FIRECalc

[okgo]

PSRG said:

It’s well designed, but insists that I don’t get my state pensions until 68 and can’t access my personal pension until 57. But as I’m already 54 I think those numbers should be 67 and 55…

https://www.gov.uk/early-retirement-pension/person...

Would also be good for there to be an option to look at FIRE as a couple. Suppose you can just do the thing twice but a bit of a faff. Can’t imagine a world where my wife would be working and I wasn’t.

[havoc]

okgo said:

And thats the key, I think you have to now be a high earner to still be able to do things AND be frugal. On a lower salary, being frugal could be entirely joyless, especially with a family, doing THINGS in the UK is expensive by and large.

Quite. As just one example, have you seen the price of even simple package deals / holiday lets / flights during the school holidays now (Mediterranean, Centre Parcs...anywhere really)? Absolute rip-off territory post-COVID.

bigandclever said:

I hate these calculators, mainly because they're not appropriate for me so when I plug my numbers in they're always "red" or "danger" or "massive shortfall" or "no". I'm knackered, what I need is a time machine

You and me both. Currently trying to decide which of the following is more important:-
- Halfway-adequate pension contributions
- Paying off the additional mortgage that's funding the extension
- Doing stuff with the kids / taking them on a decent holiday
- Fun stuff with me and the car / road trip
- Redecorating / renovating the rest of the house

...I think I can manage 2 out of 5 OK, a third at a push.

[Mazinbrum]

PSRG said:

loafer123 said:

FunkyCEO said:

Good thread revival

https://blackandwhitefire.com/

This looks like a good stab at a UK calc (nothing to do with me, i picked it up from a reddit post) - challenge as always is trying to figure out what budget i might want/need at retirement

That's really well designed.

It’s well designed, but insists that I don’t get my state pensions until 68 and can’t access my personal pension until 57. But as I’m already 54 I think those numbers should be 67 and 55…

https://www.gov.uk/early-retirement-pension/person...

I prefer https://guiide.co.uk/ as you can choose to use all,none or some of your 25% tax free cash in your annual drawdown.