re: Retiring at 50

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I didn't start this thread, just making a few comments

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The same comments you make in every thread you post in

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How are you taking care of the condo that your daddy's paying for?

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He pays for the cleaning lady too so no issues

Only way ill be able to retire at 50 is if I lay off 2 of my service butlers. And can you even call that living? No way

My dad retired at 58.

He regretted it after a few years.

Now he works near full time for our church parish for free. And he does the meals on wheels thing too.

He’s much happier now

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My wife is a nurse and we have talked about her doing the travel nurse thing after our youngest graduates HS in a few years. I'd be 53 and it is very tempting to think about just selling the house and going from place to place (we'd only choose jobs where lodging is provided or paid for) until she gets tired of it.

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This is my plan. I/we started late as I'm already 60 but my wife the nurse is only 53. I could retire now as our renthouse pays for our current one, but I make too much to give it up. Only another 2 years.

However, we aren't selling our house as we want to Air B&B it as we are 4 miles from 95 and a major East Coast theme park. It has a hot tub and a pool so we should do well when we are on the road.

See you in Austin or Nashville or San Diego...

I'm on the same path. I have been planning on retiring at 50 for about 2+ years now and I have less than 3 to go. This last year has sucked as and definitely scared me a bit as pretty much everything I've invested in has been bad or stolen (crypto)

We have no kids and are planning to go to Europe for a few years and traveling every country there. We may stay long term, but will keep our place in the USA as it has rentals attached. As you, I don't live to work. I will not find myself "bored" at all as there's nearly 200 countries around the world to explore.

I’m 55 and wake up to no plan every day. It’s glorious. I’m like a kid again.

Save for retirement as soon as you start working.

Yeah, I'd be fine retiring early as long as I had enough money to enjoy myself to a degree.

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Yeah, I'd be fine retiring early as long as I had enough money to enjoy myself to a degree.

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Last year, I'd be doing an Irish jig if you asked me how my plan was going. Today, I'm a little more shaky but still feel it's somewhat on track. I have to have hope my 401k doesn't stay down 40% like most other stocks I bought. I'm buying ibonds as well and have a couple properties, so I am diversified, including a moon shot prayer with HEX.

I’m in a similar spot as far as thinking of retiring at 50. 42 now and will have my 25 years in with the state at 50. At that point will have a 50% pension on a 4 year average of about 82k so will get roughly 41k a year in pension a year plus the COLA check which starts at 3% and compounds 3% per year so will start at about 1200 and grows from there. Have a small 403b that I throw 100 bucks in a month but cannot access without penalty until 55.

Wife will have her 25 in same system same year but she wants to go 28 which will put her at 50 years old with 28 years. Get an extra 2.5% for each year past 25 so her high 4 average will be around 67k so she will have around 37k yearly plus a similar COLA check and a 403b which again can’t be accessed until 55.

Should have about 78k coming in between us just in the pension before COLA, 403b and eventually SS. Maybe a little less as we are both going to take the 50% beneficiary lifetime option for each other which reduces the monthly payments by a little.

Kids will be grown and gone or at least close with the youngest graduated from high school that year and he is not college bound. He will be going into a trade as he HATES school and just want to be outside all the time.

House will be paid off in 3 years so won’t be a mortgage to worry about. Gotta think me and the wife can make it just fine on 70k+ and worst case pick up some kinda BS part time gig to bridge any gap between 50 with pension only, 55 taking the lump sum from the 403b, and taking the early SS draw at 62(assuming that’s still there by then ha.) Some savings too but nothing crazy should be maybe 100k in just cash at that point if all goes as planned.

It’s def all overwhelming to think about and wonder if it’s all enough. Far as the losing identity and all that I’ll never understand that. I have always worked to live not lived to work. I hunt, fish, live on a 100 acre farm close to the coast, have a camp on the best crappie lake in the country that also has great hunting, another camp closer to home on the river. All paid for only notes I have left is the house itself which like I said is done in 3 years. Any future notes will be stuff I just decide to do like car boat motor buying more land etc. Hell I can just work on the farm every day from daylight to dark and I’d still never finish everything that needs doing or comes up before I die. Throw in some travel, eventually grandkids etc I don’t see how anyone can get bored. I know not everyone lives on 100 acres and all but still there is so much out there to do i cannot see losing purpose bc I’m not going to work every day.

Just gotta get myself fully convinced that the pension with maybe a part time gig is enough income a few years until the rest kicks in.

All that said I could also see myself changing my mind ha. Don’t exactly work that hard….teacher/bus driver…..so only work 180 days a year anyways. Never miss anything with the kids. Vacation often. Hunt/fish near 100 days a year on average. I think I’m gonna walk out at 25 but could see myself going a few more just to up the percentage and retire same year as the wife.