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re: What’s the youngest age that a friend of yours retired?
Posted on 4/1/24 at 12:35 pm to carhartt
Posted on 4/1/24 at 12:35 pm to carhartt
Shell geophysicist at 53 years old. Bought a big RV and followed LSU football home and away games. Work for a major oil company 30 years and you’ll retire a millionaire. IBM as well for senior engineers and managers.
2
Posted on 4/1/24 at 1:16 pm to Mr Breeze
quote:
Work for a major oil company 30 years and you’ll retire a millionaire
A low level millionaire ain't gonna pay for the rest of your life if you retire in your 50s. You need lots of millions, or at least I would
Assuming you retire at 53 and die at 80. 27 years you need to pay yourself a salary, go on vacations, have emergency funds, etc. And in our economy that's a lot of damn money.
One of my biggest fears is being old and going broke. Like 75 and running out of money.
Posted on 4/1/24 at 8:22 pm to Mr Breeze
quote:
Work for a major oil company 30 years and you’ll retire a millionaire. IBM as well for senior engineers and managers.
That’s my plan . I have 7 years and 4 months to go. I plan to go at 55 and work my side business. That will give me 31 years. My wife and I want to travel some but nothing crazy .
This post was edited on 4/1/24 at 8:33 pm
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