At what point do you seriously consider retiring from your career?

I don't mean planning for it.

I mean actual plans to stop working....forever. I can't picture it.

Even if you have set aside the funds to do it, I can't imagine not working anymore. What are the criteria where you just say, "I'm done. Peace out."?

It's a serious question, not serious, but real question. How do you know when you are done? I mean you can always make more money to give to your children when you are gone. How do you make that decision?

I guess I just always assumed I'd work until I die. But, I don't think I would have to. Seems selfish not to, though.

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You know me like that.

i probably never will. like i mean probably die in my 60s and whatever

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the world will always the world. your entire existence is defined by your response.

My United Airlines stock is making the decision easier today.

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You know me like that.

At one point I figured I had enough put away to retire on interest alone...with today's rates, I'm not even making five figures.

Even when you think you have enough principle to retire, I think it's tough mentally to go from building the nest egg to withdrawing from it. If I had a pension to look forward to, it would be much easier.

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Every day.

I didn't work overtime for the last 16 years. Now that the kids are older and the daughter is driving, I'm not really needed at home to pick up from school, etc. So I've been working 6 days a week for over a year. It's really sped up the " I want to retire " mindset but I've got at least 3-5 years left. I'll have zero problems not working.

This x1000. Not waking up at zero dark 30 every morning is something I cant wait to not do.

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Proud member of the white guy grievance committee

It aint the six minutes. Its what happens in those six minutes.

I'll probably always be involved in the company to some extent, but the hours will gradually reduce once I hit retirement age.

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@audioidkid

If you don't have a plan to build up money in the accumulation phase of work than you will never have a plan to retire and plan to draw down that accumulated wealth. People who say they will work till the day they die I don't think have a realistic view on life and freedom retirement offers. I am hoping to retire between 46-50 which is young but I spent years building up passive income. Going overseas to some western living standard countries as an expatriate and you will live like a king for with what considered middle class income here.

The reason why I realized I want to retire early is when you work for someone or company your actually a cog in the wheel to make someone else's dreams come true. Whether its a small business where the owner is using your labor and working years to achieve financial success for themselves and his/her business. Or Corporate America where your a cog in the wheel to make sure C-suite folks get huge bonuses and a companies stock prices appreciate (both are not your dream). Retiring at younger age allows one to enjoy the healthy years to travel and do activities that would not be allotted in limited time frame of vacation in working years. Also, we all see where people work there whole life in the prime of their lives accumulating millions of dollars just to become old and frail where you cant enjoy fruits of your labor.

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"You know 'that look' women get when they want sex? Me neither" ~Steve Martin

I'm in pretty good shape so I'll work until my body turns to goo. I would be miserable without a job and I think you need a million in the bank to retire anyways. That's not happening.

Million is a made up number.. what more important is how you can replace your working income with investment income whether its from the 401k, IRAS, Rents, Social Security, etc.. Because having a million dollars in savings account doesn't explain how you will draw down that money to make it last the rest of your life. Once could have $500k and generate a growing $30-$40k / yr income passively which will allow them to never work for someone ever again.

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"You know 'that look' women get when they want sex? Me neither" ~Steve Martin

I suppose the mindset for me will be when I start to do what I want to do rather than have to do.

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Elections have consequences.

You know who will never retire? LES! He will pass away on the air debating sports trivia and he will die a happy man.

Just dont sit around relaxing. Those are the guys who usually get sick and die in 3-5 years.
Stay active. Golf,walking,bike riding do something

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When I am stuck and need to figure something out I always remember the Immortal words of Socrates when he said:"I just drank what?"

My original plan was to retire at 50. But when I took the new job at the beginning of 2019, I committed to working a few extra years but not past 55. My retirement plan is well, to do something else work wise, namely teaching accounting at a community college.

Other than a second career, you need a lot of serious hobbies to sane in retirement.

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Hawaii (fuck) You

I plan to be working my ass off the next 8 years, then, that’s it. Maybe get something part time to supplement, and have a small bit of structure - but the rest of the time will be golf and laziness, and I will cherish it.

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Not a mult.

Everyone I know who retired didn't regret it no matter the age.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Joliet Junior College

If locally it would be a place like ECC. But I am retiring up north, so it will be some place no around here has heard about or an online venue.

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Hawaii (fuck) You

My dad retired about 8 years ago. In some ways he is busier than ever but he is busier doing what he wants to do instead of work stuff. It’s a discussion to have and one my wife and I have from time to time. It’s not going to happen in the next 5 years but I’m not waiting till I’m 72 to hang it up like my dad did. For one, my body won’t be able to handle the abuse.

That’s the thing though.

I would never be physically or mentally forced to retire unless I was dying at which time, what’s the point then?

I’m a hell of a guy to be around so no one would ever force me out.

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You know me like that.

I have 10 years to go. Will be retiring on my birthday, which happens to be the first pay period of the month (we get paid twice per month). That will give me 30 years with the company and I'll be 65 years old. Of course, that could change if the company cans me or forces me to retire or my health takes a turn for the worse OR my wife gets a windfall (she's currently the COO for a small company owned by PE but they are looking to sell them in the not too distant future. As COO, she has equity in the company) or gets a COO job at a larger company. Either way, that could be the end of my career.

Let the record show that I truly like what I do so I'll keep on doing what I do...

My dad sold off his old business and went into his current business 15 years ago on the side. I joined him shortly thereafter on a part time basis. I doubt that either of us work more than six hours a day, with him on the high end because I'm more adaptive to working online. He generally doesn't work before 1pm and has turned into a night owl whereas I'm dealing with clients starting at 8am and often into the night, if I'm awake.

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

The only thing holding me back is insurance. Otherwise I’d be out as soon as my daughter leaves for college in 2022. I was really hoping they would lower the age for Medicare (even though it was clearly a long shot).

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“Mr. Trump is unfit for our nation’s highest office.”- JD Vance
“My god, what an !diot.”- JD Vance tweet on Trump
“I’m a ‘Never Trump’ guy”- JD Vance

i believe most under the age of 45 have no idea what awaits them...insurance-wise. many believe once you hit 65, you never have to worry about paying anything medical related again.

i read that the average american male will spend $135k out of pocket on all medical care/supplemental & prescriptions AFTER the age of 65. for women, it's higher, because on average, they live longer.

in the past year - my company offered us a buy-out which included an insurance 'fund'. $150k for age 60 and under/$10k less for every year over the age of 60/$100k age 65 and older. i'm 54, if i was 60 or over, i'm gone. that money is gold.

yes. co-workers who will traumatize fellow co-workers in the future when you find them dead at work.

these people are nuts. either they are afraid to retire because they believe it's one step closer to death or they will never feel they have enough money/assets to retire. they were raised by parents who grew up during the world-wide depression.

somebody onece told me if u dont make it by 40, u never will.

He was right.

I will never retire comfortably.

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To you and Zippy that’s one reason I am going nowhere until 62. I can retire with my present healthcare until Medicare kicks in. Then they will pay the supplemental.

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Elections have consequences.

Wow, this is really cool.

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I just turned 45 and would like to be able to seriously consider retirement around 55. I would likely still work in some capacity but it would be doing something that I actually enjoy and it
wouldn't be full time. My wife and I will officially be empty nesters here in 6 weeks so I really don't know what things will look like in 10 years and I would suspect we would be looking to
move away from Wisconsin to somewhere warmer. I like what I do but I have also seen how a big corporation deals with their employees and if something would happen to me tomorrow,
they would have someone in my chair before it even got cold.

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Flew too close to the sun on wings of pastrami

My dad’s was pretty natural. The business he was in had finished a stage and was moving onto the next thing. He stepped down from his main position and then resigned completely as it wouldn’t be fair to the new boss to have the old boss sticking around and my dad was not going to stick around long enough to complete the next phase.