At what age do you want to retire?

[marylander1940]

Age sixty five is not too early for people with pre existing conditions (heart, Cancer. arthritis, on and on). How is fifty five unfair to others. (I retired at 62).

 

Again, how is sixty-five too early, especially for men who tend to live shorter lives than women?

[+ WilliamM]

@marylander1940

Why are you just quoting me with no response of your own?

 

You are way off base on retirement ages.

 

 

"Hit the gym' at least made some sense although many people lost weight, including me, on their own during the current covid19 pandemic.

 

Give people some credit for freaking knowing when to retire. Social Security allows folks to retire at age 62.

[+ Vegas_Millennial]

I plan to retire from my current career at age 45.

I plan to work part time, seasonally, for fun doing something different after this career

[gallahadesquire]

I had a serious medical issue at 59 (three and a half months in hospital / rehab) and out of work for six. Never got back to > 50% part time so I was let go. Made ≈ 80% of my salary from disability and fully retired at 66.

[+ WilliamM]

I didn't want to accidentally help you hijacked another thread.

 

I'll post later.

I don't start threads based on other people's comments. Lighten up about your attempt to control the 100s of discussions/threads you start here.

[dbar123]

I retired last September at 66 while I’m still healthy enough to enjoy it. Burned out from working. It’s fabulous to be freed of the grind. The whole Covid thing put me over the edge when my employer insisted that I come into work and mask up all day

[+ easygoingpal]

At 63 which will be in two months...

[samhexum]

18

[kingsley88]

The age I'd want to retire is.... tomorrow! lol. Realistically I can probably retire at age 50. What would be ideal for me though is to work for 5-6 months and then travel/explore the world the other 6 months.

[maninsoma]

I'm hoping to retire at 60, if my finances appear to be in order for me to do so. It isn't that my job is absolutely horrible, but I so sick of the level of incompetence where I work that I really want to get away from where I work. I may end up working part time or just doing volunteer work after I retire -- I certainly don't intend to just sit on my ass full time -- but to not have a 40 hour per week commitment and to not have to do 75% or more of the work on a two-person team will feel great.

[+ bashful]

Already retired (at 56).

[Quincy_7]

If all goes well I should be financially independent and in the 1% club by 45.

[+ Coolwave35]

If all goes well I should be financially independent and in the 1% club by 45.

Congrats!

[+ Reisr30]

I wish i could have retired at 50; looks like i will be retiring sometime in my late 60... Congrats to those who are retired or can retire early; a bit jealous here...

[fedssocr1]

My current plan is to retire at 60. But there's lots of uncertainty in the world, so who knows? But I have built a decent nest egg already and unless something major changes I will have a federal pension so retiring in 6 years or so seems quite plausible.

[+ tassojunior]

i think most of our advice is that if you can, do! few of us ever look back or regret retiring. 80% take-home pension works out to about the same as working expenses etc with 100%. ((even if the pension you have is lower, taking it and getting another job may mean more money.)

 

i was lucky at 55 to be under the old federal CRS and retired with 80% on my 30th year anniversary day. ( i re-couped my total contributions in 1 1/2 years). At 55 half my income was coming from my salary for working 50+ hours a week and half was coming from a 2-unit "luxury building i own that requires about 2 hours per week. i was able to add some minor political consulting after leaving gov't so my retirement was more $ than working (until i got sick of the political).

 

in short, if you have a pension or even just SSA, compare your take-home for each and if it's close to 80%, go. it's a feeling like getting out of handcuffs. (not that being in handcuffs is a bad thing for those so inclined lol).

Edited May 2, 2021 by tassojunior

[marylander1940]

If all goes well I should be financially independent and in the 1% club by 45.

 

Will you have a houseboy by then?

[+ WilliamM]

I very much liked my job, but had significant health issues. My dad died young (age 53,) and never had a retirement

[+ keroscenefire]

I want to retire now, but I think I'm much too young. Haha. I am really getting burned out on my job though. This recent article in the NYTimes really spoke to me. Really wish I was back to having summers off like I did when I was a teacher. Might have to make some career changes soon.

[Quincy_7]

Will you have a houseboy by then?

 

I'm wary of exclusive arrangements of that nature. They rarely seem to end well.

[rvwnsd]

When I look at where my industry is going and my areas of expertise I foresee more than ten years of rewarding and challenging work ahead of me. However, I see myself as being "done" in roughly ten years at which point I will retire.

[Walker1]

With kids, I don't want to retire till the youngest gets through college. I have the college savings plans-but still. I am frugal and cheap-escorts and masseurs occasionally are my one big splurge. But I wish I could retire now-my job is more a work so i can pay my bills type and not my passion. Being a single parent-I really don't want to take risks and have accepted my lot. It is not a bad job-just no stimulation/challenges anymore as have been in this field for decades and can do it in my sleep and people value me at work.

 

But rather be spending time with my family , enjoying summers travelling, taking a few weeks off for myself etc. Sad to say, I just don't know how to make it happen-where I am secure enough to enjoy a life of leisure and upper middle class-without the job. But I am blessed than many others-so learnt to be content.

[+ pdxleo]

For me, the last 2 1/2 years have been a nightmare of family health issues, death of my partner, being forced to move house, and the job turning sour due to the Covid pandemic - the business was classified as "emergency service provider', so no time off, and staff having to self-quarantine at random times. Thought I'd be able to make it to 67, but now I have a count-down pad in my cubicle, with 172 weeks and counting till I hit 62 and say byebye to working in Oregon, and retiring to Flt Lauderdale and my Ukranian boyfriend. The money's gonna be a little tight at first, but trading cold rains and anarchist craziness for drinks at the beach and a warm soul next to me in bed needs to come about much sooner than later.

[fedssocr1]

But rather be spending time with my family , enjoying summers travelling, taking a few weeks off for myself etc. Sad to say, I just don't know how to make it happen-where I am secure enough to enjoy a life of leisure and upper middle class-without the job. But I am blessed than many others-so learnt to be content.

 

If you don't already have one, find a good financial planner who you can trust. They can help you figure all of that out. I started working with one several years ago and it's brought me a lot of peace of mind. I expect to have more money than I know what to do with when I retire. He's always encouraging me to enjoy my life more. I think I will spend quite a bit of time in retirement trying to figure out the best places to give money away

[Rudynate]

Im 69 now and working more or less full-time. I don't see any reason not to continue that for another 9-10 years.