How Much Do I need to Retire Early? (Guide You Can Use)

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If you have an eye on retirement, then watch this video which explores how much you need to retire, what effect retiring early can have on your retirement funds and a step by step guide that you can use to check if your retirement goals are on track, no matter how old you are.

TIMESTAMPS:
00:00 Introduction
00:56 Step 1 - Calculate expenses in retirement
02:19 Step 2 - Deduct other retirement income
02:44 Step 3 - Use a Safe Withdrawal Rate to calculate pension fund needed
03:19 An example for calculating amount needed to retire
04:59 How much do I need to retire early - case study
09:41 Step By Step Guide to check your retirement is on track

WORK WITH ME - ✅ 📝
I am a Chartered Wealth Manager providing independent financial planning services in the UK. I help people retire earlier, make the most of their finances, protect their families and save taxes.

DISCLAIMER:
The content in this video is provided for information and entertainment purposes. It should not be construed as direct or indirect financial advice. You must thoroughly research any potential financial or investment decision and fully understand the risks before taking it. If in doubt, you should seek Independent advice from a professional adviser. Tax rules and legislation is subejct to change. HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen. The Financial Conduct Authority does not regulate tax planning. The value of investments and any income from them can fall as well as rise, and you may not get back the original amount invested. Past performance is not a reliable indicator of future performance and should not be relied upon.
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It depends on what you mean by 'early'. I don't consider, say, 62 as particularly early, even if it is four years before state imposed retirement age.

tancreddehauteville
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At 4.37 are the numbers the wrong way round? I don’t understand how a higher withdrawal rate needs a smaller amount in your pension fund….

judykelly
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looking at gross or net income? Surely net

killeremma
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Retiring early to me is 50 or below not in your 60s.

dubsdolby