I ran the numbers on my own retirement. I didn't sleep well.
I need £1.9 million. I'd assumed about £400,000. If you've got a pension you've never opened, your number is probably a lot bigger than you think too.
I'm Herschelle. I'm 41, I work a normal job, and I ignored my pension for eight years. So I built a calculator that works out your number on UK rules, pensions, ISAs, the real State Pension figure, current tax thresholds. Then I started working through the things nobody explains properly, and writing one down each week.
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What you get
The calculator. Straight away.
Your age, your income target, what you've got, it tells you what you need on the day you stop working, and whether the money lasts to 95. Built on actual UK rules: pensions, ISAs, the real State Pension figure, current tax thresholds. Not an American 401k spreadsheet.
One email a week.
One thing I've worked out, with the numbers shown. Last week: retiring at 60 means seven years with no State Pension, about £88,000 you fund entirely yourself. Nobody had told me that either.
What I'm not
I'm not an adviser. I don't sell anything. I'm not going to tell you what to buy, I'll show you the arithmetic and you can decide what it means for you.
I'm about fifteen minutes ahead of you on this, and I write it down.
Free. Unsubscribe whenever. Nothing here is financial advice.