Dale, age 38, is self-employed and earns between £80,000 and £100,000 a year. His and his partner’s home is valued at £600,000 with a mortgage of £180,000. They also own a buy-to-let property valued at £85,000 with a mortgage of £50,000.
Sipp and Isa invested in funds and shares, gold, residential property, cryptocurrency, cash.
Retire at 60 on income of £30,000 a year, build up retirement fund of £600,000, downsize home and be mortgage free.
“I would like to retire at age 60,” says Dale. “I hope to have built up retirement savings worth £600,000 by that time, from which I would draw £30,000 – 5 per cent – a year.