It's time to start digging up those Squirrelled Nuts!!!!

Albermarle

arnoldy said:

michaels said:

But her pot value has not increased, it has fallen by 10%

Yes but the last 4 years have been a torrid time in the markets, so a great result considering money is taken out as well. Underwrites a lot of confidence in the future with DBs and SPs round the corner. Well done SS.

The main issue in the markets is the year 2022  and the dive in value of bonds.
Over the last 4 years a typical 60:40 fund is still up over 10%.
A global index tracker is up over 40%.

Audaxer

michaels said:

DT2001 said:

michaels said:

Sea_Shell said:

Sea_Shell said:

Well....That's All Folks!!!!! I am now officially a non-working person.

Looking at the weather for the next couple of weeks, it appears my timing is just right. So for at least the next week or so, we're just treating it as a "staycation", and chilling out at home. Then we'll start making some plans for Sept/Oct.

It doesn't feel quite REAL just yet, I feel like i'm just having some time off.

I've just realised, it's almost my 4 year retirement anniversary.   Wow that's gone quick.

I know I haven't been doing blow by blow updates, but I thought I'd do one as at end June 23.  (I know a few people are still reading this thread and ploughing their way through it all)

How our pots are looking...

Easy access cash - £11,500
Loanpad P2P - £10,000
1/2 year fixed cash - £26,500
Aviva Drawdown pot - £27,000
S&S ISAs - £211,000
Untouched Pensions - £305,000

Total - £591,000

As at end June 2019, we had £536,000
Over the last 4 years we have spent £61,000

I know you don't like this analysis but I think it is reasonable. 

IN 2023 pounds your pot has gone down from £656k to £591k or about 10% so if the same real terms performance and spending were maintained it should last another 36 years.  Of course if you have state pension provision and any other pensions to come then your need to spend from the savings pot will likely be much diminished in future.

Before I ask a few questions about your analysis I would like to thank SS for the update. With average expenditure below 3% of the current value of the pot and DB’s and SP’s to come on stream the retirement plan works.

How do you work out the pot will last 36 years? Are you assuming inflation continues at 10% and the pot loses value in real terms? Do you need to know SS’s own inflation rate rather than the headline one?

We all hope markets recover in the medium term otherwise all SWR assumptions will be incorrect.

What are you suggesting that should be done if say it was a 30 year plan?

My calc was simply a straight line extrapolation, if your pot declines by 10% in real terms over 4 years then at the same rate it will last 36 more years.  

Even although the pot value may have declined in real-time value from the £536k in 2019, it has increased in nominal value to £591k. So if there is the same average annual inflation, growth and spending rates over the next 36 years, the actual pot balance would surely continue to rise substantially over that time. As it is has risen £55k in the last 4 years that would take the actual value of the pot to over £1m after 36 years.

Sea_Shell

Good Morning Everyone.

Well we're getting closer to the end of the year, and I promise to do a full round up once we close off the books for this year.

Things are still on track, all within tolerances, and the figures continue to look healthy.   Helped by the recent rally in the markets.

A couple of flies in the ointment have been some minor, but frustrating, medical issues (being over 50 isn't really much fun), but nothing that can't be fixed or treated, and i'll be back on top form soon.

As you get older, it does make you appreciate that without your HEALTH, money isn't worth squat.  (Although it can enable you to access private treatment  )

quirkydeptless

Sea_Shell said:

Good Morning Everyone.

Well we're getting closer to the end of the year, and I promise to do a full round up once we close off the books for this year.

            

Sea_Shell

You've hacked my webcam?!? 🤣🤣🤣

Sea_Shell

"Santa Rally" ?  🤑🤑

savingmore

Great to see you posting.  Let’s pray this Santa rally continues. Lovely looking figures morning.  Are you going to give us an update on how you are and your finances?  Would love to know as you have been a source of inspiration to me. Five mo this to retirement - it’s beginning to feel real. Still unsure about becoming a spender instead of saver🙈

Sea_Shell

Yes, I'll do a round up at the end of the year.   Handily everything will close for the year on Friday 29th, so I'll have the long weekend to play with my spreadsheets.

savingmore

Wonderful.  I look forward to that dead time between Christmas and new year to work on financials too.  Things finally heading in right direction at moment.  Let’s hope Santa has more to give!

quirkydeptless

Sea_Shell said:

Yes, I'll do a round up at the end of the year.   Handily everything will close for the year on Friday 29th, so I'll have the long weekend to play with my spreadsheets.