Any piece quoting Malcolm Sadwell can get in the sea.

What I'd really like is the F-U money so that I felt I could walk away at anytime. Then I think I'd keep working very happily.

Don't see much prospect of putting that together before 60.

£1 million would do me. 

I don't need a khuntstyle life, just a decent one. 

Enough is the dream. 

I wouldn't stop working. I'd work for myself. Start my own business or set up different ltd companies for each activity and for each piece of property I would buy.

A seven-figure nest egg is in dreamland. I'll be largely dependent on the state so will need to work. I'd take a retail job. Tesco on the tills if need be.

A hustle that interests me is social media support for large brands. Monitor, respond, get paid.

I think hyoobert is talking about filling in on-line surveys for money.

I know a lot of people his age do that sort of thing - helps to pass the time and the money isn’t much but it helps to make the pension go further.

I wouldn't stop working. I'd work for myself. Start my own business or set up different ltd companies for each activity and for each piece of property I would buy.

A seven-figure nest egg is in dreamland. I'll be largely dependent on the state so will need to work. I'd take a retail job. Tesco on the tills if need be.

This assumes your mental and physical health will allow it and that the world you inhabit in old age needs the skills you have.  There might not be any tills in Tesco.  Tesco might not exist.  And you might not understand any of the stuff people are doing for paid employment when you're 70.

I definitely plan on doing some part-time work from say 55 to 70 and preferably something lower stress where you can just clock off at the end of your working hours.  It's partly to keep occupied and active but also to slow down the rate I'm going through capital/returns on investment.

Your problem bebchuk is that inflation in the last two years has eroded the value of your savings, because Britain is run by ppl who don’t give a shit about it.

Is there an amount where the case for non-working (or at least going part-time) becomes overwhelming?  

The Undercover Economist thinks that ten million should be enough to make you happy. 

I would expect that most people with that type of money would be inclined to go for another zero...

YWTF @ 14:41.

You may be right. It's a stark future ahead for me, tbf.

People on here that think they are retiring at 60 and don't think they will need to smash through the old lifetime allowance are delusional. 

You need 300k in a pension fund for an insurance co to hand you something approaching the triple locked state pension in quantum and inflation protection. Be sure to ask any old bastard that says they have "paid in" if they have the receipts for the 300k in NI contributions minus whatever they took out in health treatment and benefits. 

You don't have to rely on a pension.  I intend to have a separate investment pot providing some annual income and hopefully capital appreciation subject to me occasionally dipping into for big ticket items plus part-time work.  I'm thinking of the kind of pot that would last me twenty years even if it didn't grow.

So you mean something like a pension in drawdown instead of invested in an annuity? 

I'd definitely do a few hours down the cafe or Tesco or b&q every couple of days when I retire 

If these places are around in 20 years 

Interesting article LB.  Google Joseph Heller and "enough" for further contemplation.   Have enough to stop working (as have limited expenses), but if the right role comes along, then I'll do it.   

The ultimate question is  - do you have enough time to enjoy with those you love?

Interesting, thank you, will look up Heller.  Most lawyers, including myself, are very money-driven.  But at which point do you really stop?  

"By the time people realize they have enough money, they've lost their time and their health. Peace is happiness at rest, and happiness is peace in motion. The enemy of peace of mind is expectations drilled into you by society and other people." (Naval Ravikant)

Another book which I found quite helpful was "Get a life, you don't need a million to retire well." (Ralph Werner).  The author placed the emphasis on friends, (including making new friends) , hobbies and being on good terms with your family. 

But retirement is not really such a great option after all.  I don't see myself gardening or playing golf.  I think it is more fun to work in an area you really like - and have a great team so that you can delegate 90%.  

Not saving into a pension (particularly those earning between £100k and £140k) is absolutely the most stupid thing you can do - assuming you can afford to eat - which you shoudl be able to on that money.  Sails - you seem to be banking on your start up becoming the next uber which is a strategy of sorts; but it doesnt sound particularly hedged.  Yes - it might work, but equally - they could go bust and you'll have nothing.  About one in a thousand start ups makes it....perhaps fewer.

Example - You earn £140k and make no pension contribution - your current take home would be - £7,039

You salary sacrifice £40k into your pension - and your take home is now £5,587

But you now have £40k in your pension (growing tax free) - which cost you £17,400 in take home. Until you have enough in your pension to give you an income taxable at the higher rate - it should be a priority not something ignored - unless you *heart* paying tax

two mil in cash would do it

thats all in, inc pension etc

oh laz oh laz surely a player like you isn’t that far off

what makes u think I am far off

Loading up your pension as early as possible is a no brainer. If you’ve no record in business your chances of a startup working are zip. 

Would need a minimum of about 7 million to quit work tomorrow. 

Target is to have the house paid off and about 3 million in income producing assets by retirement at hopefully age 60ish (by which time the kids should hopefully be fully off the books). Would ideally have a few hundred grand in cash on top of that to fund a few years of nice travel before reaching for my slippers but suspect it is more likely I'll have to try to earn a bit in between trips. 

Some expensive lifestyles here. 

I'm loading money into my pension and expect most of my lump sum to come from downsizing and finally getting of farming.  Start up at current valuation will return about ten times my original investment if it's sold now but there's something on the horizon that if it comes off will massively increase the size of the business and my return so not entirely ridiculous to assume it will provide a reasonable sum at some point in the next ten years.  It's a tourism business that survived covid so I'm reasonably confident it can weather most things.

is that 3 million between you and your other half dd?

“If you’ve no record in business your chances of a startup working are zip.”

absolutely incorrect

ps look at the typo! LOL

my own plan involves buying a metric fvckton of BTL properties

Luckily though I'm not the one running it and I simply provide input on legal matters.  It is run by someone with many years experience of doing something similar on a larger scale which is why I was happy to invest.

I also don't understand this seeming notion of "oh I have to have enough of a pot so I can live on the income it generates (rather than dip into the pot itself)." But then again Dignitas features in my retirement plan so what the fvck do I know?

It's more having a pot and stretching it out to last as long as possible so don't want to dip into too early.  Basically don't want to spend it all between 55 and 70 and then have to rely on an annuity.

tbh, succeeding in business is pretty easy

certainly easier than succeeding as a lawyer, even if only in terms of being less psychologically wearing

7 million is a heck of a lot. Presumably there's a mahoosive house involved. When the kids are offloaded, you won't need a mahoosive house and can sell it to add to your cash for investment in BTLs or whatever.

as if anyone here is going to be retired by 55! I’d regard 65 as a result. Not so much on financial grounds as having many more things I want to achieve, many in fields unconnected to anything I’ve worked in so far

£2M should do it if managed properly (even with a dependent wife and 6 year old son in private school)

Speak for yourself but I plan to be out within ten years which would put me at 57 at most.  That's just out of day to day law and I'll have plenty of things to keep me occupied and will still do some work just not something where I'm expected to be available once I'm done for the day.  Assuming Labour don't ban them I quite fancy being a private school bus driver as it's part-time and also only during term time.

as if anyone here is going to be retired by 55! 

I will definitely have retired by 55. I will die in penury though unless I die early, hence the featuring of Dignitas in my plans. 

Mr G had to retire at 54 because of ill health. Conveniently we had already sold our big house in London and moved to the sticks. We have enough money to live very comfortably (but no good health to be able to do anything much).

I probably don’t actually aspire to retire before 65 tbh. 70 would be fine.

Work is bad. 

“This assumes your mental and physical health will allow it and that the world you inhabit in old age needs the skills you have.  There might not be any tills in Tesco.  Tesco might not exist.  And you might not understand any of the stuff people are doing for paid employment when you're 70.”

I plan to be as capable of learning new skills at 70 as I am now. Which is just as capable as when I was 20.

"I plan to be as capable of learning new skills at 70 as I am now."

Well, I plan to be walking on Mars at 70 but...

No one I know from the City, who made it, actually stopped working. No one wants to.

Lol what cucks 

That’s rich people for you. I can see the gap, Davos.

learning new skills is piss easy. I am good at it and will remain good becaus I never rest, The reason old people think they’ve lost it is they’ve given up

If rich people don't retire and working class people do, I made a massive mistake in pulling myself from working class to rich within 2 decades 

er, you probably did tbh

being working class looks great

tell you what, called by the village boozer at about seven

I was feeling a bit guilty about having declined a work call and said speak monday

oub was full of working class blokes, gassing and drinking beer

one of them was talking ab out needing an apprentice locksmith - gave him my details

Laz( if I may), I need a new front door lock. When are you free?

He’s already bolted 

And he’s also a chubster 

first thing tomoz m88

does your back door need any attention?

If you’re asking me, my back door is not open. Thanks. 

glad to hear it is safely under lock and key!

"as if anyone here is going to be retired by 55!"

Depends what you mean by retire. I'm sure plenty will be out of the grind/ rat race and doing something different by then, although not putting their feet up.