Early retirement: How much is enough?

Financial planningEstate planningRetirement planningBusiness protectionPersonal protectionCashflow modellingPensions

2 May

An older man laughs with his grandchild in a vegetable patch

Early retirement is a dream for many, but it requires careful planning to ensure financial security and sustainability. Leaving the workforce earlier than planned means relying on your savings for longer, and potentially facing challenges such as reduced pensions and increased healthcare costs.

WE SPECIALISE in helping you plan for a financially secure early retirement. We start by assessing your current financial situation, including your savings, investments, and lifestyle goals. Our team then works with you to create personalised strategies that address potential gaps, such as:

Maximising your retirement savings: We’ll help you make the most of your available funds, from tax-advantaged accounts to diversified investments, making sure your money works for you even when you're not working.
Bridging the income gap: Early retirement means fewer years of employment income. We create tailored income strategies to help smooth the transition, whether through withdrawals from savings, investments, or other income sources.
Guarding against inflation: Inflation can erode your purchasing power over time, so we incorporate strategies to protect your long-term financial wellbeing.
Planning for healthcare costs: While the NHS covers most healthcare needs, early retirees may face additional costs for treatments or private healthcare. We help you plan for these potential expenses and ensure you're financially prepared.
Ensuring tax efficiency: We help you minimise taxes on your retirement income, ensuring that you keep as much of your money as possible.

Thinking about retiring early? Let’s make sure your finances are ready to support your dream. We provide the expert advice and strategies you need to confidently plan for your future. Speak to an adviser to start building your path toward early retirement.