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Retiring on £100k Savings?

Jay83 · 2011-12-12 13:32:20

How long can £100k retiring money last for if i invested well and didnt live a very extragent lifestyle?? What would you do to make it last you for longer? Thanks

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gadgetmind Posts: 11,130 Forumite

14 December 2011 at 10:52AM

Jay83 wrote: »

How long can £100k retiring money last for if i invested well and didnt live a very extragent lifestyle??

You should be able to draw about 4% a year from that sustainably or 5% if you're prepared to risk depleting your capital. So £75 a week is safe(ish!) and £96 a week is dangerous.

This is very much a rule-of-thumb, but quite a handy one.

I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
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