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I work overnights, Monday through Friday. The time that isn't filled with work, is wasted on the computer. Work gives a purpose, gives me "something to do", keeps the boredom away. And yes, if you're done working, you're done living, I don't care what you've done.
Actually I think (or at least I hope) that there is a fundamental misconception between "retirement" and "working" being used here.
I popped into this thread because I "retired" at 41. I made some good investments, earned some income, planned to retire at 35 but made it six years later.
I didn't stop working though, I just work on projects that I prefer to, than whatever is expected by others. Indeed I'd honestly state that I work longer and harder now than I did in the previous 20 years, certainly without any doubt harder than the last 10.
"Working" is something you'll do whether you're "retired", or not. The truck needs an oil change, you'll drive it to a service center, or do it yourself, it's work. You write the next great American novel, it's work. You work as an office drone from 9 to 5, it's work. You harvest an acre of wheat, it's work. Even you make dinner for the family, it's work. In summation work is not tied to earnings, and retirement is not tied to a lack of work, they're orthogonal.
So in essence, depending on your perception of retirement and work, you're both correct.
If this analysis is incorrect then either one of you in my opinion has the mentality of an ant, or the other is lazy.
Engagement outside work is vital. I know many people in their late 50's who are too scared to leave the corporate life. But their pension would exceed most people's average wages.
I will retire at 50. Property and saving were key for me - and property will be my hobby at 50+ and will include a network of friends/associates and like minded people.
Hello,
i'm 30, been working for 7 years as an engineer and i can't wait until i retire. That's not because i hate what i do;
My goal is to retire by 50, and i'm saving accordingly.
A friend brought up the idea of moving to Thailand or some other remote place....he was saying how you could buy a nice place on the beach for 200k!
What if.....by 50, i could save about 1.5 Mil. and move somewhere like that, buy a place outright, and just live for the remainder of my days care free!
reality is that you don't know how long you'll live....what's the point of working/saving until you're 65, then have all this money and boom, die at 75 or 80?
why not retire with less at a younger age (ie. 50), and live a simpler life with less money, but have longer to enjoy it. (ie. 30 years, versus 15)
I think about stuff like this DAILY! literally! Am i alone?
I spent 4 years in the USAF and then 21 years with a public agency and retired at 51. My husband had a similar career and he was 55 when he retired. It can be done. The more you save and invest and if you can locate a stable job that has either a pension or a 401K match, you can do well. We lived in CA, a high cost state, so we moved to TN, a lower cost state one year ago, downsized and simplified.
I haven't read the rest of the thread yet, but you are good to start thinking about this so early. No need to be obsessed, just conscious of what you are doing. Don't spend all your dough and go into debt for "stuff" that you will just become a slave to. Save your money, pay cash, don't job-hop. Your idea is definitely doable. I personally would not retire to a foreign country unless it was Canada or the UK, but that's just me.
Hello,
i'm 30, been working for 7 years as an engineer and i can't wait until i retire. That's not because i hate what i do;
My goal is to retire by 50, and i'm saving accordingly.
A friend brought up the idea of moving to Thailand or some other remote place....he was saying how you could buy a nice place on the beach for 200k!
What if.....by 50, i could save about 1.5 Mil. and move somewhere like that, buy a place outright, and just live for the remainder of my days care free!
reality is that you don't know how long you'll live....what's the point of working/saving until you're 65, then have all this money and boom, die at 75 or 80?
why not retire with less at a younger age (ie. 50), and live a simpler life with less money, but have longer to enjoy it. (ie. 30 years, versus 15)
I think about stuff like this DAILY! literally! Am i alone?
I set a goal of 55 but I was able to at 52 so retired. Better do the home work tho but mine was very successful as was wifes who retired same age five years later. 67 now. The main thing besides general funds is to assure heath insurance covered. Your way to early to decide retiring anywhere else or even if it will be as cheap then. Plan and then see ;things can change a lot.
whole lot of people that put off work til past 30 and want to retire before they are 50.
i cant imagine why employers are not hiring can you?
By the time I was 30, I had already been working for 19 years. I started at my company at age 17 and retired at 47 with 30 years service and a pension.
Do we all realize that this three and half year old thread was revived today by poster Phil Landlord five or six posts above? Nothing wrong with that, but we shouldn't expect all the players to still be around. For example poster TKramar hasn't posted at all on City-Data for years.
I bring up that name because of his memorable quote, "If you're done working, you're done living", which is the extreme end of the spectrum as to what we want out of life.
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