At-Retirement Income Modeler

Compare two core retirement timeline scenarios side-by-side: illustrative monthly income and available capital modeling retiring today versus waiting 1, 3, or 5 years.

Model Parameters Impartial & Free

Retire Today Age 60

Delay Retirement By +3 Years

Current Total Pension Pot £250,000

Ongoing Monthly Contribution £400/mo

Estimated Net Annual Growth

Income Withdrawal Method

Comparison

Illustrative Scenario: Delaying 3 years projects an estimated difference of +£14,052 capital (today's money) and +£35/mo illustrative income (after tax).

Income not taken while waiting: £22,500 (today's money)

Contributions paid while waiting: £13,709 (today's money)

Continued contributions and illustrative compounding indicate a potential +5.6% difference in modeled monthly income.

Option A

Retire Today (Age 60)

Total Pot Today £250,000

Initial Capital Allocation (Illustrative 25%) £62,500

Crystallized Income Pot (75%) £187,500

Monthly Drawdown (After Tax) £625/mo

State Pension Gap 7 Years (to SPA 67)

Option B · DelayedRetire in 3 Years (Age 63)

              Projected Future Pot (Today's Money)
              £264,052
            
              Modeled Capital Allocation (Illustrative 25%)
              £66,013 (+£3,513)
            
              Crystallized Income Pot (75%)
              £198,039
            
              Monthly Drawdown (After Tax)
              £660/mo (+5.6%)
            
              State Pension Gap
              4 Years (3 Saved)

Pot Composition & Capital Allocation Gold = Capital · Navy = Income Pot

Option A (Age 60) £250,000

Option B (Age 63) £264,052

Illustrative Capital Amount

Crystallized Income Generating Pot

Impartial Statutory Guidance: This modeler is an educational projection tool and does not constitute regulated financial advice. Calculations model 25% tax-free cash (capped at statutory £268,275 LSA under Finance Act 2024), safe withdrawal drawdown, empirical benchmark annuity yields, and statutory State Pension Age (66–68) bridging. Planning your first lump sum withdrawal? Check Month 1 PAYE deductions and HMRC reclaim routing with our Emergency Tax Guide & Reclaim Calculator. For free, impartial guidance on decumulation options and retirement planning, visit MoneyHelper or book a session with Pension Wise.