How Much You Need to Retire Early (By Age)

You can retire today if you understand that reading a book, going on a walk or sleeping well is the best life can get.

I’m pretty confident I’ll be out of work by 55 with very comfortable retirement, I’m currently 37 and contributing to my pension like a boss, smashing Stocks and Shares ISA, investing in Crypto. Only been going at it for 7 years but already seeing how a bit of time with consistent investments quickly scales.

21 sat at uni working hard to save, this is such a great video as per Damo. Gonna send to my friends!

0:59 I’m an Airbus A320 pilot and thought I was at work for a second or two there

You’ve morphed into David Moyes

HMRC are hoping this will cut down on fines?? More like 4x extra chances to fine.
Great vid btw :)

I retired at 54 and don’t regret it i get a small pension and have some dividend paying stocks from a ISA.

Great advert for HMRC, glad you were able to make this video off their sponsorship. Really positive and helpful for people to have a great video and also have the sponsorship be really helpful

I liked the way you seperated it out making post-65 a different pot of money. It means people are not specifically focused on early retirement can still plan for a phased approach that also makes it easier to deal with the transition out of work !!

i just used the calculator, the good news is that for a minimum retirement (assuming retirement age of 68) me and my missus dont have to do anything more, but for moderate we are short to the tune of 4.5k a month (I think comforatble was over 7k a month), even though i have a SIPP and a decent work pension. so i guess it is squalor and beans on toast for us.

Don't forget to live, being so busy thinking about retirement.

I'm 49 and have about £1.1m in retirement/investments without my spouse - if my mortgage was paid off I'd start working part time now and retire at 57 for sure. I think having a paid off mortgage and therefore a much lower monthly expense over someone with a mortgage or monthly rental cost is huge. Without a mortgage I could do quite well on £40k net a year; but with one not so much!

Never going to retire tbh my best case will be a part time job, its about buying time.

I was like you 25 years ago, and invested and just retired at 50 a few months ago - I likely won't have a lavish retirement, but nor am I a lavish kinda guy so I know I'll be ok with that. I'm healthly and can enjoy these coming years to the max, spending less later on. That sense of freedom and true independence is gold. I wish everyone all the very best in their journey to freedom, it's worth the sacrifices..

Depends entirely on your lifestyle and spending. Some could retire much earlier than others with less because they have a fairly frugal lifestyle. When you get to a certain time in your life, time becomes more important than money.

51 years old. I'm nowhere near being financially secure enough to retire.

I think that you should do a video on having a mini retirement - 6 month or 12 month sabbatical at different ages.
This is desired amongst 20's, 30's and 40's, a lot more than complete retirement.
I don't believe any top youtube investor creator has yet made a video on this subject of mini retirements.
...Lot's of job contracts have sabbaticals in them as an option...

I can afford to retire for 20 days including 8 days bank holiday.

Rising to 29 days after 30 years service

By my calculations i can afford to retire 5 years after i die

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Access the calculators and data tables from the video here:
financialinterest.com/how-much-to-save-to-retire/

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