I have tested different withdrawal methods using real market data to show how much you can withdraw from your pension.
Well known methods like the 4% rule FAIL more often than you might think. Using Voyant's cash flow modelling software, I show how long your income could really last.
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👉🏻 Looking for help with Financial Planning?
If you would like to find out how me and my fully qualified team may be able to help you, please email enquiries@virtualfinancialclinic.co.uk.
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This video is for education purposes only and does not represent financial advice. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results. If you are unsure of what to do, always seek advice from a qualified financial adviser.
✅ ABOUT THIS VIDEO ✅
How much income can I get in retirement? 🤔
How much will my pension pay me? 🤔
How much do I need to retire? 🤔
These are all common questions, with few definitive answers. In this video I use Voyant's cash flow modelling system, one of the most powerful financial planning software tools in the world, to clearly demonstrate how much income you can take from your pension and other investments without running out.
I look at retirement funds of £100k, £250k and £500k.
Some people say you should just take out the long term average growth, others use the much lauded '4% rule' - I show exactly how these REALLY do by using forecasting based on historic performance and volatility.
If you want to know how much you can safely withdraw in retirement, or how long your income will last, or whether you have enough to retire, start with this video!
⏰ TIMESTAMPS ⏰
0:00 Start
1:08 The Income Dilemma
2:09 Assumptions For Withdrawals
3:06 £100k Pension Pot - Maximum Withdrawal
6:15 Standard Deviation Explained
8:45 The 4% Rule Tested
9:58 What Is A Safe Withdrawal Rate?
11:30 £250k and £500k Pension Pot Withdrawals
12:35 How Can You Increase Income?
14:34 Other Considerations For Retirement Income
