Early retirement calculations help

NedS

Sea_Shell wrote: »

I use Excel spreadsheets. One tab for outgoings, one lists all our accounts/balances and another tracks our DC pension pots.

It's a hobby for me (some may call obsession!) as I update these all on an "as we go" basis. Pensions monthly.

I also have an overall gross worth sheet, which totals DC pensions, ISAs, cash, so we know our total pot and can compare over time. I have a corresponding graph too!! This is where the totaliser comes from.

However, I have the time (inclination) to do this.

With a young family you might not want to be so OCD about it!! However, like many things in life, you get out what you put in. More data you have the easier choices become.

That sounds just like me. Thank you for making me feel normal - LOL! :rotfl:

seacaitch

sluisdejesus wrote: »

Husband income 18.2k basic (plus around £200 pcm bonus)
My income £6k (maternity leave) then back to £10k

Key to many (although not all) early retirements is having good-to-high-ish earnings giving the financial headroom for both a high savings rate while still enjoying a decent quality of life while working.

In your position I'd place a focus on finding a way to raise those earnings figures, possibly dramatically. If serious about (very) early retirement I'd look at whatever it takes to increase those earnings figures, such as improving skills, gaining qualifications, re-training or career changes if necessary, and would consider spending money wisely in order to achieve that.