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Old 09-29-2016, 08:00 PM   #1
Wraisil
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At what age will you retire?

So, I've been getting more and more sick of "the rat race" lately and have decided I don't want or need to work until "full retirement age". As such, I've established a plan that "should" get me into at least "semi-retirement" (work contract work for ~3 months/year and enjoy the rest of the year for myself) by the time I am 49 (at the latest). It won't likely be a "travel around the world 365 days/year" retirement but it should allow me to play a couple rounds of golf/week when it's nice out, take 2 or 3 vacations (2 week) each year, and have enough money to generally enjoy life with only working a few months each year until I get to my late 50's when I'll stop working completely.

So, when do you plan to retire (completely or just partially)?
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Old 09-29-2016, 08:06 PM   #2
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I plan on working 4-6 days per week till about 55 or 60.

If biz is good (small biz owner), I will continue maybe 4 hours a day 3-4 days a week to make sure my manager is doing his job.

I dont need to be rich. Just want to be able to do what I want when I want.

Freedom is more important to me than money.
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Old 09-29-2016, 08:29 PM   #3
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Im in the same boat as you...would like to be REAL comfortable by late 40s, to have more freedom. Currently trying to pay everything off as fast as I can (house, etc) then I'm probably going to open my own place...run it for a while, hire management, run it with them, once I build trust, I can begin to back off...eventually just get mailbox money and keep investing into money generating ventures if possible. Ideally by 55 I'd like to not have to do anything that REQUIRES me to work, although I do enjoy SOME work. Will probably want to travel for a few years though...Jeep around the world, etc.
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Old 09-30-2016, 05:51 AM   #4
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If I had to take a guess I'd want to be there at 50-55 tops. Partial retirement would be ideal where I could have someone running my business for a percentage per year and I keep the other part. I'd also like to diversify my cashflow into various other businesses within the next 20-25 years (maybe starting a property casualty business, rental units, accounting practice with enrolled agents).

So I guess never retire fully, but have enough cashflow and assets to justify working less if that makes sense.
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Old 09-30-2016, 04:22 PM   #5
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I've been retired over 10 yrs now, retired at 40. Don't make much (private jet kind), but enough to live comfortable and spending lots of time with the grandkids.
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Old 10-01-2016, 12:28 PM   #6
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I've been retired over 10 yrs now, retired at 40. Don't make much (private jet kind), but enough to live comfortable and spending lots of time with the grandkids.
Prior military?
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Old 10-03-2016, 08:11 PM   #7
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Prior military?
Oceanographer, no sh1t.
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Old 10-04-2016, 09:19 AM   #8
Wraisil
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I've been retired over 10 yrs now, retired at 40. Don't make much (private jet kind), but enough to live comfortable and spending lots of time with the grandkids.


I'd love to be retiring next year, but I'd need the VA disability ratings to go in my favor for that to be even remotely possible, but I still don't think I'd be comfortable without working for a few more years to build a bigger financial cushion.
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Old 10-08-2016, 12:05 PM   #9
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41 21 yrs military and all "Needs" addressed with full IRA contributions as well. Worked part time at a college and just got a full time GS job. What really helped me out was balancing needs versus wants. Manage debt, use cash and most importantly enjoy life.
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