What's your "fuck you money" figure?

[TrioOfTwats]

"Fuck you money" is where you have enough liquid assets to walk away from your job without a plan, most likely into a life of leisure without the need to undertake paid labour ever again.

What's your figure?
How old are you?
How far away from your "fuck you" figure are you?

My figure's about £1m which would allow for a house move and then a comfortable lifestyle with a small draw down each year until pensions kick in.

I'm turning 40 this year.

I've got about £600K to go.

I dream about my early retirement daily 😂

I have thought about this in a bit too much detail. Mine is £700,000. I think I could live my current not-particularly-extravagant lifestyle on 4% of this reasonably comfortably, especially if I wasn't working and therefore didn't have to pay for things like childcare and dog walkers.

DH is on the verge of doing this. I expect him to last about 4 months before he gets bored and starts doing something else!

£3m between us.

I once read that you needed £2 million to live a millionaire lifestyle in the UK. But I looked that up again recently and now you need £5 million. However, I don’t need to live a millionaire lifestyle! I would just need enough to be able to live the lifestyle that I currently have. I’m not very good at working out how much you need in investments in order to live off the interest but that would be the ideal!

Ideally £2-£2.5m between us in pensions/investments to be able to retire.

Some way to go 😄

£4m would be the minimum

Assuming you spend £1.5 million on a nice house and 0.5million on furnishing it, new cars, new clothes etc. Would leave you £2 million on which the interest you would earn after tax would be £40k/year. Not that much

net take home is approx £40k a year and 20years until retirement age so that's £800k to maintain current lifestyle with extra cash from the mortgage that I won't be paying.
less than £50k to pay off the mortgage, but l'd like to move so let's say another £200k for extra property and legal fees etc.
So £1m should just about cover it.

70-100k. I’m 60 and work full time, but that would be enough for me to stop working and be OK. I wouldn’t want to move, though. I like it where I am.

Right now I have about £90 but im waiting for a diret debit to come out, so will have about £70 left to do what I want with.
Savings £2k

Sorry im quite poor compered to mum netters.
But hey im debt free.

3 million.

• £2m to invest and allow a safe 4% drawdown each year whilst still allowing room for growth, providing pre-tax income of circa £80k a year. Plenty for us to live on comfortably enough for life.
• £700k to pay off the mortgage on new house purchase.
• £300k 'emergency' fund.

Out of that £3m we're about £2.9m away right now 😂

That is the thing. Often those who are able to financially, are not able to temperamentally.

A grand parent of mine benefitted from an opportunity when he missed out on a friends offer to go in to business earlier in life. The friend sold up but then got board and there was a second chance at the offer. Which was eagerly accepted.

It would have to be in the millions. I would think real F-you money would go beyond just being able to quit work, I would think it would allow you to ignore any one who was trying to pressure you. Imagine being sucked in to a national scandal (imagine your child is accused of something horrible).

Assuming I'm taking DH into my life of luxury, we need about 4 million. 60k a year for the next 50 years as an approximate household income. Then the extra million to pay off the mortgage, get some work done on the house (or just buy a new house) and a bit spare for emergencies 😁

Not a lot. I'm 62, no savings, mortgage is paid and wouldn't want to move.

I reckon £100k would be enough.

tenner on a good day, fiver on a bad.

I’ve done it. A few 100k . Rental properties making 3k a month. I don’t like pensions prefer BTL it doesn’t dwindle to nothing,

Just retired with £1.2m and no mortgage to pay off, so I’ll let you know in years to come if it was enough 😆

Between £1-2m.

£1m would allow an income (also have pensions) but the extra would allow us to buy the ideal "retirement" place which just be a modern home that's eco friendly.

1.5m to keep current level of income/lifestyle to retirement.
Although pensions not great so might need same again to have a really comfortable retirement so call it £3m.
Unless we win the lottery will be working til retirement age and downsizing to help bolster pensions

Some days in the office it would be as little as my bus fare home.

About £500k to cover us both, would cover us on bills for a slightly earlier retirement before pension kicks in. £1 million would make early retirement fun. Stupid amount of money really.

I need my pension to grow by just under £200k between now and my planned early retirement date. Then I need to save about £75k to cover the gap until I can draw the pension. Plus another £10-15k for every year if I want to try and finish earlier.

I currently have about £15k - praying it grows 🤣 in the next 12 years

I was losing hope until I saw your comment.
There is others like me that live in the real world.
Lol most on here can't be real.

How much are you planning to spend a year / how old are you?

I have a final salary pension. I work in one of the very few industries to still have them. Savings, currently around £50k. At 60 I can take a tax free lump sum out of the pension , and coupled with whatever savings I have by then, I can buy a small property. I save £1100 a month so hopefully I'll be fine.