I think I am doing okay

Mistermeaner

itwasntme001 wrote: »

You need to use historical data. You have only assumed one scenario which most likely wont actually happen. Using historical data will give you many actual scenarios that have actually happened. Its probably the best way to ESTIMATE the swr under given confidence.

understood ; sorry for being lazy but where are you pulling your historical data from?

DT2001

Getting back to the original question I would either learn more about investing under your own steam or utilise an IFA. If taking the latter route the key is to find a competitive one that communicates well so that you understand more.
My opinion is that IFA’s adopt a strategy that is suitable for you. Whilst we all like excellent returns the risks involved do not sit well with some.
I think that you are in a good position and improving that by gathering more information on which to base your plan going forward. You have the option to take on another lodger and speed up reaching your ‘number’ or to work part-time.
The 4% SWR is only a starting point. The Klinger-Guyton development of it helps us understand the complexities of retirement planning. IMO flexibility is the key so you need to know the minimum income for retirement, your desired income and the options available if it happens to be a ‘bad’ time to retire. In your case if you knew your pots were theoretically large enough to fund a 40 year retirement and you have the option to downsize, take in a lodger or maybe work part time you can minimise the risks of a poor investment period at the start of retirement and retire earlier with those provisos in place.