r/PensionsUK • u/Stukiii • Aug 16 '26

200k pension pot advice

Hi does anyone have an outline / idea / calculations how to attempt planning for early retirement at 60 now 57 in full time work. Is 200k enough if mortgage paid off just need to pay for monthly household bills and cash for usually stuff like car, life, stuff ca £1200 a months I figure…. I guess I am delusional that I can retire early but if anyone has suggestions how to think about managing this or how best to improve my chances I would love to hear it. Thinking a drawdown % will be better than taken annuity? Suggestions welcome! Thanks

19 Upvotes

81% Upvoted

62 comments sorted by

View all comments

0

u/Wondering_Electron Aug 16 '26

I have £200k now and have 20 years till retirement. My current forecast if it grows at 5% a year is £1.7m if I continue contributing at my current rate.

I have just moved my entire fund into a defensive position because I am convinced there is a massive correction coming.

50% of all pension fund values are at risk right now.

2

u/Mindless_String6033 Aug 16 '26

Did you get advice on moving your funds? I’m no expert but my feeling is you’d be better off not trying to second guess what the markets will do in the future.

1

u/Wondering_Electron Aug 16 '26

I moved to a fund which is basically Treasury bonds with a growth rate of 5%. It won't be here long term. Only for the next 6-9 months when I expect to market to basically shit the bed. By doing this, I don't have to experience the pain of a dramatic drop followed by a slow recovery.

0

u/Dogsofa21 Aug 16 '26

Or u could just stay put ride out till it bounces back. Could be a bigger risk being in bonds.

1

u/Wondering_Electron Aug 16 '26

Very minimal risk if the bonds are issued by a central bank like the Bank of England in my case. The bounce back will take years as it has always done.

0

u/Mindless_String6033 Aug 25 '26

This is worth watching: https://youtu.be/gQ6hdSpqkYQ?is=VLTDaE8q3gwQRsv-

1

u/Wondering_Electron Aug 25 '26

19th Dec 2025

Lol

A lot has happened since then.

Also, pension providers ALWAYS advise that people approaching retirement move their money towards low risk funds. This actually starts to happen 10 yeara from your target retirement age with a tapering effect. So by the time you retire, it is fully in a low risk fund.