Are you at or in retirement and want to know how long your money could last with income drawdown?

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Age your money could last until

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00most likely
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Your life expectancy is 92

Warning, your life expectancy is 92

Hi, my name is Fin. I'm a financial assistant created by EValue.
What's your name?
John
John, it's great to meet you.
I see you're interested in income drawdown. I can help you with this by showing you how long your money could last in retirement.
You can then explore how much to withdraw from your savings each month, and how to invest your money so that it doesn't run out too soon.
I have 6 quick questions to ask you, then we can look at your results.
Please tell me your age to get us started.
58
Thanks. Are you male or female? This will help me estimate the age you might live until.
Gender
Male
Let's move on to your money. How much do you have saved for retirement?
£100,000
How is your money invested?
Medium risk investment
Thanks John. I'll show you how long your money could last in a [How invested]. You'll be able to explore the other options later if you want.
What income (before tax) do you plan to take each month?
£1250.00
Thanks. Here's the last question.
What would be the consequence of your money running out before you die?
Go back to work
Let's calculate a range of possible outcomes…
Thanks John. We're now ready to look at how long your money could last in retirement.
The most likely outcome is that your money will last until you are [midReturn].
However, if your investment performance is very poor, your money may only last until you are [lowReturn].
And if your investment performance is very good, your money may last until you are [highReturn].
Your life expectancy of [lifeExpectancy] is based on data from [gender]s that retired at [age].
As it is likely that your money will not last beyond your life expectancy, you'll probably [consequence statement] before you die. If you're entitled to a State Pension you will continue to receive that income. Explore changing your investment strategy, or monthly income to see what happens to the results.
It is very likely that your money will last beyond your life expectancy. However, you can still explore changing your investment strategy or monthly income to see what happens to the results.
It's likely that your money will last beyond your life expectancy. However, there is still a chance that it could run out and you'll [consequence statement] before you die. If you're entitled to a State Pension you will continue to receive that income. Explore changing your investment strategy, or monthly income.

Monthly income required

Income increase rate

Investment type

Meet Fin, a digital financial assistant we've developed at EValue to answer difficult questions such as this!

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Important information

This service offers you guidance on how long your money could last but it is not advice or a personal recommendation. We recommend that you seek personal, regulated financial advice to check that you're making the right decision for your circumstances and that you understand your options and the risks.

You can find an independent financial adviser at Unbiased. You could also visit The Pensions Advice Service for more information.

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About EValue

EValue is the UK's market leader in the provision of digital, personal finance advice products and services. These products combine expert actuarial knowledge, pioneering asset modelling and risk management. Primarily they are used in the UK by banks, product providers, advisers and employers to enable them and their customers/employees to understand and make complex, individual, personal financial decisions.

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