Now that I work in a job that I actually quite like and is manageable I'm not actually too obsessed with early retirement any time soon, but I think the maths of it is still worth keeping an eye on...
Especially in our world in flux, although ironcially that might just mean it's pointless keeping an eye on it because it might all go mega tits up!
So far I've got....
= £1800 a month...!
Now post mortgage, which for me is dead in five years, assuming I don't go into more mortgage debt, that's JUST about enough to live off!
And then in addition....
i'm currently planning on working for about another 10 years.... until my early 60s, and I'm putting in....
Over 10 years assuming a little growth along the way that =
If i start draw down in my early 60s that's about another £3K a year until my late 80s.
Other sources of income could be crypto draw down, I think I can rely on £2K a year there....
So that's £29K a year post-mortgage.
That's not insane amounts of money, but it's certainly reasonably comfortable...
I think we're talking a decent lifestyle in the UK, warm, well fed, a couple of holidays a year but nothing too extravagant and enough for few coffees and pastries and beers every now and then, I'll take that, and that's without having to turn myself inside out working like a dog for the rest of my days!
Oh and the secret weapon in the arsenal could be when I keep working after 60 years of age, while claiming the teacher's pension! Every year I do that I could potentially stuff another £10K into the pot!!!
