Financial Planning - 2021 Annual Review

The end of March represented the 8-year point in our 10-year term 'Grand Plan'.  Here are the usual two graph plots:-

Savings Pot to Mar-21

SIPP Pot to Mar-21

There's been a good recovery from this time last year ...

As we described in this 2017 update, the target sum will be met when the value of the combined portfolio reaches the 225% increase level as compared to the baseline valuation from 31 March 2013.

And so we've now exceeded the 10-year target valuation !   

We actually first passed this 225% bar at the end of December last year, i.e. 7 years and 9 months into the plan.  I didn't mention it at the time in case it was only a brief excursion over the line, but three months later we're still there.

So where do we go from here ?  

Well, as we described in the very first review in 2014, the targets were not based on any fixed idea of what particular 'number' would be required to achieve financial independence - indeed we probably reached 'FI-lite' in that very same year.

No, the target valuations we set in March 2013 were simply the best prediction of what was achievable given reasonably fair winds, and were based on the information we had at that time.

Therefore, we'll continue to monitor the numbers against those same targets until at least the end of the 10-year plan period, i.e. March 2023.