My aim is to take early retirement Summer 2021. I will be 56, with 23 years service, mostly at SLT level, so my pension pot isn't huge, but to be honest I will just be glad to leave! Sadly I've just had enough. As a DHT over two schools and a qualified SENCo I'm burnt out and need to go!! We have no debts and are mortgage free and have no dependent children (well I say that, but bank of mom and dad is used regularly!!). So I know I am extremely fortunate. My husband is still working but has reduced his working week and intends to reduce it further when I retire. Firstly, I want to know how accurate is the teachers pensions calculator? I have used this to make a spreadsheet, plotting since I reached 55 half termly, my pension and lump sum predictions at these different times. I'm hoping the figures shown are accurate and wondered if anyone could share their experiences? I know teachers do not give you the actual figures until all the paperwork has been submitted. I am just worried and don't want to plan ahead with incorrect figures! Also I'm not sure whether to convert my pension and take a smaller monthly pension and have the maximum lump sum?My initial thoughts were I'm definitely going to take the maximum lump sum, but without sounding daft here, these days what do you do with it as there are no returns on savings at the moment? I don't know what would be the best long term financial decision? I suppose I could buy a second property to rent out for some return? But this I find daunting. Would it make more sense to just take my reduced pension and normal lump sum as the pension is index linked I believe? Any advice would be extremely welcome. Thanks in anticipation.