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Started By
Message
Retirement - how long until you hang it up?
Posted on 6/27/14 at 9:14 am
Posted on 6/27/14 at 9:14 am
Approximately 262 more months for me.
That is at my current monthly savings level and estimating a 7% return...anything more than that is gravy....and I hope I can cut into those 262 months as I move up in the work world.
Having a plan is the most important part....the short term temptations are hard to ignore....but the plan makes me focus on me and not keeping up with the Jones.
Edit - I want to "retire" so I can work at the National Ability Center in Park City, Utah. Being there when kids smile as they snow ski is something pretty amazing.
That is at my current monthly savings level and estimating a 7% return...anything more than that is gravy....and I hope I can cut into those 262 months as I move up in the work world.
Having a plan is the most important part....the short term temptations are hard to ignore....but the plan makes me focus on me and not keeping up with the Jones.
Edit - I want to "retire" so I can work at the National Ability Center in Park City, Utah. Being there when kids smile as they snow ski is something pretty amazing.
This post was edited on 6/27/14 at 1:11 pm
20
Posted on 6/27/14 at 9:14 am to nelatf
only 42 more years.. getting close now
Posted on 6/27/14 at 9:18 am to Delacroix
About 456 months.
I'll probably work until I die, though. Sitting around just isn't really my thing.
I'll probably work until I die, though. Sitting around just isn't really my thing.
Posted on 6/27/14 at 9:21 am to TheHiddenFlask
The goal is 8-12 years.
Posted on 6/27/14 at 9:22 am to nelatf
Ideally, age 55 would be nice so about 360 months. Without getting married, age 50 or earlier is realistic but due to getting married I don't have a clue. I might work til I am dead.
This post was edited on 6/27/14 at 9:24 am
Posted on 6/27/14 at 9:43 am to nelatf
About 30 years if all goes well (I'm 23), but I would like to have an LLC and do some consulting on the side once I do retire.
Posted on 6/27/14 at 10:34 am to TheHiddenFlask
quote:
I'll probably work until I die, though. Sitting around just isn't really my thing.
180 months for me. But I am pretty much with you, i don't see not working. we will probably take a mini retirement in about 5 years, travel a bit for a year or so, then return to work.
Also - if you are 30 years away from retirement, don't count just yet. it will kill you.
Posted on 6/27/14 at 11:12 am to nelatf
I'll cut back, but have no plans to fully retire. I enjoy the courtroom too much.
Posted on 6/27/14 at 11:18 am to nelatf
18 months and counting...
Posted on 6/27/14 at 11:24 am to nelatf
If I ever get to the point where I know when I'm going to "retire", I'll know I'm doing it wrong.
Posted on 6/27/14 at 11:45 am to nelatf
I'm 27.
Depending on market/taxes, 29-35 years.
Depending on market/taxes, 29-35 years.
Posted on 6/27/14 at 12:02 pm to TheHiddenFlask
quote:
I'll probably work until I die, though. Sitting around just isn't really my thing.
Same here. The only way I could fully retire is if I had so much money I could just spend money all day doing activities while traveling the world.
If I just sat around watching TV because I couldn't entertain myself keeping a budget, I'd die from boredom.
Posted on 6/27/14 at 12:13 pm to Teddy Ruxpin
quote:
If I just sat around watching TV because I couldn't entertain myself keeping a budget, I'd die from boredom.
i know several retired relatives this is mostly what they do. I would rather work than watch fox news all day, which is what they do. Yack.
Posted on 6/27/14 at 12:15 pm to nelatf
I plan to retire when Charlize Theron decides to quit that acting thing she does and is ready to settle down. Still waiting but every day is one day closer.
Posted on 6/27/14 at 1:04 pm to nelatf
I want to be ready to retire at 62 (~180 months) - at that point, I will have a 3 sources of residual, permanent income at, give or take $60k per annum as a floor.
I guess the remaining analysis will be how well my investments have done at that point, and how much of my house I can have paid off at that time.
I can find things to do in retirement, even working part time - but I want the option to walk away at 62 as a goal. I may work until I die - depending on what happens in the news few weeks.
I guess the remaining analysis will be how well my investments have done at that point, and how much of my house I can have paid off at that time.
I can find things to do in retirement, even working part time - but I want the option to walk away at 62 as a goal. I may work until I die - depending on what happens in the news few weeks.
Posted on 6/27/14 at 1:05 pm to Hawkeye95
quote:
would rather work than watch fox news all day
You can watch MSNBC - with the size of their audience, you would make a statistically noticable addition.
Posted on 6/27/14 at 1:14 pm to nelatf
Retiring isn't in my plans
Posted on 6/27/14 at 1:28 pm to yellowfin
quote:
Retiring isn't in my plans
It's all relative. I plan to retire from my current business and turn it over to my son and start a new business in a place where I want to spend most of my time. Right now my current business is in the place it needs to be in due to the type of business I own.
Do I ever see myself getting up and sitting in a chair all day being "retired"? No. That leads to a quick death. I plan to be active and involved for a long time.
This post was edited on 6/27/14 at 1:29 pm
Posted on 6/27/14 at 1:51 pm to nelatf
17 years if things go according to plan.
Posted on 6/27/14 at 2:45 pm to pdubya76
27 years (age 55).
Just passed the age/time where I have less years of work in front of me than years I've been alive.
Just passed the age/time where I have less years of work in front of me than years I've been alive.
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