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 😂

Spreadsheet says just under £10m as we want to make sure investments outweigh property. We also want the right amount of income. This is as well as money well put in trust for grandkids education and health when the time comes. On our way to doing it

2.5 million would match what we are earning now until retirement, but without any salary increases or anything for inflation etc, but we would damage our pensions by quitting now so would need to plan for that. I'd want at least double that to quit because if I'm not going to be working I want money to do what I want I wouldn't want to sit at home. So £5 million plus for me and DH to completely stop working forever. I'm 41

I can’t help but wonder if the posters quoting in the millions will ever earn that much.

We have a paid for house, relatively passive income of £600 after tax and full premium bonds. We already have some investment and pension but we are doing things slightly differently and are giving ourselves around 16 months to get as much in there as possible and then get part time or temporary jobs. I am due to get around £100k in an inheritance around then.

I don’t want to keep working full time if I don’t need to. I will be late 40s and DH in his mid 50s. I think if I had a figure it would just get bigger and bigger but minimum wage is getting quite high and I think we would be ok with a bit of temporary work if we really needed to.

Is that including all your assets?

No I'd want £5 million cash on top of what we have now, but TBF we have a house with a fair amount of mortgage left to pay and a moderate but not MN level of savings (five figures) so not much in the way of assets.

Lose it all in a crash? - if that happens you realise it’s Armageddon and your tenants won’t pay any rent? Sensibly invested money will yield about the same as property. It’s really all very linked, it’s called the economy.

On the subject of spending it all, yep that’s an advantage. You can’t sell part of a kitchen and go on holiday.

Theres two of us plus 2 kids to get through uni. I’d want to maintain our current income of £80k after tax but would need to factor in topping up pension on top of that so about £2.5 mil? Saying that we are planning to retire in 10 years and our income will be more like £50-£60k pretax so we could probably manage with less. Just funding 2 lots of adult fares, meals out etc must be cheaper than 4.

1.625M is my retirement plan. £483k as of now. 50.

Plan to retire on £50k private pension, state pension and a small final salary scheme. Plus £10k a year in interest.

Honestly I don’t have a figure towards this as I’m the type of person to want to make money anyway even if I’m comfortable!

So I’d say, I’d happily leave the corporate world when I’m at the stage where I can make that money vocationally or passively. I think I’d be bored without a job.

But the ideal job would have enough time off for travelling and fulfilling my dreams outside work.

I'm retiring soon, 3 years before I get my pension. We have enough savings to cover my income in the meantime, which will enable me to do this.

And yes, the decision was a 'fuck you' one!

£4m for sure. But I could be tempted at £3m.

DH was randomly talking about winning £1m the other night and I said if we won that much I would be giving up work - so I guess that’s my amount. I wouldn’t want an extravagant lifestyle but that would be enough for a forever home mortgage free and a small income.

500k would walk without a thought. Less, I'd be doing the sums to see it would still work.