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The old railway use to plummet down with a jolt near the bottom. Loved it.

If I would have "what if" my retirement dreams, I wouldn't have retired.

I am so glad to see you back and look forward to seeing Sarah again! I think your channel is so successful because of you 2, you are such likeable people and I love watching your travels. This shouldn't be a chore for you and if you are enjoying it, we are enjoying it as viewers. I know others are interested in hearing about early retirement, but I just love watching you 2 and your adventures and really looking forward to watching your travel videos. Best of luck going forward and I will enjoy seeing you both for as long as you want to make videos. You do a fab job and glad you are going to make things easier for yourselves so that hopefully you will want to make videos for a long time to come!!

If you sold everything where is Sarah staying?

Been working in Asia since age 39 (Japan, HK, now TW). Even when I am working, feels like an adventure so, at 60, I don't feel the need to retire yet (although financially would be fine). Still have a fascinating job and interesting clients (patent attorney) so I will stick it out a few more years. Able to help family members out and that makes me happy. Probably stay in TW for retirement but use it as my base of travel to other countries.

i retired 2 Months after my 49th year .

Just enjoy your retirement. Why let YT control your life….we retired over 12 months ago mid 50’s. Never been so busy

The "ums" were hilarious!

Loved this! So easy to watch. I’m subscribed to tons of YT channels and despise notifications IRL, nevertheless yours is the one and only channel I have “All Notifications” turned on for. Great to have you guys back!

Luckily I have some knowledge of Excel and have started bringing in the data rom my banking app and categorising it into 6 categories. These allow me to average the categories over a rolling 13 month period and see what I would need over a full year. Most people will have used the same banking app for a few years - so they should have the data available and some apps may already supply categories? I am also using the data to try and reduce spend in some areas (like groceries) as we are looking to retire in a couple of years and I want to slowly transition to a way of living as then trial it for 6 months to make sure the budget works for us.

Always love your videos on these types of subjects. You’re very practical and spot on!

Your life and your retirement is to enjoy each other and what you are doing, not be stressed out by RUclips and what your subscribers/followers are thinking. We will watch whatever you choose to share with us … NO PRESSURE. The more you enjoy your retirement and time on the road the more we will enjoy “sharing” the journey with you.

I'm so pleased to see you back, but make sure you enjoy your retirement first. My interest is in retiring in the next few years, what to consider and how to enjoy it. Sounds like that's what your plans are for the channel too, so I look forward to future content from a truly happy couple ❤

Very good video, take it easy and post just for fun every now and then, slow is the go !

Great video, Neil, but you need to do another video on Portmerion for those who don’t know about it. My husband and I were able to stay there back in 1989 when we were stationed in Germany in the US Army.

For Americans there is a website called New Retirement that I use. 2-weeks free and if you manually fill in your account balances you can continue to use for free. You can get detailed expenses going forward so when my kid finishes school I can project some of our expenses to be reduced, you project income projected to receive. You can include your expected tax in retirement, inflation and investment growth. It really projects your income and expenses quite well.

Great video and thoughts, thanks for sharing. Having income in retirement is the secret to not running out of money. Of course 'exchanging time for money' (=working in a regular job) ) is out of question so having passive income or working minimally irregular hours, then we can have our cake and eat it. Some ideas: Putting money in government bonds, owning commercial property (on full maintenance and insurance), putting money in dividend growth securities, trading FOREX and short term trading cryptocurrencies

The expense of TV isn't the main cost - that's the time cost of watching the cr*p!

Another option is to buy an annuity for steady income (I'm not planning to).

I follow both of you as I would some far away friends with their imperfect dreams and lives trying to make it all work for the best. I learn and enjoy with your tribulations and it motivates me to follow your path when my time arrives. I am still enjoying how you were going to spend a year in Thailand doing exercise (LOL) or discovering Greece and Turkey the hard way! Your explanations of how you finance it, is a great addition! Keep enjoying and we hope to meet you one day!

You used private health care, do you think the average Malaysian has access to that?

There is an airport close by, Subang. It reached its capacity decades hence the need for KLIA. I don't understand you problem with distance, just hop on the dedicated train to KL.

The anchovies taste much like very crispy bacon and bear no resemblance to seafood. As for the seafood in Malaysia, or elsewhere, you're really missing out. Whatever put you off it in the UK you need to try again. A soggy, thawed out prawn in the UK is completely different to a fresh one that has a real crunch and a burst of sweet juicy flavour as you bite in. The same is true with fish and crab.

I've been saving for my retirement since I was 20 years old back in 1991, my dad got me to sort out a pension with the Co-Op and the rep taught me something I have never forgotten since, he said "Always save a minimum of 20% of your income into pensions of savings.". Even when things got tight and we had a mortgage ( thankfully no longer! ) I still always put 20% away, as money went up as the jobs got better I just increased my payments to keep between 20%-25% savings. We camping holidays and never had expensive gadgets or new cars, all in order clear the mortgage and keep saving. Fingers crossed I got just 5 years left to work and I can retire at 58. I'm seeing an IFA next week and I'm hoping it's mostly on track and just needs some tweaks to get me to the magical "R-day"! As a side note I was a huge fan of The Prisoner after I first heard the Iron Maiden song of the same name, the band even got permission to use McGoohan's quotes in the song! I finally got to go to Port Merrion in 2014 with my wife and having been a fan of the show and the band since I was a teenager in the 1980s, it was one of those silly little things I just had to do and the place was even better than I expected!

Don’t forget to allow for tax in that budget as well- current expenses are after deductions and so will they be for most in retirement

This 4% rule winds me up. This assumes you never want to touch your million pounds. This keeps people in work much longer than they need to be.

We have a RUclips channel as well, we do review Hotels and share tips on how to become financially free, but we ditched scripts as well (as you probably can see) it should be fun, so good for you! We must enjoy this life every day!!!

Interesting, but not really applicable to the average working person. As a single parent I couldn’t afford big retirement savings, I could hardly afford a cheap caravan for a week off season. I did put a very small amount away every month for retirement though. We cut our cloth to suit our circumstances, I’m five years retired now, I have my state pension, a small work pension, and my savings which I increased over the years as I could afford to. I have more than I need to fund my retirement, but that’s the retirement I planned for which doesn’t include multiple holidays, I would soon get bored of that. My advice would be to just start small and save what you can, increasing as you can, but don’t forget to enjoy life now, not everyone makes it to retirement.

My wife and I retired at 62 in 2016. One the most important things that we learned (and would love to impart to future retirees) is to have the proper balance in life. What I mean by that is do not work yourself to death so that can save for retirement or spend all of that hard earned money before you retire so that you will have nothing to live on. We had well paying jobs and enjoyed going on vacation every year and purchasing some of our wants (as long as it was not too extravagant). We raised two sons and helped them to graduate from college with no student loan debt. We paid off the mortgage on our house early and when we wanted to get a new car we paid cash. But equally importantly we set aside money in our 401ks/403bs to help prepare us to live comfortably in retirement. As a result we have a net worth of over a million dollars and a comfortable pension of over $100,000 a year. Now we spend all of our time traveling the world, crossing items off our buckler list and give to those in need (set up scholarships and donate to organizations that assist the needy). I just had cataract surgery on both eyes and hip replacement surgery and we will be able to pay for any out of pocket expenses, no sweat.

Get out of debt. Life is so much better when you do have payments going out every month. You can enjoy life so much more.

I'm going to start calling myself "CFO of finances" (of my own finances). Thank you for such a realistic peer into the world of retirement.

Good video Neil. A very important figure that many people forget about....the Age Pension/Social Security. This goes a VERY long way towards the "$1MM" required. Also in some countries TAX is a big thing to figure in...fortunately for me, in Australia earnings and withdrawals from our Superannuation system attract 0% tax once retired. This makes a huge difference to the "$1MM" figure too.

Everyone has a different comfort level. I tend to be conservative with money. So, I told my husband I would only be comfortable retiring if our living expenses (minus medical care and big purchases like cars, etc) should be lower than our Social Security checks. We’re one year in and have lived on those checks here in Mexico. We’re living a comfortable but not luxury retirement. Of course we didn’t live a luxury lifestyle when we were still working either. If you’re living on your pension or other old timer checks, you have a lot of wiggle room when it comes to the size of your investments. Because you’re not drawing down. We took out only $4000 so far in a year. $3000 for a motorcycle and $1000 for an operation.

Not accurate to relate expenses with 5 kids; 3 in college and 2 in high school now, to my wife and I living by ourselves later. Big number now! Food alone. Now will not equal later.

1:25 there was a remake of The Prisoner in 2009 starring Jim Caviezel and Ian McKellen, set in what looked like a desert, unfortunately it was 100% garbage.

I never saved or invested for retirement, nor did I own assets like property or a car so I found out exactly how much I would get in Social Security benefits plus a small pension at age 62. Then I created my budget and got busy cutting every expense so I could pay off all my debt. I use the "rule of thirds" - 1/3 goes to rent and utilities, 1/3 to food, transport, insurance, personal care and 1/3 to savings. Fast forward a few years and it's working great! Staying debt-free and having an emergency fund is the solution.

One way to accurately estimate variable costs is to write down what you spent on each expense for the last 12 months and then divide by 12. That way, you are accounting for seasonality, inflation, etc...

O. M. G. !!! I cannot believe the backdrop you chose for this video. And I had no idea it was a place you could visit. Could you please provide particulars about where it is? My ALL TIME favorite program. I have it on DVD. Also, FYI, you can find most of the episodes on RUclips. Also, so happy you’re back. Another great video.

4% rule + basic uk tax 20% use the following number rule: Monthly spend need x 375 = pot size required when paying 20% tax. Great spread sheet tools out there available on youtube: James Shack, Edmund Bailey, Ian Shadrack. Take a look

I never really thought about it. Just kidding. I'm already happily retired.

Great content and thank you. I've been planning hard for the past couple of years with my own spreadsheet - I think I will be ready to retire in 18 months and should be fine - all based on a 3% return and still more than I'm living on now but a nice lump sum to eat at as well - look forward to the next one, thanks Nick

Hi Neil, I like the backdrop and delivery. You are a natural! As a former banker turned finance professor, I would add ego, self esteem, and other emotional factors to the retirement equation. People can budget and try to change their life habits, but it seems to me many have underlying "needs" that are driven by psychology. I will offer the example of the expensive car - in the US the most widely sold vehicle is the F-150 pickup truck (I could pick on BMW owners etc too) $40K to $120K - yet I suspect that many if not most "owners" (renters!) cannot afford them when you factor in their need to save for retirement. The difference in cost between a Toyota Corolla and such a truck is absolutely massive especially when you factor in the increase in insurance cost, maintenance (tires alone cost a fortune), and gas. What people overpay for vehicles (and other consumables) could be invested in an index fund to easily assure early retirement. So if a reader is guilty here, ask why do I need this? Am I trying to impress my neighbors or my drinking pals? And really are they worth impressing? Or am I telling myself I work hard therefore I deserve (even if I can't afford)? Am I trying to replace something that is missing in my life by way of an object - lack of purpose, hatred of my job, bad marriage - psychology is obviously complex. So I would say: confront these "demons" as you go through the budget process. If you feel good about yourself, you won't need the "admiration" of others! And budgeting will become a lot easier... Cheers, Rod from Honolulu

Wohooo 🎉

Good video with sensible advice as usual. We did a detailed record of our spending patterns for a full year and used that as a baseline for retirement planning. I think people also have to be brutally honest on their spending patterns and understand if they are extravagant, frugal or middle of the road. This ability to be honest with yourself is key. Figuring out your location and therefore living costs as you move through the three phases of retirement is important. If you plan on being located in one country for the most part it makes the calculation easier albeit residential care costs can vary/increase a lot regardless of location.

Thanks for the thought provoking discussion.

We make a simple outline and then just turn the camera on and talk

Even though we upload twice weekly we have decided that our retired life comes first. We average an hour or two a day at most. We love living retired life. Gorgeous view you have there!

Feels like showing off - pride comes before a fall

Great vid! Neil, did you see my email on 5/25? Part of it spoke to today’s topic.

Inspiring as always. 2 year countdown for me till retirement! Thanks Neil!