RE: How much do you need to retire?1 Aug 2018 19:46
I used to use numbers in blocks of a week’s pay.
I used to take home about £2k per month so I got used to spending that.
Being mortgage free was like a week’s pay. My pensions are like a week’s pay. A couple of rental properties are like a week and a half’s pay. Not having two cars and all the costs of being employed (fuel, clothing, coffee at work etc.,) are like half a week’s pay. I retired and no longer need foreign holidays that used to cost a week’s pay.
Life is slower in retirement and I live in Yorkshire now. I hated my job so that helps.
OR