I suppose you get to decide that, you could put it all on red, invest it in an S&P500 tracker or buy an annuity - or anything in between.Count Steer wrote: ↑Fri Apr 15, 2022 8:21 am
Does the 26× factor in tax or does it mean £30k less tax? You have to plan to replace cars too and whether you save for them out of the 30k or draw down from reserves and/or pay PCP.
I was really just interested in what other people think is a sensible sum to live on per month and whether they'd stopped to think how much they'd need to do that. I just used fifty as a target age, but fifty-five would have been better really.
I don't plan on leaving anything in the bank when I die, the kids are provided for, so ideally I run out of money the day before.