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How Much Do You Need to Retire?

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Damian, ffs 4mins 40secs, what is going on with the microphone dude? :-/
Comment from : @Hyster27

well detailed video this is My portfolio is made up of positions in $NVDA 125k, $VOO 80k, $SCHD 77k and $PLTR 60k Looking to add growth in AI stocks before retirement Any suggestions that would complete the existing positions
Comment from : @ShondellChristine

This might be a stupid question but are the amounts pre or post-income tax?
Comment from : @tristanblaine8544

A seven day weekend having it large - I'll be dead in a year lol - not a bad strategy! 🙂
Comment from : @christiansoldier1118

I'm retiring this year at 57 and planning for the retirement we want not an arbitrary figureI Don't plan on working till I drop for money we'll never spend
Comment from : @pip1723

Are those numbers pre or post tax?
Comment from : @P40LVX

God knows what the world will be like in 25-30 years when I retire
Comment from : @dockeyboy

It's called getting to retirement age now, not "retirement" anymore Soon there will just be acceptance that a part time job at least will be needed upon reaching retirement age 😢
Comment from : @zaidahmed9527

Ridiculous figures
Comment from : @marton349

normies don't even realise in what kind of fucked up country they live in, when they are already barely scraping by now in their 20-30-40, working minimum wage jobs but they won't admit before themselves that government basically tells them that you'll be fucking broke after working your whole life by releasing those "guidances" of 14K a year "salary" lol btw wake up, they ain't gonna be state pension in 30 years time
Comment from : @MATIvmr

retire abroad maybe
Comment from : @Ben_Chode_420

these numbers still confuse me We did a budget a few months back - removing our mortgage and car loan etc means we can live on less than half our current income And way less than the moderate figure I honestly struggle to see how that breaks down If you’re miles away from retirement it can be a finger in the air But if you’re further along, do your own budget and work out what you won’t need in retirement - you might be surprised how much it reduces your needs
Comment from : @MrKlawUK

Feels low to me We want £60k each (so £120k couple)…
Comment from : @jamesdaw131

The absolute bare minimum for me to pay my bills is about 20K a year That’s not living very well but surviving I’m aiming for about 40k a year and I’ll be ok
Comment from : @pataleno

It’d be good to see a video that shows much income a family with children needs to have a reasonable standard of living in 2025 I’m sure the results will be surprising about ow much it really costs People who think incomes are high when in fact they’re not due to living costs
Comment from : @kenville1429

Are theses figures gross or nett ?
Comment from : @christophertyler8051

“Comfortable” if you live in SE and spend most of your career in 6 figure household All relative to you personally
Comment from : @coderider3022

A few years ago my projections along with using PLSA predicted my wife and could probably semi retire 60-63, fully 63 onwards with hopefully the state pension kicking in at 68 That was on track for comfortable, now that looks to be basic living standard! Wtf man cost of living and inflation is messing with our plans! I guess we'll have to delay/double down on savingbrWe are both 52, both lucky to have db pensions though we need to max out the Mrs as she hasn't got full pension years Fingers crossed we get to retire before 68 😅
Comment from : @stickleback73

Thanks Damo Are the numbers before or after tax? That’s significant
Comment from : @iansimpson936

If I am correct the figures quoted are after tax Ok you avoid NI when you stop work but there would be large income tax liability You would likely need an income of £75k gross to get to £59k which is comfortable level brI have looked at this many times and it tells me that early retirement is not that easy I started with view that 57-58 was retirement age target but think early 60’s is more realistic There are key risks of inflation and stock market fall soon after retirement and state pension changes You need some safety cushion in your plan
Comment from : @neilsmith154

£43,100 is already above the max annual pension that you can receive, after tax and assuming no use of PCLS, without creeping into the 40 income tax bracket (£42,570) Fiscal drag is having a diabolical effect on what a lot of folk had originally assumed was a reasonably conservative estimate of required pension income
Comment from : @mortelski5814

I think we need to rethink retirement to semi retirement I don't really ever see that I'll fully stop working part time in my 60s with some voluntary work I would like to see the government setup a child sipp policy so they can appreciate compounding
Comment from : @benlikesdata

Minimum £1millionbrI’ll chuck it into a dividend etf, that’s £29k per month, I’ll reinvest £450, and pray that the etf will still appreciate
Comment from : @Abdul_Rahman86