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AMA

I retired at 57, AMA

179 replies

PuzzledObserver · 29/01/2022 19:13

Six months in, no regrets.

OP posts:
nannynick · 30/01/2022 08:17

I'm 47 and thinking of semi-retiring, as one of my jobs I can do remotely and at any time, very flexible.

Would you ever go back to work, such as if you found you really liked doing something as a volunteer and then they offered you a paid position? Until you draw from pensions you are not using Personal Tax Allowance as all your income is coming from ISA, so a little part time job would be Income Tax free (there may be some NI) at the moment.

PuzzledObserver · 30/01/2022 08:23

@AllGoodPoints

It has been interesting to see that some people want to know how you’ve done it, but others have asked questions about how you spend your time, how it feels to not work etc. May I ask if managing your ADHD is easier now you don’t have to fit within a rigid daily structure? I’m worried that without a routine I’ll be distracted and unfocused all the time.

It’s less than a year since my ADHD was formally diagnosed, although I had been suspecting it for a couple of years before that and trying to use strategies based on the assumption I had it. They helped somewhat…. when I could remember/be bothered to use them.

What didn’t help was that my work was the very opposite of rigid daily structure. I was wfh before it was a thing, but going out most days for meetings and events. I had to organise my own time and priorities and was basically perpetually on call. My desk was overflowing with papers, my email inbox was groaning and I was overwhelmed.

So retirement is much better for me, because although there are commitments, I can control to a large degree how many there are. I mean, I still have to make sure my tax return is in on time (it was!) and that the bills are paid, but everything else is optional. So I can make sure there is enough space for pottering, musing, fiddling about, going off on tangents…..and still come back and do the thing I first thought of.

One risk is that, because of my boundless enthusiasm, I will take on too many activities and have an overly full timetable. But that’s OK, because I can always give things up if I find it gets too much.

OP posts:
PuzzledObserver · 30/01/2022 08:32

@Shmithecat2

Not st all. I'm younger than you, haven't worked for 7 years, and probably won't return to work in any meaningful capacity. But I didn't post in AMA about it. You did. Because you have 2 incomes, no mortgage, no children and an inheritance. Not exactly a wonder, is it?

Well it sounds as though your life is tough, and I’m sorry for that. But I didn’t cause it.

I posted in AMA because I thought some people might be interested. I can’t control what questions people ask. It was inevitable there would be questions about money.

People can ask about other aspects of my decision and its consequences as well.

What prompted you to click on the thread? Why not ask a question?

OP posts:
CovoidOfAllHumanity · 30/01/2022 08:40

I can understand the desire to retire and potter.

Pre pandemic I never wanted to retire early. I was actually looking forward to the kids being older and more independent so I could concentrate on my career in my 50s

Post pandemic (health worker) I am completely burnt out and I fantasise about retiring on a daily basis. I have no enthusiasm for starting new projects because they all get scuppered by Covid anyway. The restrictions suck all the joy out of my job. A lot of the things I would have enjoyed spending the money on especially travel are harder/ impossible.
I spend a lot of time wondering what the point is.

If I could afford to retire I would do a lot of walking, get another dog, grow veg, cook from scratch, do yoga and go to the gym, read, volunteer, go visit places whilst it's cheap and quiet.

My mum and dad retired from teaching in their late 50s. Then my mum was diagnosed with breast cancer, had a number of years of ill health and died before getting to state pension age so that's on my mind too.

I've got kids to get through college and uni unfortunately so early retirement is just a pipe dream for me.

BookWorm45 · 30/01/2022 08:51

Sounds great PuzzledObserver and I would love to follow in your footsteps. A friend of mine has done similar.

Do you feel that you may wish to have a structure to your volunteering (e.g. you always volunteer on a Monday to drive people) or do you feel you want to keep it more loose ?

PupInAPram · 30/01/2022 08:53

I intend to take 'early' retirement at 65. I will then live off my private pension until my state pension kicks in just over a year and a half later. I shouldn't at this point see much difference between my income now and my retirement income. I have less than 4 years to go, which is helping me cope mentally with full time work. My question is, do you find your outgoings are reduced compared to when you were working? Have there been any unexpected savings or expenditure that you hadn't forseen?

CarlRogersCat · 30/01/2022 09:33

I’m glad you’re enjoying your retirement OP. It sounds like you did a socially useful job and more than deserve a cracking second half.
The saying “only boring people get bored” is so true😀
I find it funny that people come on this thread to say how they couldn’t retire because they love their job so much. It’s like they need validation in their choices. Back in the day when I was a sahm I used to get this a lot. “My brain couldn’t handle being at home with kids” .. I used to find it so rude. I would never be so rude to say that “I would find your job marketing toothpaste so boring”. But I suppose it made them feel better about themselves!

PuzzledObserver · 30/01/2022 09:36

@nannynick

Would you ever go back to work, such as if you found you really liked doing something as a volunteer and then they offered you a paid position?

Possibly, although I’d have to think long and hard about it.

What would employment give me that volunteering wouldn’t? Apart from money - and we’ve already established that’s not an issue.

OP posts:
ShanghaiDiva · 30/01/2022 09:39

[quote PuzzledObserver]**@Shmithecat2

Not st all. I'm younger than you, haven't worked for 7 years, and probably won't return to work in any meaningful capacity. But I didn't post in AMA about it. You did. Because you have 2 incomes, no mortgage, no children and an inheritance. Not exactly a wonder, is it?

Well it sounds as though your life is tough, and I’m sorry for that. But I didn’t cause it.

I posted in AMA because I thought some people might be interested. I can’t control what questions people ask. It was inevitable there would be questions about money.

People can ask about other aspects of my decision and its consequences as well.

What prompted you to click on the thread? Why not ask a question?[/quote]
I believe your sympathy may be misplaced.
@Shmithecat2 is an expat/was an expat living in Saudi so probably also able to retire early...
Ironically I recognise the username from her own AMA!

nannynick · 30/01/2022 09:51

@PuzzledObserver Good point. It's just money and you don't need that.

Justkeeppedaling · 30/01/2022 10:44

I wake up whenever (usually between 7.30-8.00), come down in my dressing gown and get my breakfast. Sit around doing internet stuff till about 9, then take DH a coffee (he likes to stay in bed), shower and dress.

Then…. we do whatever we want! We have a fair few days out - moved to a new area, so still exploring. We’ve joined a few groups with the U3A. We read a lot, I do jigsaws. And then we do the normal things everyone has to do, shopping, housework * etc.*

Two evenings a week we do a hobby together. Other evenings - we sometimes go to concerts, but otherwise stay in and watch telly/read.

I'm sorry OP, but that sounds really boring! What do you do for mental stimulation?

I'm 60. I haven't retired because I can't imagine what I could do to fill my time and stop my brain from atrophying! I know there are lots of things - do a degree, learn a language, learn to play piano etc, but work is currently filling that role for me, and I enjoy it, and they pay me, so I'll be working for a few years yet.

Mindymomo · 30/01/2022 10:54

I retired at 56. Had hoped to work till I was 60, but company got sold and didn’t want to take me on. As soon as I told my family, they all said good, we can now get a dog, as I always said we would when I had the time. I’ve always been a saver and DH leaves money matters to me, so any spare money went into ISA’s and savings accounts. My DH thought he would always work, but had a heart attack aged 62 and needed a triple heart bypass in May 2020, so decided after that that he would also retire. We still have 2 adult sons at home, so our days are spent dog walking, at least 3 hours every day, shopping, cleaning and cooking. We’re both happy, but these things happen. We don’t spend a lot, but go on a couple of UK holidays each year, buy what we want, which isn’t a lot. I did think my DH would be bored at home, but he loves it and we do get on and make each other laugh. I have a few friends who have resented their husbands retiring early. We are very fortunate that DH was an only child, so parents home was left solely to him, which has been sold and is obviously helping us to retire early.

BIWI · 30/01/2022 10:57

@Justkeeppedaling

You asked the OP What do you do for mental stimulation?

But she's already said!

  • a fair few days out
  • moved to a new area, so still exploring
  • joined a few groups with the U3A
  • read a lot
  • jigsaws
  • two evenings a week we do a hobby together
  • Other evenings - we sometimes go to concerts, but otherwise stay in and watch telly/read

What other mental stimulation would you suggest?!

CrimbleCrumble1 · 30/01/2022 11:03

This reply has been deleted

Message withdrawn at poster's request.

Waferbiscuit · 30/01/2022 11:13

How much did u contribute to savings and how much did your DH?

Let's be honest most women retiring at 57 couldn't do it (a) if single and (b) if their dh wasn't on a good income.

Is this not just a stealth boast about being a smug married and having a successful husband?

Bitezbabe · 30/01/2022 11:23

Retired at 60 after 38 years in teaching. Loved my job but am loving retirement more. My husband still working but we manage to travel 3 or 4 times a year ( before covid). Never bored. Happy days. Smile

ShebaQueen · 30/01/2022 11:24

Can I ask about your relationship with your husband and if the dynamic has shifted since you both retired?

It's something that worries me, I remember my Dad struggling with retirement and my Mum finding it difficult having him around so much - it's not that they didn't love each other and they're fine now, but it took some getting used to and give and take on both sides. My partner and I are both very busy in our jobs and we're not used to spending all day every day together.

MapleMay11 · 30/01/2022 11:36

@Justkeeppedaling

I wake up whenever (usually between 7.30-8.00), come down in my dressing gown and get my breakfast. Sit around doing internet stuff till about 9, then take DH a coffee (he likes to stay in bed), shower and dress.

Then…. we do whatever we want! We have a fair few days out - moved to a new area, so still exploring. We’ve joined a few groups with the U3A. We read a lot, I do jigsaws. And then we do the normal things everyone has to do, shopping, housework * etc.*

Two evenings a week we do a hobby together. Other evenings - we sometimes go to concerts, but otherwise stay in and watch telly/read.

I'm sorry OP, but that sounds really boring! What do you do for mental stimulation?

I'm 60. I haven't retired because I can't imagine what I could do to fill my time and stop my brain from atrophying! I know there are lots of things - do a degree, learn a language, learn to play piano etc, but work is currently filling that role for me, and I enjoy it, and they pay me, so I'll be working for a few years yet.

This kind of retirement is what I dread to be honest. I've only worked 3 days/week for the last 10 years and my (self-employed) working days are very flexible to fit around my horses, dogs etc but I wouldn't find that fulfilling at all. I appreciate that we're all different though and that after giving up a very physically demanding job, this might be jut what you need.
TheresSomebodyAtTheDoorNeil · 30/01/2022 11:39

The bitterness on this thread is hilarious 😂
Enjoy your retirement op. And I for one love a good jigsaw.

FredBair · 30/01/2022 11:58

So the key to retiring early is no kids and no mortgage. Right

No. I have two DC which we had later in life than most and a mortgage which we paid off when DC were small. I retired at 57 and DH retired at 56. He is 10 years older than me so retired before I did. In fact he retired when DC were still in primary school and so he did all the childcare and running around while I continued to work for a few years.

I did a fair bit of voluntary work when I first retired but not any more.

My mum and dad retired from teaching in their late 50s. Then my mum was diagnosed with breast cancer, had a number of years of ill health Yes I also had breast cancer and have other health problems which have curtailed what I might have done.

Hyenaormeercat · 30/01/2022 12:04

I'm really glad for you OP...make the most of it!!

I'm 55, poor decisions when I was younger mean I only have a 13k pot plus 20k in savings. I have no financial savvy at all.

I will only have state pension..I would love to retire, it feels like my life is rolling away..such a waste ..

Ted27 · 30/01/2022 12:13

@Waferbiscuit

I will be 57 in June, I plan to leave my civil service job before I'm 58 in 2023.
My mortgage will be paid off in May. I cashed in a very small pension last year and did some house maintenance and bought some decent furniture which will last.
I'm very single, will have an 18 year old at home. I'm far from being a high earner but have a small pension due at 60. I may take it earlier. I will have another pension I can take at 67. The two together will give me a reasonable income - I have a modest lifestyle, I don't have dreams of extravagant holidays so it will be enough.
I will be starting my fostering assessment in the summer and will foster until the second pension kicks in. I will be able to foster as little or as much as I want.
So it's not just about having investments, being a high earner or having a partner who earns more than you. Quite capable of doing it on my own

JesusInTheCabbageVan · 30/01/2022 13:36

This kind of retirement is what I dread to be honest. I've only worked 3 days/week for the last 10 years and my (self-employed) working days are very flexible to fit around my horses, dogs etc but I wouldn't find that fulfilling at all.

I'd dread it too, but only because it sounds too hectic Grin joining groups and a hobby two nights a week, fuck that.

EllaMinnowPee · 30/01/2022 13:53

I retired at 45! I have kids though - one still at home and young at 15 - one an adult and down the road. I'm 5 years in.

I do as little as possible Grin

No, I do actually still freelance when I want to

baggies · 30/01/2022 14:13

I retired at 58 and my husband later that year. We had a lovely couple of years just 'pottering'. After being a slave to the alarm clock since I was 16 I never tire of not setting it! We have 2 grown up children and a 16 month old granddaughter that we look after 2 days a week. Because we are retired we have been able to do this and she is such a joy.
Not everyone wants this as their retired life but it suits us just as the op's life suits her.
I absolutely love jigsaws too!

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