Affording to retire on 1.12m aged 80
Affording to retire on 1.12m aged 80
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Discussion

jimbo761

Original Poster:

499 posts

112 months

Thursday 18th December 2025
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abzmike

12,032 posts

136 months

Thursday 18th December 2025
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jimbo761 said:
Life is truly a struggle for that Telegraph reader.

Hustle_

26,556 posts

190 months

Thursday 18th December 2025
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Probably on here

ATG

23,801 posts

302 months

Thursday 18th December 2025
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Behind a paywall, thank god.

Cats_pyjamas

1,943 posts

178 months

Thursday 18th December 2025
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Should just get a job in B and Q.

abzmike

12,032 posts

136 months

Thursday 18th December 2025
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Cats_pyjamas said:
Should just get a job in B and Q.
Before the paywall came down he’s still doing a spot of consulting…
I didn’t get far enough to see if he was worried about IHT…
Has to be a festive wind up by the Telegraph.

JoshSm

5,110 posts

67 months

Thursday 18th December 2025
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Wouldn't be the first time someone has spun a tale to this bit of the Telegraph just to generate a reaction.

warnie

1,437 posts

229 months

Thursday 18th December 2025
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The Telegraph !

The daily sport has significantly more credibility than that rag..


bigpriest

2,542 posts

160 months

Thursday 18th December 2025
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Readers Wives for the repressed financial investor

Countdown

49,519 posts

226 months

Thursday 18th December 2025
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https://archive.ph/aeg0V

The £1.12m is “just” the SIPP, They appear to have total assets exceeding £3m.

Their relatives might be somewhat disappointed at the size of the IHT bill

InitialDave

15,130 posts

149 months

Thursday 18th December 2025
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Frankly, if I have seven figures floating around at age 80, I'll be making significant investments in Cuban cigars and Blantons.


croyde

26,406 posts

260 months

Thursday 18th December 2025
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Blimey, my current plan is eek out savings then try to survive on State Pension from age 70.

1.2 million pension pot...... in my dreams.

If I were him at 80 I'd cash it in and have fun.

anonymous-user

84 months

Friday 19th December 2025
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croyde said:
If I were him at 80 I'd cash it in and have fun.
Personally I would have retired at 60 and enjoyed myself over the last 20 years. You are a long time dead.

My partners father is the same, he worked until 72 and had millions in pensions and property. He is now 76, doesn't spend a penny if he doesn't have to and drives a 15 year old battered up car.

Seriously what is the point in hoarding it all until you die.

This person is 80, what do they seriously think they need all that money for?

The Gauge

7,447 posts

43 months

Friday 19th December 2025
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ThingsBehindTheSun said:
This person is 80, what do they seriously think they need all that money for?
Maybe he's probably planning a fabulous, elaborate and expensive 90th birthday?

Bazil Bush

210 posts

79 months

Friday 19th December 2025
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ThingsBehindTheSun said:
Personally I would have retired at 60 and enjoyed myself over the last 20 years. You are a long time dead.

My partners father is the same, he worked until 72 and had millions in pensions and property. He is now 76, doesn't spend a penny if he doesn't have to and drives a 15 year old battered up car.

Seriously what is the point in hoarding it all until you die.

This person is 80, what do they seriously think they need all that money for?
I’d have retired early too.

However people who’ve been frugal their entire life seem to struggle to switch to spend mode hence the keeping up the accumulating drive.

ChocolateFrog

34,954 posts

203 months

Friday 19th December 2025
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Hustle_ said:
Probably on here
Let's not get carried away, she's not that rich hehe

Mazinbrum

1,378 posts

208 months

Friday 19th December 2025
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ThingsBehindTheSun said:
croyde said:
If I were him at 80 I'd cash it in and have fun.
Personally I would have retired at 60 and enjoyed myself over the last 20 years. You are a long time dead.

My partners father is the same, he worked until 72 and had millions in pensions and property. He is now 76, doesn't spend a penny if he doesn't have to and drives a 15 year old battered up car.

Seriously what is the point in hoarding it all until you die.

This person is 80, what do they seriously think they need all that money for?
Everyone is different, some people enjoy their work. Not me, I retired at 54 and love the freedom.

Edible Roadkill

2,228 posts

207 months

Friday 19th December 2025
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Not enough money at 80 vs not enough time. Some people really got their priorities wrong !

butchstewie

67,811 posts

240 months

Friday 19th December 2025
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I got a Telegraph sub for £25 because they do have some decent articles but also some batst ones.

I don't know if they run pieces like that to wind people up or if those are genuine "struggles" their readership think they face.

I often read letters/questions in the Money section where you just think "you've won enjoy your life".

okgo

42,185 posts

228 months

Friday 19th December 2025
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One man s winning is another man s surviving. Nothing new there.

I think they clearly have not been able to switch into ‘retirement’ mode but that’s just how some people are. My dad still runs a business at 80.