purchase and Drawdown Pensions screens.
https://support.planwithvoyant.com/hc/en-us/articles/360020531752-Scheduling-planned-withdrawals-from-pensionsBrett748 said:
We are also definitely heading for a crisis with pensions that auto-enrolment is not doing enough to sort out. The average salary of £31,000 PA| has an auto enrolment contribution of approximately £2,500 PA.
People are going to live a very miserable later life or work indefinitely at this rate.
I earn less than that (£28k) and have resigned myself to the fact I shall likely work till the very end. Positives are that I am on the property ladder and thoroughly enjoy my job, and never have to work any evenings or weekends. I’m also able to put away a few hundred a month. So, not feeling any adverse effects of being distinctly less than average at the moment, but in 30 years or so I’m sure it will come back to bite me.People are going to live a very miserable later life or work indefinitely at this rate.
I’m not going to waste time worrying about it.
bigandclever said:
bhstewie said:
Claret m said:
Check client profile page, you input your retirement year.
Thanks but that was all done already It doesn't seem to matter what retirement age I put in there (55, 60, 65 whatever) it still shows withdrawals from an "investment account" that isn't accessible in my 40's as it's a pension.
There doesn't seem a way to tell it an "investment account" can't be accessed until a certain age.
voyant help said:
Deferring pension drawdowns or taking them earlier than one’s planned retirement age is now handled using Withdrawal Limits, a new panel on the Money Purchase and Drawdown Pensions screens.
https://support.planwithvoyant.com/hc/en-us/articles/360020531752-Scheduling-planned-withdrawals-from-pensionsThe amounts it shows being withdrawn are pretty small it just has me cautious that if it appears to have got that wrong what else might not be as it appears?
I'm sure everyone appreciates this, but if you are using Timeline (or any historical sustainable withdrawal analysis research/tools) it's probably worth ensuring your portfolios are broadly aligned with the available asset classes.
If you are holding a concentrated fund with, for example, large-cap growth stocks (or whatever was working pre-2022) you're going to struggle to generate anything meaningful from Timeline (and Abraham will probably terminate your account )
If you are holding a concentrated fund with, for example, large-cap growth stocks (or whatever was working pre-2022) you're going to struggle to generate anything meaningful from Timeline (and Abraham will probably terminate your account )
Here's another drawdown calculator that I think has recently been improved. you can also select the Vanguard guardrail drawdown method to see if your money MIGHT last - https://ficalc.app
Edited by Mazinbrum on Wednesday 5th October 15:36
Mazinbrum said:
Here's another drawdown calculator that I think has recently been improved. you can also select the Vanguard guardrail drawdown method to see if your money MIGHT last - https://ficalc.app
How do you select GBP based returns and inflation?Edited by Mazinbrum on Wednesday 5th October 15:36
Derek Chevalier said:
Mazinbrum said:
Here's another drawdown calculator that I think has recently been improved. you can also select the Vanguard guardrail drawdown method to see if your money MIGHT last - https://ficalc.app
How do you select GBP based returns and inflation?Edited by Mazinbrum on Wednesday 5th October 15:36
Are US returns based on purely investing in the US?
Mazinbrum said:
Derek Chevalier said:
Mazinbrum said:
Here's another drawdown calculator that I think has recently been improved. you can also select the Vanguard guardrail drawdown method to see if your money MIGHT last - https://ficalc.app
How do you select GBP based returns and inflation?Edited by Mazinbrum on Wednesday 5th October 15:36
Are US returns based on purely investing in the US?
https://guide.ficalc.app/how-it-works/historical-d...
Certainly, UK sustainable withdrawal rate numbers tend to be lower than US, mainly due to us having a particularly nasty time in the 1970s.
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