The Situation
The scenario models a 57-year-old Senior HR Director earning £80,000 a year, with two pension pots — a £350,000 workplace DC pension and an £85,000 legacy SIPP — plus a £42,000 Stocks & Shares ISA.
The main home is worth £385,000 with £65,000 outstanding mortgage. Planned retirement is age 62 on £38,000 per year. The question the projection answers: will the money last, and how much can be taken tax-free?
Scenario dashboard — projection hero with KPI cards
What Wealth365 Showed
Wealth365 consolidates both pension pots into a single projection. The PCLS calculator shows £108,750 of tax-free cash available at retirement — well within the £268,275 Lump Sum Allowance — leaving £326,250 in drawdown.
With the State Pension starting at 67 (£11,502/year), the projection sustains planned spending comfortably to age 90 under a 5% growth assumption, with around £180,000 still remaining at life expectancy.
Year-by-year projection with income, expenses and net worth
The Feature That Changed Things
The PCLS & Drawdown section models different withdrawal rates side-by-side, comparing the impact of taking more tax-free cash upfront versus phasing withdrawals across retirement as two separate scenarios.
The Monte Carlo simulation gives an 82% probability of never depleting the funds before age 90, even under the stressed 10th-percentile market path.
PCLS calculator showing tax-free lump sum and remaining drawdown pot
KPI summary — on-track %, projected wealth at retirement, and sustainable income
Key Numbers from the Plan
Computed live from the Wealth365 projection ledger for this scenario’s seeded plan.
What They Did Next
The Scenario Builder tests retiring at 60 instead of 62. Two extra working years add £42,000 to the drawdown pot and push the on-track score from 87% to 94%.
The white-labelled PDF report and the Multi-Year Financial Statements (Excel) are both produced from the same plan — share with an IFA to skip the data gathering step entirely.
Custom-branded PDF report — ready to share or save (Multi-Year Financial Statements Excel workbook produced from the same plan)