I spotted this posting on the Firestarter's blog, one of the many fine FI blogs I visit occasionally....
.... and so I thought I'd carry out a similar exercise myself. Click on the Table for an enlarged view.
I've included things like depreciation on household appliances and the car. Although we bought it for just over £4k around four years ago, and we'd hope to get another four out of it at least, the car will have to be replaced at some stage..
It doesn't include the mobile phones or any depreciation on the computer equipment, because they're business expenses.
Unfortunately, despite being mortgage-free (on this particular property at least) and considering ourselves to be reasonably frugal, I don't think we can realistically hit the £10k target but we can (and do) live for around £15k expenses, in today's terms. There's maybe some scope for reductions, but overall it seems a reasonable sum for the two of us.
Still, it was a useful exercise as it gives us a better idea of the size of the savings and SIPP pots we'll need for FI. Using a 4% drawdown rate, it seems that we're on track and hopefully I've at least a few more years of earning potential !!