Shall we go to the same bridge?
Poll: Pensions - Are you worried about the future?
- Thread starter SideWinder
- Start date
One reason I keep my shotgun licence. Don't like heights much. Hopefully when the time comes we'll have a Dignitas type set up here. It's criminal how some people suffer.
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That's fair enough.
I hope that's in jest!
Wouldn't wish that on anybody who found a body with a shotgun blast. Think of the family member and even the police officer who attend the scene and that mess.
Had a civvy cop mate attend a shout as a dad went to the shed, the family heard a shot, but refused to go and look. My mate turns up and the dad is sat on a stool with a shotgun between his legs and half his face blown away. Just as mate is taking in the scene, dad looks up and says, "i can't even get this right". ****** my mate up to this day.
I don't want to go into a home, i don't want to be a burden on my family also - not sure on the easiest, least painful way to do yourself in, but shotgun blast isn't it
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Well, as I said, I'd prefer the Dignitas option. I've tried the lingering death in hospital route (luckily I pulled through with only some damage) and decided that's not the way I'd like to go.I hope that's in jest!
Wouldn't wish that on anybody who found a body with a shotgun blast. Think of the family member and even the police officer who attend the scene and that mess.
Had a civvy cop mate mate attend a shout as a dad went to the shed, the family heard a shot, but refused to go and look. My mate turns up and the dad is sat on a stool with a shotgun between his legs and half his face blown away. Just as mate is taking in the scene, dad looks up and says, "i can't even get this right". ****** my mate up to this day.
I don't want to go into a home, i don't want to be a burden on my family also - not sure on the easiest, least painful way to do yourself in, but shotgun blast isn't it
Retiring at 55 with ~£500k in today's money doesn't sound like sunshine and rainbows, but not depressing either.
Also far more than most people will have.
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Made a spreadsheet to try and predict things with some assumptions, like staying with the same employer etc.
Early retirement deductions are a bit naff.
57
Work pension - £17,245
SIPP - £3,500
Property - £17,000
68
Work pension - £45,652
SIPP - £9,300
Property - £17,000
State pension - £???
Early retirement deductions are a bit naff.
57
Work pension - £17,245
SIPP - £3,500
Property - £17,000
68
Work pension - £45,652
SIPP - £9,300
Property - £17,000
State pension - £???
Pension calculators feel unhelpful to me after mid 50s or so. Can't see myself being able to maintain a similar job in a tech company beyond that.
Blame Putin; hold T&K responsible for not fixing it.
Ive just done the same, I earn around £40k per year which is considered decent for the north. For me to have £20kper year I would need to put in around £920 a month which just isnt feasible. Ive only ever contributed the minimum amount as salaries in my industry (Logistics/Freight) have only really started to get half decent within the last 3-4years.
However, at 35yrs old, I am now in the scenario whereby I either start contributing a lot more and still not having enough to comfortably retire on or continue with the minimum and live comfortably now. In all honesty Ive seen many family memebers retire and they are gone within a couple of years, so I really dont think I will ever fully retire. Reduced hours / days would be the perfect scenario for me.
Soldato
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Aiming for £30k per annum retirement income is a bit overkill though, especially if that's for both of you in a couple - remember your outgoings should (hopefully) have reduced considerably by then due to having no mortgage, no commuting costs, etc.
For me and my partner to live the same lifestyle we do now excluding those costs, we'd only need £10k in total between us plus a bit extra for say 1 or 2 nice holidays a year. Either we live hella frugally or a lot of people waste tons of money on stuff they don't really need but consider essential for whatever reason. I wouldn't know what to spend £30k a year on in retirement unless I suffered extreme lifestyle creep between now and then and took up expensive hobbies.
For me and my partner to live the same lifestyle we do now excluding those costs, we'd only need £10k in total between us plus a bit extra for say 1 or 2 nice holidays a year. Either we live hella frugally or a lot of people waste tons of money on stuff they don't really need but consider essential for whatever reason. I wouldn't know what to spend £30k a year on in retirement unless I suffered extreme lifestyle creep between now and then and took up expensive hobbies.
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Please give us an idea how £833/month breaks down to support your current lifestyle.
Soldato
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- 22 Jul 2014
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- 3,900
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- Oxon
Phone/Internet/Netflix etc - £62
Petrol/Car Maintenance - £111
Lunch/Food - £447
Council Tax - £139
Utilities - £70
Total - £829
There'd be some annual costs on top of that for tax, insurance, service charge on our flat etc - so make it £12k per year on essentials.
Varies month to month if we eat out anywhere, visit family etc. I rarely buy new clothes/gadgets unless I need them due to old ones wearing out or whatever so I wouldn't include them and I don't spend a lot when I do. We cook a lot ourselves and eat well I'd say.
Then as I said, a bit extra every year for a nice holiday or two and obviously replacing appliances as needed (£5k - obviously depends where you go).
It's not like we're living as hermits either - just got back from a weekend in Lyon which cost us £270~ each.
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Yes some people seem to think everyone needs a million pounds to be able to retire. Maybe in America, but not here.
State pension will cover all our outgoings, with a few grand a year out of my SIPP for everything else.
Thanks. You've gone from £10k to £17k though for your lifestyle.
Soldato
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- 22 Jul 2014
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- 3,900
- Location
- Oxon
???
That's what I said in my post - the £5k on holidays and one off expenditure is not essential and wouldn't happen every year or at that amount. It might only be £5k over a period of 5 years, or none at all.
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If £5k on holidays is part of your lifestyle add them on. Also, to get £17k net you'll need a higher gross income.