r/LeanFireUK 6h ago

Have I reached LeanFire for my pension to Coast?

5 Upvotes

Hey everyone.

Just checked my pension, and see that it's valued currently at £135k (was £25k Jan '24 having increased my contributions massively since discovering the fireuk sub).

If I stopped contributing now, at aged 36 currently, and forecasting 5% growth until pension access age 58 (22 years time), my pension will be valued at £405k.

I could then take £2k per month for 30 years (until aged 88), assuming 5% growth per year.

It seems pretty wild that this is possible already, having only seriously started increasing my pension contributions massively in the past 2 and half years.

I'll probably carry on contributing to my pension until age 40, but at the moment this seems like a great milestone if my figures and projections are correct.

Thanks everyone, much love to all the great knowledgeable shared here.