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re: At what age did you retire, and what did you do to get there?
Posted on 4/4/21 at 9:58 pm to Alyosha
Posted on 4/4/21 at 9:58 pm to Alyosha
My plan was to retire at 50 but my wife (12 years younger) wanted to work a few more years so I cut back on my time in the office and honestly I could work a long time at this pace (I'm 53 now). Our plan was that once my wife got out of med school we would never spend any of her money and just lived off my income. The only thing she ever paid for was gifts for me. We got to our predecided savings point when I was 49.
3
Posted on 4/4/21 at 9:59 pm to TheHarahanian
quote:
New Orleans Sewerage & Water Board
From the constant reports, I’m assuming your Latoya’s PR assistant?
Posted on 4/4/21 at 10:00 pm to Obtuse1
quote:
My plan was to retire at 50 but my wife (12 years younger) wanted to work a few more years so I cut back on my time in the office and honestly I could work a long time at this pace (I'm 53 now). Our plan was that once my wife got out of med school we would never spend any of her money and just lived off my income. The only thing she ever paid for was gifts for me. We got to our predecided savings point when I was 49.
Well done! How free did you feel?
Posted on 4/4/21 at 10:05 pm to Alyosha
65.
computer stuff. program, teach, write about.
computer stuff. program, teach, write about.
Posted on 4/4/21 at 10:22 pm to Alyosha
Coached HS football in Alabama and taught science until I was 50. Retired and moved to Tennessee. Plan on coaching up here for 5-6 years until my kids finish grad school and then pull the plug at 56-57 and travel. I bought several houses, updated them and then flipped them for extra equity in my house.
Posted on 4/4/21 at 10:48 pm to Alyosha
quote:56
At what age did you retire,
quote:Got old.
what did you do to get there?
Posted on 4/4/21 at 10:49 pm to ShuckJordan
I hope to work my whole life but not HAVE to work any particular job.
My pops couldn’t wait to retire and once he did he lost a lot of the structure that probably was healthy for him.
I think I could probably retire now and keep busy because I’ve got a young family and love exercising. Not sure what I would do (productively) in my later years though if I didn’t have kids to take care of and my body won’t let me be very active.
Maybe I’ll go full circle and work in fast food again like I did as a teenager. I seen the help wanted signs.
My pops couldn’t wait to retire and once he did he lost a lot of the structure that probably was healthy for him.
I think I could probably retire now and keep busy because I’ve got a young family and love exercising. Not sure what I would do (productively) in my later years though if I didn’t have kids to take care of and my body won’t let me be very active.
Maybe I’ll go full circle and work in fast food again like I did as a teenager. I seen the help wanted signs.
Posted on 4/5/21 at 12:03 am to Alyosha
I retired 8 months ago at 62. Not going back to work unless it’s temporary or consulting. I had a way to keep insurance until I’m Medicare age.
Posted on 4/5/21 at 12:10 am to rexorotten
quote:
This is OT. We are all retired by our early 30s.
One of our close friends retired at 30. He already was doing well doing ex military private security overseas, but he also bought a metric ton of Bitcoin before anyone knew what it was. Dude is loaded now.
Posted on 4/5/21 at 12:13 am to Alyosha
On track to retire next year mid 40s after 24 years as military officer. Kids are still young so planning to spend more quality family time with them and be free to travel whenever they're out of school. We avoid debt, spend frugally, and save aggressively. I'll stay productive just on my own terms.
Posted on 4/5/21 at 12:17 am to Fox McCloud
quote:
Way to dox yourself
Hard to find someone who doesn't exist
This post was edited on 4/5/21 at 12:21 am
Posted on 4/5/21 at 12:34 am to Alyosha
quote:
Well done! How free did you feel?
It is quite frankly a little weird. As I said we are still both working but honestly, there is more stress now contemplating both quitting than in the years leading up to the point where we felt we could. While all the credible algorithms say we are good what if there is a worse 2008 type scenario. We could both likely go back to work but how much rust would we have? I am honestly secretly happy my wife wants to work for a few more years since it only strengthens our position. To a degree we have delayed gratification for so long I stress about starting to dip into our retirement. I looked forward to 50 for so long it just doesn't seem real. We have also talked about taking a year sabbatical to see how it "feels" and still leave ourselves a safety net if we just want to go back to our regular life.
Posted on 4/5/21 at 2:13 am to Obtuse1
quote:
To a degree we have delayed gratification for so long I stress about starting to dip into our retirement.
I relate to this. Every calculation I run says we have more than enough but it feels uncertain. That's compounded by the fact I dont know anyone personally that has retired early. Although, given my path I would expect many peers to be in same position. Almost everyone I know takes off the uniform and continues similar work as a civilian even if it means little time off, less desirable location etc...
Sometimes it feels as if I am missing something in my calculus. Maybe we are just better prepared than most but it just took a bit of discipline and I find it hard to believe I am much of an outlier. Maybe I'm just not greedy enough to keep working for money versus other pursuits that may not be lucrative.
This post was edited on 4/5/21 at 2:17 am
Posted on 4/5/21 at 2:36 am to Obtuse1
quote:
My plan was to retire at 50 but my wife (12 years younger) wanted to work a few more years so I cut back on my time in the office and honestly I could work a long time at this pace (I'm 53 now). Our plan was that once my wife got out of med school we would never spend any of her money and just lived off my income. The only thing she ever paid for was gifts for me. We got to our predecided savings point when I was 49.
Well done! Now that’s how you do it. Similarly, my wife is a Nurse Practitioner and pulls in more cash than I do as a software engineer. I’m compensated more in the stock department, however it is all about creating that equal balance between incomes.
Posted on 4/5/21 at 4:46 am to Obtuse1
Do you have any kids? I would love to retire in my mid-50s but we have three kids that are six and younger.
Posted on 4/5/21 at 4:59 am to Alyosha
4 more years
Posted on 4/5/21 at 7:01 am to Alyosha
Lol u poor.
Posted on 4/5/21 at 7:12 am to Alyosha
I have no intentions of retiring before about 70 years old. I could have retired in my late 40’s - just not interested in that. But I’ll tell you about a guy I worked with.
This guy, and his wife, had a life goal to retire at about 48. They had children young, and they would have them out the house a few years before then. They planned for it since they were married in their early 20’s. Their plan was to move to a sailboat and tour the US and the Caribbean until too frail to do it.
They scrimped and saved for 25 years. When the time came they were a little off plan, so they extended a couple of years. But they bought the boat and got it ship shape. Sure enough he retired at 50 and they took off. They have been touring North America and the Caribbean for about 7 years now.
This guy was an engineer. He didn’t make a fortune, but he had a plan to live on less than he made, save the rest, and retire early. It took discipline, but he did it. I’m cheering him on whenever I hear of his progress.
This guy, and his wife, had a life goal to retire at about 48. They had children young, and they would have them out the house a few years before then. They planned for it since they were married in their early 20’s. Their plan was to move to a sailboat and tour the US and the Caribbean until too frail to do it.
They scrimped and saved for 25 years. When the time came they were a little off plan, so they extended a couple of years. But they bought the boat and got it ship shape. Sure enough he retired at 50 and they took off. They have been touring North America and the Caribbean for about 7 years now.
This guy was an engineer. He didn’t make a fortune, but he had a plan to live on less than he made, save the rest, and retire early. It took discipline, but he did it. I’m cheering him on whenever I hear of his progress.
Posted on 4/5/21 at 7:20 am to Ancient Astronaut
quote:
Retired at 40
Why? That sounds miserable
If by miserable you mean i wake up and smoke a bowl of top shelf and drink coffee and decide if I want to ride my ATVs and UTVs, go hunting, go fishing, work on a project in my shop, take out the boat or jet skis, go camping, etc. Trust me...it's a miserable life but someone has to do it.
I am 46 and retired a year ago.
Posted on 4/5/21 at 7:43 am to Alyosha
quote:
I was director of a research center at the University of Cambridge for 8 years (funded well). Retired at 40, but occasionally do educational consultancy on the side.
Look at me, look at me! You must be a load of fun to be around.
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