/biz/ - Business & Finance

There's no such thing as 'retire' there's just becoming a full time investor, lets say you can make on average a return of 3% per year and each year you sell your capital gains tax allowance of £12,500 to live off (move somewhere with cheap rent) you can give up waging easily if you have £1,000,000. If I had that much I would be buying gold/silver mining stocks and agricultural stocks in preparation for the future so I'd be making a lot more than 3% per year

In 10 years:

0 £1,000,000.00
1 £1,017,125.00
2 £1,034,763.75
3 £1,052,931.66
4 £1,071,644.61
5 £1,090,918.95
6 £1,110,771.52
7 £1,131,219.66
8 £1,152,281.25
9 £1,173,974.69
10 £1,196,318.93