Have we got our sums right?? Appraise our plan.

Sea_Shell

Suffolk_lass wrote: »

Please will you post an update to your post 1/170 so people can see when "enough is enough"? Maybe when you get to R-Day?

Yes, i plan to update all our figures as of end June 2019, (as there will be only a small pro-rata wage to include (£600), peanuts in the grand scheme of things), which i'll mention at the start of this thread, and also include a link to the new thread once i start it.

Sea_Shell

What will I be??

I'm not drawing a pension and not able to, so I'm not "retired"
I'm not looking for work, so I'm not "unemployed"
Am I "A Lady of Independent means"? - nah sounds too posh!

...."housewife" it is then!!!

DairyQueen

Sea_Shell wrote: »

What will I be??

I'm not drawing a pension and not able to, so I'm not "retired"
I'm not looking for work, so I'm not "unemployed"
Am I "A Lady of Independent means"? - nah sounds too posh!

...."housewife" it is then!!!

I also had this dilemma. Our society likes allocating people to neat categories - and you don't fit. Me neither.

I was an accidental-retiree age 52. As I share the care of disabled mum, I settled for 'carer'. Perhaps you could start a new category: 'FIREee'?

archer123

I just used to say 'not working'.

Suffolk_lass

I only meant retired like "she retired to the drawing room" as in, removed herself from somewhere (work, in your case!) :rotfl: - it does not actually mean old, decrepit, on the scrap heap - despite what you see in some people's eyes when you talk to them

Surely you are on a career break (between work and state pension)?

Sea_Shell

Suffolk_lass wrote: »

I only meant retired like "she retired to the drawing room" as in, removed herself from somewhere (work, in your case!) :rotfl: - it does not actually mean old, decrepit, on the scrap heap - despite what you see in some people's eyes when you talk to them

Surely you are on a career break (between work and state pension)?

Sorry no, my comment was not in response to anyones use of the word Retired!!

It's mainly when having to fill in applications for official stuff....those damn drop down boxes where you have to state "Occupation"

A career break sounds good!!! Just it might be a 21 year one!!!!! A gap year on steroids!!!

Sea_Shell

The sun has got his hat on...hip hip hip hooray!!!!!! Finally!!!!

Quick trip to Aldi for a shop, then it's Garden and Prosecco all the way. (switch off / unplug the phones!!!)

Sea_Shell

Right, while I get some respite from the heat today....I've updated our figures for end June 2019, and officially declared enough is enough. (only 3 weeks to go at work!)

As of today our total FIRE pot stands at....£536,129. This is made up of...

DC pension pots - £303,729
S&S ISAs - £133,648
Fixed term cash - £69,715
Easy access cash - £29,037 (net of stoozed CC balances)

For the 12 months to date we have spent £11,572, mainly due to not having an early Winter Sun holiday this year (c.£1500). So our plan draw a starting amount of £15,000 is looking very generous and even upping this to £20,000 is not outside of our comfort zone. (still within the 4% "rule")

As advised up post, our FIRE pot is in addition to DH's DB and both our SP's, but they don't start kicking in for at least another 14 years.

I'm now going to start another thread for the next part of our adventure.....drawdown!!!

It's time to start digging up those squirrelled nuts!!!! (I'll post the links once its up). Hope to see you over there.

https://forums.moneysavingexpert.com/discussion/comment/75981917#Comment_75981917

Thrugelmir

Sea_Shell wrote: »

So our plan draw a starting amount of £15,000 is looking very generous and even upping this to £20,000 is not outside of our comfort zone. (still within the 4% "rule")

Yours will be an interesting real life case study to follow. :beer:

shinytop

Well done. I will follow/join in your drawdown thread with interest. 6 and a bit weeks for me.