Time to go?

badmemory

check that the state pension doesn't need any funding from future years (if that is worth worrying about), and then don't let the door hit you on the back**** as you run out of it!

Bravepants

You have £1M available now, at 4% drawdown per annum that's £40k a year! With your DB pensions you can probably afford 6% drawdown, making 9 year's worth of drawdown £540k, neglecting growth of your remaining pot, that leaves £460k in you DC and ISA pots, by the time you start drawing your £42k.

I agree with others, write your resignation letter tonight, have a smug smile on your face when you drop it off on your boss's desk tomorrow morning, then go home via HMV and buy a Clash boxset! ;-)

(Edited for my dodgy arithmetic!)

Bravepants

By the way...I am reminded of a work friend of mine who was 56 years old...he was always talking about "upping sticks" and retiring on his £250k he had saved but he stayed at work. Later that year he went out for a walk with his wife sat down, lay back and died! That really affected my way of thinking about life, stashing as much money as I can and retiring early.

kidmugsy

As the others have said, you've got heaps for what you want to achieve.

But hurry up and contribute as much as possible into a private pension for your wife: the absence of same is the obvious yawning canyon in your mountain of money.

NineDeuce

This post was beginning to sound interesting.....

"I am looking for any views / second opinions on my current situation regarding whether or not I should pull the trigger on my wife...."

And then it got really boring....

jackyann

Something that may give you a bit of a 'cushion' is to consider part-time / casual work. Once you have retired and had a decent holiday and a bit of time to enjoy yourselves, it's worth having a look about.

I have a lot of friends who enjoy small amounts of work. Clerical / book keeping / auditing for small organisations; film extra; dog walking; making money from hobbies; all sorts of temp work.

You will also find that you will spend less being at home, unless your hobbies & pastimes are expensive. Even given that you spend more on heating, you can be a lot more efficient on cooking, using the car etc.

k6chris

Bravepants wrote: »

I agree with others, write your resignation letter tonight, have a smug smile on your face when you drop it off on your boss's desk tomorrow morning, then go home via HMV and buy a Clash boxset! ;-)

(Edited for my dodgy arithmetic!)

Totally agree...you're in "Complete Control".......

crv1963

We wouldn't think twice! We're a little late to the party but are planning on going with a lot less money behind us, our aim is about 22-24k pa. I have a friend who has a frugal lifestyle and a fair bit of money, he keeps hanging on in at work- "just until the end of May next year and I'll retire" except it's been like that for the last four years! Your problem I expect will actually be spending 60k pa, but good for you and go for it, there are worse problems to have!

molerat

Another vote for why are you wasting your time posting here when you have more important things to do such as writing that resignation letter ! I would hope you would have a lot more than a "conservative" lifestyle on £60K with more than enough to see your daughter through uni. Threw in the towel at 54y 11m on a lot less and have never regretted it.

k6chris

bigfer wrote: »

but the level of corporate B/S has gradually brought us down to the point we just want out.

Dear <insert name of boss>, I am delighted to say I have identified a white space opportunity that I am able to personally leverage, allowing me to drive both significant growth and return on investment. I am passionate about this opportunity and have reviewed my bridge plan to ensure I can deliver the benefits both on time and within budget. May I thank you for your leadership skills which I can honestly say have been inspirational to me in the matter. In terms of processing my resignation with HR, you may find that rolling this letter into a tight tube will help identify a suitable place to file it. Please let me know if I can be of assitance in this matter......

Yours Lovingly......