The short answer to “when can I retire” depends on three numbers: how much you have, how much you need to live on each year, and when your other income sources arrive. I get asked this a lot. It is not a question of age. It is a question of
Of all the FIRE variants, the one most likely to actually work for ordinary UK earners is also the least talked about. Full FIRE (saving aggressively until you can stop working entirely) requires very high savings rates that most people genuinely can’t sustain over a decade or more. The maths
If you’ve spent any time looking into FIRE (Financial Independence, Retire Early), you’ll have come across a deceptively simple equation. Multiply your annual spending by 25, the formula says, and that’s the size of investment portfolio you need to retire. £30,000 a year of spending becomes a target of £750,000.
There’s a financial movement that began on the internet in the late 2000s, gathered serious momentum in the 2010s, and now has a sizeable UK following. It goes by the acronym FIRE: Financial Independence, Retire Early. The basic idea is that by saving and investing aggressively during your working years,
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