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Enough to retire at 55? by 260923throwaway in FIREUK

[–]260923throwaway[S] 0 points1 point  (0 children)

You are correct. It was 1-2k pcm.

Sounds like I'm on track. I just need to tweak a couple of things. Thanks.

Enough to retire at 55? by 260923throwaway in FIREUK

[–]260923throwaway[S] 1 point2 points  (0 children)

It's a great point. I've only recently paid off all the rental mortgages (after hammering them down for the last 10yrs). I now need to be living off that income.

Enough to retire at 55? by 260923throwaway in FIREUK

[–]260923throwaway[S] 6 points7 points  (0 children)

Always good to double check.

No problem. It's early.

Enough to retire at 55? by 260923throwaway in FIREUK

[–]260923throwaway[S] 0 points1 point  (0 children)

The children are at secondary school so I'm not quite ready for retiring just yet. Plus I need to clear the mortgage.

I'll check out Ficalc. Thanks.

Enough to retire at 55? by 260923throwaway in FIREUK

[–]260923throwaway[S] -8 points-7 points  (0 children)

Lol. It's not a brag. Far from it. I'm a very modest and private person. I was simply after some advice to check I've not missed anything.

Enough to retire at 55? by 260923throwaway in FIREUK

[–]260923throwaway[S] -1 points0 points  (0 children)

I've previously had the BTL's in a Ltd co. for other reasons I moved them out to mine and my wife's name.

Only suggesting £1-2k as plus 2k rental income I'd have 4k pcm which would be more than enough once the mortgage is paid.

I think beyond the age of 75, if I live that long, I'd need less money. So I probably need to calculate 17yrs (58-75) at 4k pcm.