Could you retire on £1m

[jimharri]

A no risk bank account (with access to funds) would be paying less than 2% net, halving your assumed returns.

Why waste money tying it up in your bricks and mortor?

How much?!! Scrap the flat then, and make do with a Fiesta!

Lol - see my solution for 50k pa tax free

I'm not a greedy fucker and my tastes are fairly simple (like myself!). 35k after tax would do me!!

 

[SWP's back]

How much?!! Scrap the flat then, and make do with a Fiesta!

Lol - see my solution for 50k pa tax free

I'm not a greedy fucker and my tastes are fairly simple (like myself!). 35k after tax would do me!!

I'll set it up and keep the 15 then. ;-)

 

[johnbmcr]

it would be very easy to stop work with a 1.000.000

 

[CITY FOR LIFE]

No way in this day and age, if you want to do every game home and away plus Euro, FAC and Carling maybe 1.5m might get you through.

 

[Mark - TheBlue]

Allot of good financial minds on this forum just want to know how can I use my savings to make money with out doing any work? At all, thanks.

 

[citytill1die84]

I don't know if I could retire but I sure as hell wouldn't mind trying who wants to give me a million quid then? :)

 

[collie41]

I know what you mean GSC, but I think i could eaisly retire on £1m.

I have been thinking about it.

I would buy a nice £500k gaff somewhere in Worsley, but I would get it on a Mortgage over say 15years. The intrest alone would pay the monthy payments. then in 15 years I would still have a large lump sum + a £500k house paid for.

pay off the mortgages for my 2 sisters and mam and dad, and throw a few quid their way.

I would also by myself a nice little villa in Spain or the Canaries and spend my time taking Ryan air flights between them.

add a couple of nice cars (again on finance) Range Rover and Golf R32 for over here and a nice 3 series BMW at the villa.

a couple of corperate season tickets at City

and I think I would open a couple of small businesses maybe car valleting, outside catering, contract cleaning, landscape gardening etc. Just to keep busy. and put a couple of close friends / family in charge of them.

One thing is for certain, I certainly wouldnt be working again!


thats my little dream!

Nice little dream mate, but i hope u win 3 or 4 mill, then u could do it with a bit to spare!

 

[SWP's back]

Allot of good financial minds on this forum just want to know how can I use my savings to make money with out doing any work? At all, thanks.

Depends on:

How much you have saved
How long you want it to last
How much you need it to make

That needs answering for a start fella.

 

[MCFCTrick]

I did.