- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Retiring at 50
Posted on 9/19/22 at 9:04 am
Posted on 9/19/22 at 9:04 am
I'm 45 and aiming to hang it up in 5 years. I should have my debt paid off and the kids will be on their own. The next 10 years should be my highest earning years, but I'm burnt out. Has anyone walked away from a decent salary and retired early?
Edit: I enjoy what I do and I'm good at it, but I don't find any joy in making money. My wife just got a job as a para-pro so our health insurance is covered through the state. I've purchased some land and intend to have a garden and raise goat and chickens. Maybe hogs. I want to be able to sit down for dinner and know that I grew that food for my family.
Edit: I enjoy what I do and I'm good at it, but I don't find any joy in making money. My wife just got a job as a para-pro so our health insurance is covered through the state. I've purchased some land and intend to have a garden and raise goat and chickens. Maybe hogs. I want to be able to sit down for dinner and know that I grew that food for my family.
This post was edited on 9/19/22 at 11:09 am
65
Posted on 9/19/22 at 9:05 am to Rex Feral
Do it if you can
Work is for fools if you dont need to
Unless you actually enjoy your work- then, by all means, keep doing it
Work is for fools if you dont need to
Unless you actually enjoy your work- then, by all means, keep doing it
Posted on 9/19/22 at 9:06 am to Rex Feral
As long as you've set yourself up financially to not have to worry, if you can do it I say why the hell not?
And it's not like you can't go back to work (or do something) if you find retirement boring or whatever.
Go for it.
And it's not like you can't go back to work (or do something) if you find retirement boring or whatever.
Go for it.
Posted on 9/19/22 at 9:06 am to Rex Feral
If you have the money to live comfortably while taking into account cost of living and inflation the next 30 years, frick yes you should do it.
Posted on 9/19/22 at 9:07 am to Rex Feral
Use the next 5 years to build a contingency plan to do something you enjoy and build to that instead of retirement. Then retire from what you’re doing, but pursue a “profitable” passion.
You’re looking at a whole lot of life to live without a purpose if you stop everything that young.
You’re looking at a whole lot of life to live without a purpose if you stop everything that young.
Posted on 9/19/22 at 9:07 am to Rex Feral
It'll never happen for me that early. I need time to save more.
My dad walked away from work at around 55-56. He was also single, lived off of his per diem the last 7-8 years of his career and had a rather unique situation that allowed him to stay on the company health plan until 65.
My dad walked away from work at around 55-56. He was also single, lived off of his per diem the last 7-8 years of his career and had a rather unique situation that allowed him to stay on the company health plan until 65.
Posted on 9/19/22 at 9:07 am to Rex Feral
quote:
Retiring at 50
I hate you....
Good for you, if you're not making shite up.
Posted on 9/19/22 at 9:08 am to Rex Feral
I'm sure many have, quality of life in retirement is key. Earlier you retire, the more money needed and also greatly depends on lifestyle in retirement.
Posted on 9/19/22 at 9:08 am to Rex Feral
Financially is an easy answer. I’m sure you’ve got that figured out.
But do you know what you’re actually going to do for the next 20-30 years?
My FIL retired at 55. Shitload of money. He played golf for five years and went to the lake some. But he definitely lost purpose in his life. He hasn’t really been himself since he was 68ish. Now he’s 74 and seems depressed.
I’d try to maintain ambition with something even if it’s not in a career. Treat what you do as if it is.
But do you know what you’re actually going to do for the next 20-30 years?
My FIL retired at 55. Shitload of money. He played golf for five years and went to the lake some. But he definitely lost purpose in his life. He hasn’t really been himself since he was 68ish. Now he’s 74 and seems depressed.
I’d try to maintain ambition with something even if it’s not in a career. Treat what you do as if it is.
Posted on 9/19/22 at 9:09 am to Rex Feral
I retired from the military at 49. Did 30 years. I got an easy job to supplement and keep busy. When my daughter graduates in 3 years, I may consider not working at all.
Posted on 9/19/22 at 9:10 am to Rex Feral
I’m with you. I should be debt free by 43. Kids should be out the house and on their own by 50. The moment my last kid graduates college I’d like to have a plot of land ready, sell my house, and retire to the woods. I’d plan to get the land while the kids are in high school and use it to teach them outdoor skills and relaxation. Keep myself busy daily with a vegetable garden and some animals, Etc
This post was edited on 9/19/22 at 9:17 am
Posted on 9/19/22 at 9:10 am to Rex Feral
Free advice for our young OT baws:
1. Have as many kids as you want as fast as you can.
2. Make as much money as you can as fast as you can and retire as early as you can.
3. Keep working a little after retirement if you otherwise have nothing to keep your mind busy.
1. Have as many kids as you want as fast as you can.
2. Make as much money as you can as fast as you can and retire as early as you can.
3. Keep working a little after retirement if you otherwise have nothing to keep your mind busy.
Posted on 9/19/22 at 9:11 am to Rex Feral
Can always try a 3-6 month sabbatical.
Posted on 9/19/22 at 9:12 am to Richard Grayson
I'll be 45 in a few months. We should be empty nesters in 3 years but I'd imagine we'll still have a ways to go before the last one is off the payroll entirely. Probably 7-8 years at least.
Posted on 9/19/22 at 9:12 am to StringedInstruments
quote:
He hasn’t really been himself since he was 68ish. Now he’s 74 and seems depressed.
Maybe he realizes he spent too much time work during the prime of his life and missed out on so much. Happens all of the time. Work hard in your 20’s to 40’s and miss birthdays, vacations, family events, trivia night, kids sporting events, etc. just to run the rat race and come out at the end with a nice bank account and nice house but no one in your life.
Posted on 9/19/22 at 9:12 am to TigerGrad2011
quote:
You’re looking at a whole lot of life to live without a purpose if you stop everything that young.
Making money isnt the purpose of life.
Posted on 9/19/22 at 9:14 am to terriblegreen
I had my four kids by the time I was 29. When I was 52 all of my kids were gone. I could have easily retired then, but I thought that would be boring as hell. I'm 60 now, and I have no reason to quit. I like my work, and I'm making a lot of money, so I'll keep rolling.
Posted on 9/19/22 at 9:14 am to Rex Feral
I would be bored shitless, I fish, hunt and play golf but who you going to get to go with you in the middle of the week.
Plus I have to have something to do every day or I get in trouble
Plus I have to have something to do every day or I get in trouble
Posted on 9/19/22 at 9:17 am to GRTiger
quote:
Free advice for our young OT baws:
1. Have as many kids as you want as fast as you can.
Posted on 9/19/22 at 9:17 am to The Torch
I hope to retire at 62 if I can afford private health insurance for 3 years. My wife is a couple years older than me so we are shooting for 62 & 65.
That's rather depressing to think I have 17 years left to work
That's rather depressing to think I have 17 years left to work
Page 1 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News