Hoping to be able to retire at fifty-five. Am I doing this right?

Albermarle

OP - Although investment growth figures are mentioned, I do not see anywhere what you are actually invested in ? ( unless I missed it)
If we presume it is a 100% equity global index fund, then when you get near to retiring and it is say a Million Pound, what would be your Plan B if it dropped to say £600K due to a market crash ? ( which is entirely possible) 

GunJack

Albermarle said:

OP - Although investment growth figures are mentioned, I do not see anywhere what you are actually invested in ? ( unless I missed it)
If we presume it is a 100% equity global index fund, then when you get near to retiring and it is say a Million Pound, what would be your Plan B if it dropped to say £600K due to a market crash ? ( which is entirely possible) 

Maybe as soon as it hits £1M move it into a STMMF (within the pension, obvs) for a more secure/less risk option?

alexpg_2

Thanks everyone for the advice and input... a lot of very thought provoking comments, but my main take home is that what I'm trying to achieve isn't out of the question and that I should look to up my AVCs so it takes out my full 40% pay so that at least I've got an extremely solid base that will give me plenty of flexibility in the future.

I do have quite a bit to think about retirement and what I want my life to look like when I don't have to work any more, but at least there's a bit of optimism when things get tough that there is an end point to be aiming for.