Four ways to draw the same pension and ISA. See how the income moves, how often each approach met its own spending rule, and what was left later — first on the central assumptions, then through every complete UK historical start and resampled market futures.
Use rough figures and change one thing at a time. No sign-up, no account and nothing you enter leaves this browser.
The target is money available to spend. The engine works out the pension withdrawal and tax needed to deliver it.
A percentage or spread-over-years rule lowers or raises spending with wealth. Its “success” cannot be compared with a constant target without also reading the income range.
The market tests use annual UK data from 1871–2020. They show sequence risk across many starts; they do not assign odds to the future.
Source and limits. Historical returns and inflation are from the Jordà-Schularick-Taylor Macrohistory Database, UK 1871–2020, release R6, under CC BY-NC-SA 4.0. Annual data understates falls and recoveries within a year. Returns are before product tax and use the charge you enter. Not advice. Money Horizon is a planning indicator built on simplified rules. It does not know your full circumstances, cannot replace a regulated adviser, and its figures should not be relied on for any decision. It is not financial advice. Nothing you enter leaves your browser.