{"id":1779292565,"date":"2026-06-30T09:09:15","date_gmt":"2026-06-30T09:09:15","guid":{"rendered":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/uncategorized-en-us\/drawdown-plan-to-age-85-the-flexible-alternative-to-a-life-annuity\/"},"modified":"2026-09-24T10:54:01","modified_gmt":"2026-09-24T10:54:01","slug":"drawdown-plan-to-age-85-the-flexible-alternative-to-a-life-annuity","status":"publish","type":"post","link":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/drawdown-plan-to-age-85-the-flexible-alternative-to-a-life-annuity\/","title":{"rendered":"Drawdown plan to age 85: the flexible alternative to a life annuity"},"content":{"rendered":"<p class=\"avd-lead\"> The drawdown plan to age 85 is one of the two payout options in the <a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/altersvorsorgedepot\/\">Altersvorsorgedepot<\/a>. The account balance is spread evenly over the months up to your <strong>85th birthday<\/strong> . A major advantage: on death, any remaining capital can be <strong>inherited<\/strong>. <\/p>\n<aside class=\"avd-callout tldr\">\n<p><strong>The key points at a glance:<\/strong><\/p>\n<ul>\n<li>Alternative to the lifelong life annuity<\/li>\n<li>Payouts spread evenly up to your 85th birthday<\/li>\n<li>Remaining capital can still be inherited<\/li>\n<li>The investment keeps running during the decumulation phase<\/li>\n<li>From 85 often a mandatory switch to a life annuity<\/li>\n<\/ul>\n<\/aside>\n<div class=\"avd-toc\">\n<p class=\"avd-toc__title\">Table of contents<\/p>\n<ol>\n<li><a href=\"\/#was-ist\">What is the drawdown plan to age 85?<\/a><\/li>\n<li><a href=\"\/#wie-funktioniert\">How does it work?<\/a><\/li>\n<li><a href=\"\/#beispiel\">Worked example<\/a><\/li>\n<li><a href=\"\/#vorteile\">Advantages<\/a><\/li>\n<li><a href=\"\/#nachteile\">Disadvantages \/ risks<\/a><\/li>\n<li><a href=\"\/#faq\">Frequently asked questions<\/a><\/li>\n<\/ol>\n<\/div>\n<section id=\"was-ist\">\n<h2>What is the drawdown plan to age 85?<\/h2>\n<p> A payout format in which the account balance is not converted into a lifelong <a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/life-annuity-in-the-altersvorsorgedepot-a-guaranteed-pension-for-life\/\">life annuity<\/a> but instead runs <strong>as a drawdown plan<\/strong> for at least 18\u201320 years, starting between 65 and 70, at least until the age of 85 is reached. <\/p>\n<\/section>\n<section id=\"wie-funktioniert\">\n<h2>How does the drawdown plan work?<\/h2>\n<ol>\n<li>At the start of retirement you can optionally withdraw up to 30% as a lump sum.<\/li>\n<li>The remaining balance stays in the securities account and continues to be invested.<\/li>\n<li>The provider calculates the monthly payout as current balance \u00f7 remaining months.<\/li>\n<li>If the investment performs well, the monthly payout rises over time; if it performs poorly, it falls.<\/li>\n<li>By 85 at the latest the securities account is empty (or the payout is extended).<\/li>\n<\/ol>\n<\/section>\n<div class=\"avd-callout zwischenfazit\">\n<p><strong>What sets the drawdown plan apart from the life annuity?<\/strong><br \/>The drawdown plan is the flexible alternative to the life annuity. The monthly amount is not guaranteed, but the capital can still be inherited.<\/p>\n<\/div>\n<section id=\"beispiel\">\n<h2>Worked example<\/h2>\n<div class=\"avd-callout\"> Retirement at 67, account value \u20ac120,000, 18-year decumulation phase (= 216 months). At 0% interest: around <strong>\u20ac555 per month<\/strong>. At a 4% residual return: around <strong>\u20ac720 per month<\/strong>. <\/div>\n<\/section>\n<section id=\"vorteile\">\n<h2>Advantages of the drawdown plan to age 85<\/h2>\n<ul>\n<li><strong>Inheritable:<\/strong> On death, any remaining capital passes to the heirs.<\/li>\n<li><strong>Return potential:<\/strong> The securities account stays invested and can keep growing.<\/li>\n<li><strong>Transparency:<\/strong> You know exactly how much money is there.<\/li>\n<li><strong>Flexibility:<\/strong> More freedom of choice in provider and investment strategy.<\/li>\n<\/ul>\n<\/section>\n<section id=\"nachteile\">\n<h2>Disadvantages and risks<\/h2>\n<ul>\n<li>No protection against extreme longevity (beyond age 85).<\/li>\n<li>If markets perform poorly, the monthly amounts fall.<\/li>\n<li>You carry more personal responsibility than with a life annuity.<\/li>\n<\/ul>\n<\/section>\n<section id=\"personas\">\n<h2>Real-life examples of the drawdown plan<\/h2>\n<div class=\"avd-persona\">\n<p><strong>Martin, 67, account value \u20ac150,000, 18-year term.<\/strong> At a 4% residual return he receives about <strong>\u20ac900\/month<\/strong>. If he dies at 78, the remaining balance (~\u20ac70,000) goes to his children.<\/p>\n<\/div>\n<div class=\"avd-persona\">\n<p><strong>Sigrid, 70, account value \u20ac80,000, wants to still have money at 85.<\/strong> She chooses a 20-year term. At a 4% return, about <strong>\u20ac460\/month<\/strong> until her 90th birthday.<\/p>\n<\/div>\n<\/section>\n<section class=\"avd-faq\" id=\"faq\">\n<h2>Frequently asked questions about the drawdown plan to age 85<\/h2>\n<details>\n<summary>What happens after the age of 85?<\/summary>\n<p>The balance is used up by then. Anyone who lives longer has to live on the statutory pension or other sources. Some providers offer the option of a subsequent life annuity.<\/p>\n<\/details>\n<details>\n<summary>Can I stay in the securities account after 85?<\/summary>\n<p>Yes, the drawdown plan may run longer as long as a balance remains.<\/p>\n<\/details>\n<details>\n<summary>Is the drawdown plan taxed in full?<\/summary>\n<p>Yes, at your personal income tax rate (<a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/deferred-taxation-in-the-altersvorsorgedepot\/\">deferred taxation<\/a>).<\/p>\n<\/details>\n<details>\n<summary>Can I extend the drawdown plan beyond 85?<\/summary>\n<p>Yes, with most providers, although longevity risk increases.<\/p>\n<\/details>\n<details>\n<summary>Does the money stay invested?<\/summary>\n<p>Yes, the securities account stays invested, typically with a reduced equity allocation.<\/p>\n<\/details>\n<details>\n<summary>Is the payout recalculated every year?<\/summary>\n<p>Yes, it is normally adjusted annually to the remaining balance and the remaining term.<\/p>\n<\/details>\n<\/section>\n<div class=\"avd-callout zwischenfazit\">\n<p><strong>Who is the drawdown plan worth it for?<\/strong><br \/>If you want to leave remaining capital to your heirs, you should choose the drawdown plan.<\/p>\n<\/div>\n<p class=\"small muted\">Last updated: June 2026.<\/p>\n<section class=\"avd-weiter\">\n<h2>Keep calculating and reading<\/h2>\n<p class=\"avd-weiter__rechner\"><strong><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/pension-gap-calculator\/\">pension gap calculator<\/a><\/strong> \u2014 estimate the gap between your final net income and the statutory pension.<\/p>\n<ul class=\"avd-weiter__links\">\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/life-annuity-in-the-altersvorsorgedepot-a-guaranteed-pension-for-life\/\">life annuity<\/a><\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/inheritance-of-the-altersvorsorgedepot-what-heirs-receive\/\">Inheritance<\/a><\/li>\n<li><a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/deferred-taxation-in-the-altersvorsorgedepot\/\">Deferred taxation<\/a><\/li>\n<\/ul>\n<p class=\"avd-weiter__zielgruppe\">Related content: <a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/altersvorsorgedepot-from-50\/\">Altersvorsorgedepot from 50<\/a>.<\/p>\n<p class=\"avd-weiter__lexikon\">All terms at a glance: <a href=\"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/what-is\/altersvorsorgedepot-glossary-all-terms-from-a-to-z\/\">Glossary from A to Z<\/a>.<\/p>\n<\/section>\n<section class=\"avd-sources\">\n<h2>Official sources and further information<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.bundesfinanzministerium.de\/Content\/DE\/FAQ\/reform-der-privaten-altersvorsorge.html\" rel=\"external nofollow\" target=\"_blank\">Federal Ministry of Finance, FAQ on the reform of private retirement provision<\/a><\/li>\n<li><a href=\"https:\/\/www.bundesregierung.de\/breg-de\/aktuelles\/reform-private-altersvorsorge-2400072\" rel=\"external nofollow\" target=\"_blank\">German federal government, private retirement provision reform<\/a><\/li>\n<li><a href=\"https:\/\/www.bundestag.de\/dokumente\/textarchiv\/2026\/kw13-de-altersvorsorge-1156798\" rel=\"external nofollow\" target=\"_blank\">German Bundestag, resolution on the Altersvorsorgedepot (calendar week 13\/2026)<\/a><\/li>\n<li><a href=\"https:\/\/dserver.bundestag.de\/btd\/21\/040\/2104088.pdf\" rel=\"external nofollow\" target=\"_blank\">Bundestag printed paper 21\/4088 (PDF)<\/a><\/li>\n<li><a href=\"https:\/\/www.deutsche-rentenversicherung.de\/DRV\/DE\/Ueber-uns-und-Presse\/Presse\/Meldungen\/2026\/260508-bundesrat-reform-private-altersvorsorge.html\" rel=\"external nofollow\" target=\"_blank\">Deutsche Rentenversicherung, reform announcement<\/a><\/li>\n<li><a href=\"https:\/\/www.test.de\/Altersvorsorgedepot-4910361-0\/\" rel=\"external nofollow\" target=\"_blank\">Stiftung Warentest, Altersvorsorgedepot<\/a><\/li>\n<li><a href=\"https:\/\/www.verbraucherzentrale.de\/wissen\/geld-versicherungen\/altersvorsorge\/neues-altersvorsorgedepot-rentenchance-oder-teure-verkaufsfalle-118178\" rel=\"external nofollow\" target=\"_blank\">Verbraucherzentrale, the new Altersvorsorgedepot: opportunity or sales trap?<\/a><\/li>\n<\/ul>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Drawdown plan to age 85 in the Altersvorsorgedepot: how it works, how high the pension is and when it beats the life annuity. Including inheritance of remaining capital.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_metasync_otto_title":"","_metasync_otto_description":"","_metasync_otto_keywords":"","_metasync_otto_og_title":"","_metasync_otto_og_description":"","_metasync_otto_twitter_title":"","_metasync_otto_twitter_description":"","rank_math_title":"","rank_math_description":"","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","_aioseo_title":"","_aioseo_description":"","_metasync_seo_title":"","_metasync_seo_desc":"","_metasync_breadcrumb_title":"","_metasync_primary_category":0,"_metasync_primary_product_cat":0,"_metasync_otto_disabled":"","_metasync_hreflang":"","_metasync_plugin_sync_ts":"","_metasync_robots_advanced":"","footnotes":""},"categories":[68],"tags":[69,79,82],"class_list":["post-1779292565","post","type-post","status-publish","format-standard","hentry","category-what-is","tag-altersvorsorgedepot","tag-deferred-taxation","tag-life-annuity"],"_links":{"self":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/posts\/1779292565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/comments?post=1779292565"}],"version-history":[{"count":0,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/posts\/1779292565\/revisions"}],"wp:attachment":[{"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/media?parent=1779292565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/categories?post=1779292565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/altersvorsorgedepot-anbieter-vergleich.de\/en\/wp-json\/wp\/v2\/tags?post=1779292565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}