AMA - Retired at 40

[Amaretire40]

As the title says, I’ve decided to retire at 40, so AMA!

How!?

What did you do for work? What are you planning on doing with your retirement?

Have you actually retired? Or it’s scheduled? What do you do with the time?

I keep pondering this…..

Why?

“decided to”

So you haven’t yet?

Are you confident you will have enough funds to last until you are 90?

As in collecting your pension or are you just not working/unemployed? What's your income source?

I reckon the Op has had a shit day at work and just decided she was going to jack it in tomorrow and started this thread.

Then reality dawned… not a chance!

Were you a footballer? 😂

But what will you do for the next forty, fifty, sixty years? Do you have enough money to fund them?

There was a thread like this once before and it turned out the OP had only briefly worked in her 20s, then became a SAHM and considered herself retired mid 40s as the kids were at school and her DH earned enough so she didn't need to work.

In RL the only 40 year olds I know who properly retired did so because they were hardcore FIRE post uni and lived off their investments

I didn’t think @Amaretire40 would be back. Not even retired yet so will be heading back in to work tomorrow

I worked in the City after graduating in finance. I was sent on a number of international assignments.
I am still figuring it out as it’s quite tricky to switch off that part of the brain. I’d like to do more volunteering on some local community projects I’ve been involved with for some time.

Works like a treat!

You are still working if you have decided to

I handed in the notice so once my gardening leave is done in a couple of months, I will be unemployed and out of work. Gardening leave means I’ve logged out of all systems etc and won’t be back in the office. So far, I’ve had a few lazy days, taken a few trips to family and started planning house-related projects which I never had time for, but I do need a more robust plan.

I will be unemployed and out of work.

so you’re seeing it as being unemployed?

partner? Children?

To be honest it was always my goal. I really wanted to make sure that I didn’t have to work or be tied into a situation I didn’t want to be, so have had a very high savings and investment rate throughout my career.

Whats the difference between being retired and unemployed?

Do you have any financial dependents?

Yes. I own my property in London outright now, and will likely downsize at some future point, releasing that cash. I also have pretty significant investments and my pension is on track to be decent (per calculations it’s unlikely I’ll spend it all).

Investments in cash/stocks. I don’t believe in owning property other than the home I’m in.

I have de facto done FIRE as I’ve always saved significantly and spent modestly vs my income.

My shit day(weeks)at work period really kicked in last Xmas - since then I really spent a long time figuring out if it really was feasible practically (yes) and if id drive myself mad (will be seen, I guess, but I’ve got time to figure out what’s next).

Good for you, I’m jealous! I will only be able to do this at about 50. How much investments and savings do you have?