A group of us, all in our mid to late 50’s were having a discussion. We had all been working for 40 or more years and all suffered from severe aches and pains as a result. We all had hobbies and interests we would love to devote more time to. So we would all have welcomed early retirement, but couldn’t afford it.

We came to the conclusion that £250,000 would enable any one of us to retire and live comfortably (on £20,000 p.a) and indulge our hobbies. Now, while this may seem like a large amount of money, it is only a month’s wages for a Premier League footballer or a small bonus for someone in the city. This money would enable me or one of my friends to enjoy 25 years (figures below) or more of happy retirement.

So, if you know of a footballer, or city gent, who would care to manage with one less Ferrari or new wing to their mansion, to show their appreciation to a hard working mature person, then I can provide the address of several such people who would be eternally grateful.

Starting amount - £250,000

From age 58 to 65 – 7 years at £20,000 = £140,000

£250,000 - £140,000 = £110,000

£110,000 + £42,000* = £152,000

From age 65 to 80 – 15 years at £10,000 to supplement state and private pension

At age 80 - £2,000 plus any accrued interest plus pensions.

*  7 years accrued interest

From

Pete Pitman

Stapleford