In a small saucepan, whisk together milk, pumpkin, pumpkin pie spice, and cinnamon over medium heat until warm.

Stir in the white chocolate and continue to stir until fully melted and smooth.

Remove from heat and stir in vanilla.

Pour into mugs, top with whipped cream, and dust with a pinch of cinnamon or nutmeg.

Serve warm and cozy.