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I'll buy a 1-bed in January 2027 worth ~200K. The mortgage is 30 years, with a 10% (20k) deposit, at 4% interest rate. I'll start overpaying it in about a year since purchase for 2 years (extra bonuses from work). The expenses are: 140 for basic utilities and 200 for council tax and service charge combined. Also I expect some moderate 3% property value increase over time.
I'm 48, in Scotland, planning retirement.
I want to model state pension income as well as extracting lump sum from pension when it's tax free. I'm on 60K contributing 5% with 5% match, the pension fund is £140,000. I have a £300,000 2-bed house (expenses: 250 utilities, 150 council tax, 1500/year maintenance works, 50/mo insurance) mortgage free. Life expenses are about 1000 per month.
I've just got my first "real" job and already googling: how much do I need to retire at 35? What if I just move to a cabin in the Alps, live off Wi-Fi and oat milk, and never look at a spreadsheet again?
Could that actually work — or would my cat sue me for emotional instability?
I'm a Head of Accounting, stuck in a 9-to-5 and slowly sliding into burnout. I've got a house, a car, and some savings. And honestly? All I want now it to take a year off and travel the world. Just trying to figure out - can I actually afford it, or am I dreaming with my eyes open?
Let's assume:
Travel the world - 2k/mo for flights, food and a place to stay.
Current job pays 55k / year. And local expenses are similar at 2k / mo.
I make 70k / year in Amsterdam. My parents in Italy still work long shifts every day. I want to help them retire, but I also want to live my life, save, and maybe take a break without feeling guilty. Is it possible to do both without burning out?
My expenses are standard for someone living in a studio in Amsterdam. I want to send my parents 500 euro per month. And save 300 for myself. If I don't have enough, I'll move into a flat share to save money and can reduce eating out spending.
I'm about to move to Portugal in 5 months. I have 20k in savings. I'll be freelancing, bringing in about 4k euro per month. I want to rent a 2-bed in Lisbon, go to a gym and order a lot of food deliveries.