If you had no savings and lost your job ...

[CurlewKate]

....then you suddenly got £120,000 how long would it last you if you just carried on with your current lifestyle, not looking for a new job?

If it was tax free then probably 4-5 years.

5 years provided my husband still had his income

Probably 3-4 years.
Although I'd probably use some of it to reduce my long term bills - like a more efficient car and boiler for example. So probably less

three years if we made some cut backs.

Tax free? About 5 years

3 years and 3 months

And if we made cut backs- just over 4 years

Tax free, 18 months to 2 years.

6 years, maybe more depending on interest rates on the balance. Assuming it was a tax free lump sum.

I’d pay my mortgage off and the remainder would last around 4 years.

5 years if dh was working. Is this hypothetical or something that’s happened to you atm?

3-4 yrs

Probably about 4 years as long as cost of living doesn't increase too much. Mortgage free though so could eek it out far longer if I had to though

Five years, assuming that:

A) I could take advantage of cheaper opportunities because I wasn't constrained by work - e.g. cheapest holidays, last minute bargains.
B) 8 months worth (about 9k) would be eaten up by some big one-off cost during the 5 years.
C) I'm not making any of my usual savings and pension contributions, and this is spends only.

If DH was still earning at his current rate forever as we don’t need my salary

Me ?
Years and years, but I am living with dh whose income would cover all our expenses.

Are you paying rent, or a mortgage ?
Are you living alone or with others ?
Would you have to pay repairs, upkeep of a property ?
Do you want to 'get by', or be able to pay out for things like holidays ?

So many 'it depends' with this question.

Carried on exactly the same lifestyle? I cluding pension contributions and savings? About two years.

If I cut back I could make it last about four years.

In a roundabout way, surely you're just asking what peoples post tax salary is?

In answer to your question - we could live on my DH's salary and not significantly impact our lifestyle, just save less.

If we both lost our jobs, then less than a year.

No, not me. A friend has been given compensation for an industrial injury and is considering her options.

Current lifestyle, assuming this money was replacing DH’s job as well as mine, then two years.

Which is a surprising realization. We have a fairly basic lifestyle ( one weeks holiday in UK a year, rarely eat out, but nearly all clothes second hand etc) but large fixed outgoings which eat up huge amounts of our disposable income.

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@mrsm43s "In a roundabout way, surely you're just asking what peoples post tax salary is?"

I suppose I am-although I didn't think of it like that. Probably the wrong question.

Ignore the bit about current lifestyle. How long could you live happily and comfortably? I think that's what I meant.

That's an entirely different question.

It's "how long could you eke out £120k for, when being careful about spending?"

And, of course, it depends on basic costs such as housing, or any potential care needs, and depends whether there is an income from benefits and/or pensions.

It's somewhat how long is a piece of string.

Cross post.

I have a friend who was single and had paid off his mortgage who reckoned £500 a month was the minimum he could live on for bills and food, with very basic entertainment and new clothes etc. But lived in a small flat, he didn't run a car and had no dependants and was quite happy with a simple existence (and presumably no CT as he was on benefits at the time). This was approx 3 years ago -he's working again now, so spending more.

19 ish years, however faced with a sum of money like that probably less as I’d definitely be treating myself.