Thread List
First Page Previous Page Page 90 / 308 Next Page Last Page
Subject#Latest
9 31.03.11
6 31.03.11
3 31.03.11
3 31.03.11
7 31.03.11
1 31.03.11
2 31.03.11
3 30.03.11
3 30.03.11
5 30.03.11
2 30.03.11
3 30.03.11
4 29.03.11
2 29.03.11
2 29.03.11
7 29.03.11
3 29.03.11
7 29.03.11
10 28.03.11
13 28.03.11
2 28.03.11
1 28.03.11
3 27.03.11
7 26.03.11
1 26.03.11
5 25.03.11
8 25.03.11
7 25.03.11
2 25.03.11
13 24.03.11
3 24.03.11
14 24.03.11
12 24.03.11
1 23.03.11
14 23.03.11
4 23.03.11
4 23.03.11
4 22.03.11
3 22.03.11
10 22.03.11
4 21.03.11
1 21.03.11
7 20.03.11
4 20.03.11
6 20.03.11
1 19.03.11
6 18.03.11
12 17.03.11
3 17.03.11
1 17.03.11
First Page Previous Page Page 90 / 308 Next Page Last Page

saving before retirement

 
#1 saving before retirement
19/03/2011 15:15

anon

How much majority of the people on this forum intend to save before they retire?

I am 34, earning £70k basic and have £70K loan on me. Own 3 bedroom house with 25% ownership. I would like to retire by 50 with a £2.5 million saving at the minimum. that's the least i expect from my life. The most i expect is £25 million by 50-55. To save £2.5 to £25 million in 15-20 years a business is on the cards which I am intending to set up in next 2 years.

What are majority of the people here intend to save before they retire.

As many views on this topic will be great.

Reply  Quote   
 
#2 RE: saving before retirement
19/03/2011 16:42

jj to anon (#1)

Why do you want the money? Do you have a specific goal e.g. a certain lifestyle in retirement? Or is it not really about money to spend but about a measure of achievement?

And why does it make any difference what other people intend to save? It is not a competition. We all have different goals and aspirations.

Reply  Quote   
 
#3 RE: saving before retirement
19/03/2011 17:37

anon to jj (#2)

Why do I want £2.5 million at a minimum from my life:

0.5 million for UK Home, 0.5 million for holiday home. 0.5 million for my 2 childrens. The remaining 1 million to generate a minimum income of £5000 per month in interest to live a peaceful life.

if can contribute then say otherwise kindly let other people respond to what they want to achieve in their life. Since we all share management consulting background hence, I just want to see what other people aspire to achieve on their retirement.

Reply  Quote   
 
#4 RE: saving before retirement
19/03/2011 18:12

jj to anon (#3)

So you plan to work hard to earn £2.5m; then retire; and eventually die with £1m tied up in property and £.5m given to your children.

My plan is to inherit £.5m from my parents. Add it to my own £1m. Retire at 50. Switch to rented accommodation at 70. Spend all the money. The kids will have their own successful careers.

Reply  Quote   
 
#5 RE: saving before retirement
19/03/2011 23:57

anon to jj (#4)

0.5 million for children is for giving them the best education (Harvard/LBS MBA) on this planet rather give them as a gift to spoil them.

1 million tied up in property will be for my wife "if I depart before her" or for my children once my wife and I have gone.

I don't fancy spending my hard earned money in lavish lifestyle. I will be happy in a steady £5K per month until I die. Yes if sometime I want to spoil myself I can use some of the principal money from the 1 million I kept for myself/ generating interest.

That's is it!!

Reply  Quote   
 
#6 RE: saving before retirement
20/03/2011 13:30

Dave to anon (#5)

What a way to live life!

Might as well be a battery in "the matrix".

Reply  Quote   

Top of Page

ThreadID: 72430

Advertise
Your Jobs!