How does the math work out on that? I’m not quite sure what home prices are like in the UK, but let’s say you bought a house for 350k and paid cash. That leaves 400k. You retire at 30, and conservatively have 40 more years to live. That’s only 10k/year for the rest of your life. You still have expenses such as home insurance, car insurance, consumables, etc. Doesn’t seem like much. To be fair I’m also not factoring in any kind of pension or social security or anything like that.
How does the math work out on that? I’m not quite sure what home prices are like in the UK, but let’s say you bought a house for 350k and paid cash. That leaves 400k. You retire at 30, and conservatively have 40 more years to live. That’s only 10k/year for the rest of your life. You still have expenses such as home insurance, car insurance, consumables, etc. Doesn’t seem like much. To be fair I’m also not factoring in any kind of pension or social security or anything like that.