You are reading a single comment by @amey and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
amey
I'd class 'retirement' as when you stop working, and start withdrawing from your savings / investments / pension rather than contributing.
I think the rules on personal pensions are that you can start withdrawing 10 years before state pension age.
If you want to retire earlier than this you'll also need ISA investments to bridge the gap.
https://networthify.com/calculator/earlyretirement is a good calculator. I'm budgeting £35k / year in today's money to have a comfortable mortgage-free retirement. That comes out to £2.5k / month after tax, which is tons.
Assuming no illness, bad investments, societal collapse etc