I plan to retire early (around age 45). Living in Europe. My question relates to what order I should be saving / investing in now and what order to use that money when I get to my early retirement age.

Current plan:

  • Pay into a pension (employer matched) will in total will save 15% of my salary.
  • Save an additional 40 - 50% of my salary each month into a (?*) account
  • Draw-down from the (?*) account from age 45 - 55
  • Draw-down from pension from 55 onward.

I am 30 years old currently. I can afford the savings percentages referenced above. Another thing worth noting is that my mortgage has 14 years left on the term. Although, I could afford to pay it off early, if I dig into my 40-50% savings to put towards that instead.

*what is best here? Stocks and shares ISA? Cash ISA? Investing independently in stock market?

I know this could be complex, but would really appreciate some guidance. I would like to note that once I retire, I will have no mortgage and will have a very low cost of living, so don't need a lot of money. 40 - 50% of my current salary will cover it.

  • You haven't really asked a question so this might be closed unless you edit to do so, but check out mrmoneymustache.com/2012/01/13/… and see if that gives you some ideas. – user9760 Nov 27 '17 at 18:31
  • Europe differs widely in terms of retirement investment options and government support in retirement. Please be more specific. You mention an ISA so are you referring to the UK? – Eric Nov 27 '17 at 22:16

Your Answer

By clicking "Post Your Answer", you acknowledge that you have read our updated terms of service, privacy policy and cookie policy, and that your continued use of the website is subject to these policies.

Browse other questions tagged or ask your own question.