Circumstances have changed somewhat. I am 47 now, and I want to leave my job (70k salary) and go part time. Spouse (90k salary) is happy to work for 3 more years.
Have 261k in state savings
100 k in Zurich (equities)
DC pension 190k (equities)
Db pension of 8.5k per annum plus 80k avcs.
Spouse has dc pension of 580k.
Spouse wants to retire at 51, currently maxing out avcs, so hope to have 800k in pension by then.
Am I mad to think that we could have 60k per annum as follows:
Draw down spouse 200k in 3 years time, add to state and Zurich, and also take 13k per year to avail of class S. At 61, draw down my dc 35% lump sum, and 4% from each pot. At 66 2 state pensions, db pension and avcs and 4% from each dc.
No mortgage or loans.
I really want to do change to a less stress job, and I think this plan is okay, but the thread on the 1.25m arf is making me think old be mad to try this. I’d be be very grateful for opinions