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    • fatbeetle
    • By fatbeetle 12th Sep 17, 6:24 AM
    • 297Posts
    • 427Thanks
    fatbeetle
    Living on savings
    • #1
    • 12th Sep 17, 6:24 AM
    Living on savings 12th Sep 17 at 6:24 AM
    In order to retire early, me and SWMBO will be living on a lump sum I am due.

    From Jan 2018 until sometime in 2024, we will live on a pot which currently stands at roughly £274,000

    Has anyone else lived on a savings pot for a period?

    Any tips or advice?


    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by MSE Andrea; 20-09-2017 at 9:20 AM.
    “If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and who weren't so lazy.”
Page 5
    • point5clue
    • By point5clue 24th Sep 17, 9:02 AM
    • 41 Posts
    • 8 Thanks
    point5clue
    I'm planning on a similar situation to OP, but I have the luxury of needing to live off approx £200k for 5 years in 5 years time. As such I am prepared to take a little more risk.

    Half will be going into VG Global All cap - can afford to wait until 7.5 years to draw this down so reasonable chance of at least preserving capital I believe.

    I've put £40k in to his and hers P2P IFISAs (the main risk I worry about over longer term with P2P loans is liquidity and if taking an income this is not a problem)

    Another £40k I've put into a Secure Trust 2yr bond - basically punting it into the future at near inflation. I hope when it comes out of the TARDIS the bond market will have normalised ???

    Final £20k - LS20 as a proxy for a bond fund - I don't expect any returns from this, but I wanted something to rebalance the VG all cap against. Actually rebalancing against 50/50 ratio to the extent liquidity will allow.
    Last edited by point5clue; 24-09-2017 at 9:03 AM. Reason: Edited to correct £20 to £20k
    • fatbeetle
    • By fatbeetle 25th Sep 17, 10:41 PM
    • 297 Posts
    • 427 Thanks
    fatbeetle
    Oh thanks Martin!! Putting this out of Facebook has made me "hate of the day" for the envy brigade.....

    https://www.facebook.com/MoneySavingExpert/photos/a.466253016762524.1073741825.235728459814982/1433647640023052/?type=3
    Last edited by fatbeetle; Yesterday at 10:45 PM.
    “If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and who weren't so lazy.”
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