How old do you plan on retiring!?!?!?
I was wondering because I want to retire as early as possible having a decent amount of money left. ..
Public Comments
- Retiring is lousy. Do not look forward to it. It's not what you think.
- 65 years old if i still have the youngness in me =) well i dont have to worry im under 18 lol
- the way things are going i will have to work 'till i die, there will be no social security to fall back on, although i pay into it every two weeks.
- I retired at 55, I am now almost 60 I love being retired, But they no longer give me statutary holidays, and I never know what day of the week it is. But it is a great life, I do lots of stuff and If I don't want to, I don't have to
- I wanted to retire at 52, but had to settle for 53. Done Deal. I am now retired. I watch everyone running around and wanting things and getting all bunched up over stuff that doesn't matter. Life is different now. No clocks , no bosses, just each day as it comes. It takes a while to get use to but when it hits you, you'll smile.
- Okay, If you join the military for 20 you then retire with pension. The age to retire is 65. granted what ever you have worked in you life depends on the retirement funds you recieve. But one of the greatest plans I have heard of is through Wachovia, called the One million dollar retirement plan. Only paying one hundred a month till I think 50, then they pay you more, and once you retire, you recieve the money back. something like that, I think you should check it out for yourself. It is with Wachovia Banks.
- Short answer: People who do really well financially can probably do so in their 50s, but for most of us you're probably talking 60s. Long answer: Retirement age depends at least in part on two factors - your current age and the amount of money you're able to accumulate for retirement. The reason your current age matters is that as time goes on life expectancies are increasing - so while 63 was once a common target, as people live longer retirement expectancies stretch out and people need to plan to live longer on whatever funds they retire with (which means they may need to work longer to build up those funds). So if you're only in your 20s or 30s right now, by the time you get near 'retirement age' it could be up near 70. What is even more important though is understanding what living standard you will expect in retirement, how much that will cost annually, and your best guess on your life expectancy. These factors will help you determine what amount of money you will need to have at retirement to be able to have a comfortable and satisfying one. The more quickly you are able to accumulate retirement savings, the sooner you may be able to retire. Here are some helpful links to be able to calculate these numbers - so you can make an informed best estimate personally applicable to you when you can retire: http://www.bankrate.com/gookeyword/calculators/investing.asp http://www.lfg.com/LincolnPageServer?LFGPage=/lfg/ipc/tls/clc/cla/index.html http://membersfunds.cunamutual.com/calculators/SavingsLast.aspx http://www.retirementsavingsplan.com/ ....and many more: http://search.yahoo.com/search;_ylt=A0geu9UG1lNGjm8ADjJXNyoA?p=retirement+savings+calculator&ei=UTF-8&fr=yfp-t-501&x=wrt
- i also want to retire as early as possible or at least not have to work, but work b/c i want to. i'm 24 now and hope to accumulate enough to live off my savings/investments by 50. yeah, i know that's pretty crazy, but it's possible and i'm being optimistic. i'll stop working one day, but will never stop contributing or being productive in life
- 40 looks like a good number to me and with the absolute financial power the internet is offering these days, I think it is most possible. Keep a job you love but deal in multiple streams of income/investment opportunities and you will be well ahead.Travelling to exotic places and still seeing your money grow sounds like a great retirement to me.
