£750k milestone achieved.
Afternoon, graph hounds!
Now that we’ve breached £750k in net worth, I thought it was a good time for an update. This is a joint net worth graph covering both my partner and me.
Assumptions:
- Retirement: I (M early 40s) plan to fully retire at 55, and my wife (F Mid 30) also aims to retire at 55. She is 5 years younger than me.
- Inflation & Growth Assumptions:
- Both DB pensions: Both are CPI-linked, so they will track inflation.
- House price: Assumed to remain static, as any growth wouldn’t affect our financial plans—it’s only included to show mortgage debt decreasing over time.
- Mortgage repayment rate: Stays at 4.2%.
- Investment Growth: SIPP & Stocks & Shares ISA grow at 3% per year. (7% growth -4% Inflation), I need to know how many Freddos i can buy in 2050.
- Very little held in cash, so not much inflation worries there.
- Income & Expenses:
- No significant pay rises expected (due to the nature of our jobs).
- Childcare expenses are behind us, thank Zeus' beard.
- SIPP & ISA contributions remain at current levels.
Financial Events:
- 2022: Received a £50k gift, which was used to reduce the mortgage.
- 2025: Received a £30k gift, kicked start S&S and chipped away at mortgage.
Future Considerations:
Potential Purchase of a 'Forever House': Future plans may be disrupted by the potential purchase of our forever home, which could double the mortgage and significantly affect our net worth projections.
Current Financial Situation:
- Household income: ~£75k (1.6 FTE jobs)
- Two kids, mortgage in place
