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'Can I retire at 55 on £70,000 a year?'

Portfolio Clinic: A redundancy payout means our reader is ready to stop work and travel the world. But is his portfolio ready for the challenge? Taha Lokhandwala finds out
'Can I retire at 55 on £70,000 a year?'Published on December 13, 2024
  • Jerome and Pauline have a large investment pot, but need a lot of income
  • Their investment strategy may be too focused on global stocks
  • Will they be able to use their savings sustainably and last their retirement?
Reader Portfolio
Jerome and Pauline 55 and 52
Description

Isa, pensions, general investment account

Objectives

Retire and use their £1.5mn investment portfolio to provide enough income

Portfolio type
Investing for income

When you’ve been saving and investing for most of your adult life, there never really feels like a good time to stop. But sometimes an ideal situation arises and you can take charge and finally spend the savings you’ve worked so hard for.

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