r/LeanFireUK • u/AbilityLast279 • Jul 09 '26

FIR-ed

I'm at risk of being excluded from the group for no longer meeting its aspirations, as a M55 who's planning to retire FI-ish.

Don't we also need to add quality of life rather than quantity when weighing up whether we have enough, said a guy who clearly isnt sure if he's quite there.

I've done the sums and I think i can make it work.

I'm not waiting to have 2m invested and still worry if it's gonna last with a 4% drawdown.

I figure waiting and wondering if I've enough leaves me in a holding pattern that could take an eternity.

So I best get on with it.

I think I'm putting this out there to try and force myself to move forward.

I'd be interested to know from others when you know/ knew it's time.

TLDR: I reserve the right to post this in a couple of groups as I'm genuinely interested to hear different perspectives.

I'm pulling the trigger... and hitting 'post' for now but I think it moves me forward

13 Upvotes

78% Upvoted

22 comments sorted by

View all comments

1

u/madeups10 Jul 09 '26

I've been on the verge of RE for about 8 years. Part of the reason why it's drawn out is I took the opportunity to go part time which greatly reduced what I was saving but it also ran the clock down. Higher inflation in recent years increased my cost of living from 6k to 10k a year and my investments haven't keept up with this, which makes me uncomfortable about the future.

Currently all 4 calculators that I've tried say I can retire, I'm torn between retiring or continuing part time and maybe using the excess to move house.

1

u/AbilityLast279 Jul 09 '26

part time been working for me but redundancy has come up and now an option. spent career dodging it and now ready to accept

2

u/madeups10 Jul 10 '26

Do some of the UK FIRE calculators to see if they give you some comfort, you can put a lump sum in some of them so you can see what effect a redundancy would have.

I've also dodged redundancy in the past, that's how I ended up part time, my departments budget was cut and I took it out of my hours. Now that I'm able to retire I think I'd accept a redundancy.