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Planning for retirement
Comments
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simonfitba wrote: »Actually, if you have 25x expenses you "should" be able to live off 4% of your investments for 30 years, not indefinitely, without running of of cash. This is based on a study of portfolio of 50% US shares and 50% bonds.
So OP should, based on his non-pension stash, be able to draw £14k per year for 30 years.
Bengen's initial study on it found no scenario could be found where a 4% withdrawal rate exhausted funds in less than 33 years. I've seen studies where its stated as being sufficient to last indefinitely.
Its a mute point in this case anyway... The point it the OP has sufficient to retire now with a large safety net.0 -
Moot point.0
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41 a week on food (and Drink) seems astonishingly low- even for a single person.0
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