How to quit a 9-to-5 life on £400,000

[AlfredJPruffock]

The world is full of people whose notion of a satisfactory future is, in fact, a return to the idealised past.

Robertson Davies, "A Voice from the Attic", 1960

[BlasterBates]

Ideally on your 80th birthday your final cheque should bounce, pull out the champagne from your cellar sup that last remaining asset before popping down the social security office, joining the labour party (to relieve those overburdened tax payers of that heavy excees cash), and hey presto

[Lucifer Box]

[url]The good news is that if you would be happy to live off this sum you can manage with savings well below £1m. A 30-year-old wanting to stop work and live off £20,000 a year would need £461,000.

Great, only another £460,500 to go then.

Thinking about it though, a house the same as mine over the road is on the market for that. Can I just sell up, start sub-letting a room in AtW's house, and pack it in for good?

[ancient]

I mean't to say doesn't have to mean

still as I said it is interesting to see these figures

most here must have already or be able to achieve these numbers by 40

Franko typically tried to throw a spanner in the works, and he has a valid point, however if you have this kind of income guaranteed (20k per year)and after tax then you are already on a similar income to a lot of 35k per year IT peops anyway !

and if you achieve the amount required for the 50k per year then you are laughing

Milan.

The new a-day pension rules (starting April) will allow people to stash large amounts of cash tax free in a relatively short period of time.

Just think, stash the wad for a few years, and then bugger off to a place in the sun at 50, of course invite all your permie mates round just to let them know how you are suffering.

[voron]

Great, only another £460,500 to go then.

Thinking about it though, a house the same as mine over the road is on the market for that. Can I just sell up, start sub-letting a room in AtW's house, and pack it in for good?

Bloody hell, Lucifer, whatever happened to your mountain of cash???

I have actually managed to pay off all my debts and start to build a modest savings account towards a house deposit. Now my arse is about to hit the bench just in time for the great Christmas market slump. I'm fecked

[Lucifer Box]

Bloody hell, Lucifer, whatever happened to your mountain of cash???

I went to Monte Carlo and stuck it all on red and it came up black.

[voron]

I went to Monte Carlo and stuck it all on red and it came up black.

Are you sure it didn't have anything to do with shoes? I think I married Imelda Marcos. Either that or my wife was a millipede in a former life

[milanbenes]

feck me the financial status of you lot is an embarressment to the contracting fraternity

saving for a house deposit, you should be looking to pay the whole thing out right in cash

for heaven's sake

Milan.

[Lucifer Box]

Are you sure it didn't have anything to do with shoes? I think I married Imelda Marcos. Either that or my wife was a millipede in a former life

I think it has a lot to do with eBay - arguably the worst thing I ever did was tell Mrs Lucifer about this great new site that puts sellers and buyers in touch with each other.

[Lucifer Box]

feck me the financial status of you lot is an embarressment to the contracting fraternity

saving for a house deposit, you should be looking to pay the whole thing out right in cash

for heaven's sake

Milan.

sp. Embarrassment.

Not everyone earns 8 euros an hour you know.