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Old 09-05-2017, 05:16 PM
 
289 posts, read 149,106 times
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I'm really hoping to call it a career at age 60. Although I have almost 30 years until this milestone, I hope to leave the grind behind me and still be physically fit to do everything I can with the time I'll have available. Like most things, it comes down to money, and I think I can make sure through proper planning to put myself in a great situation.


What is, or was, your planned retirement age and what happened to make it happen, or not happen?
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Old 09-05-2017, 05:18 PM
 
Location: NNV
1,518 posts, read 973,570 times
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60.5 - 61
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Old 09-05-2017, 05:26 PM
 
Location: New Oxford, PA
120 posts, read 59,132 times
Reputation: 464
46

I made it happen.
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Old 09-05-2017, 05:29 PM
 
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55. I could probably semi-retire now if I moved to a cheaper area. Not sure I'm ready to do that yet.
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Old 09-05-2017, 05:40 PM
 
Location: VT; previously MD & NJ
2,202 posts, read 1,345,129 times
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Quote:
Originally Posted by jayguy01 View Post
I'm really hoping to call it a career at age 60. Although I have almost 30 years until this milestone, I hope to leave the grind behind me and still be physically fit to do everything I can with the time I'll have available. Like most things, it comes down to money, and I think I can make sure through proper planning to put myself in a great situation.


What is, or was, your planned retirement age and what happened to make it happen, or not happen?
62 and 62. That is when the amount of social security plus my savings/investments were enough to live on comfortably.

I am single, was a single mother from the time my son was a baby, so I was able to save enough on my own to do it.

But you are young. If you currently consider working to be a daily grind, you might want to think about a different career. Make your working life enjoyable if you can. And of course, start saving and investing now so your money can grow.
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Old 09-05-2017, 05:48 PM
 
Location: Los Angeles area
14,018 posts, read 17,735,102 times
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61.5 That's when my pension was enough to live on in reasonable (if frugal) comfort. That moment was after 34 years working for the same employer. I don't see how so many people retire after just 25 or 30 years employment. They must have a pension system which is a lot more generous than mine, or they must have earned mega-bucks in order to have socked enough away for such early retirement.
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Old 09-05-2017, 06:00 PM
 
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61 and 12 days was mine. Don't regret it. I'll be 63 in two weeks.
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Old 09-05-2017, 06:10 PM
 
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I'll likely go to 65.....to get Medicare.
That's the only reason. Other than the costs of healthcare, I could likely retire at 62.
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Old 09-05-2017, 06:41 PM
 
Location: Idaho
4,625 posts, read 4,464,781 times
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Quote:
Originally Posted by selhars View Post
I'll likely go to 65.....to get Medicare.
That's the only reason. Other than the costs of healthcare, I could likely retire at 62.
I too wanted to wait until I was Medicare eligible. For various reasons, ended up working until I was 65 and a half. Would have continued working if the commute was more reasonable. Thirty-four years with the firm; it was a 'second career'. Finances are fine. A 'comfortable', but not lavish retirement. No regrets.
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Old 09-05-2017, 06:56 PM
 
Location: Albuquerque NM
1,659 posts, read 1,523,899 times
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Originally I planned to retire at age 60 when I became eligible for a pension and employer health insurance with 30 years of service. Based on tracking my expenses for a couple of years, I thought I had enough retirement income but then at age 59 there were some unexpected home repairs that caused me to rethink my budget. And it concerned me that we were/are due for a stock market correction. I would be okay retiring at 60 but any large unexpected expenses or significant market correction would have impacted my travel/fun money. I decided I would rather go to the office for two more years than risk being stuck at home and not being able to travel. Waiting to age 62 to retire increased my potential retirement income, not even considering Social Security which I am delaying, almost 20% and gives me peace of mind.
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