What age do you think you’ll be when you retire ?

[Lardlizard]

What even is state pension age ?wonde did there wil even be a state pension when we are oap

Possibly any time between 63 - 64, as work can be v demanding and not sure whether I want to or can carry on until 66 which is state pension age for me. Am saving up for the period between retirement SPA. Also I have a lodger.

The plan for us is early 50s (now 42) hoping to sell our business.

I have a teachers pension but been part time for a long time and now Left so not worth a great deal.

Actually my husband has plans beyond that along the lines of angel investing so would really be semi retirement for him.

It all depends on the business plan going well otherwise it will be early 60s hopefully!

ElefanteIntheroom Wouldn't people still have to look for jobs, then? JSA? I don't know.

Hoping to retire at 60. Luckily have a good final salary pension. Can’t bloody wait. Worked full time since I was 18.

60-65yrs. Mortgage free at 35 due to inheritance so no worries on that front. Just about embark on new carrer so want to see where it takes me

60 before we have the luxury to work less or not at all. That's another 10/12 yrs for DH & I if all goes to plan - maintaining income/investments at current level. Life is unpredictable so good health and maintaining employment would help enormously - not a guarantee when you hit your 50's!

Barring disabling accident or illness, 57

Dh retired last month (for the second time) at 58. He was in HM Forces and had to retire at 53, and got his MOD pension from then. He then had another job in a related field, that was 2 x 3 years contracts. Mortgage is paid, his pension is more than I would ever earn full time teaching, so he has retired, we are back in UK, and I will be job hunting as I have another 6 years NICs to pay for my maximum state pension.

My two work pensions kick in at 60, so I'll either work til 60, or until my state pension kicks in at 67.

173 by the looks of things

55 if the 80 hour per week job hasn’t killed me by then.
Then I hope to do something a bit more fun like restoring cheaper classic cars or furniture and sell on. Mainly to keep my mind and body working and to fund my animal feed for the 1 million pets i shall be getting.....

I'm not sure - my parents are 64 and both working, so 60s seems quite young to retire to me.

I'll probably retrain at some point and continue working in some capacity until 70s

I can afford to retire but I don't want to. As long as I can physically do my work I'll carry on. I love what I do, get a lot of satisfaction from it and enjoy the challenge. I run my own business so can choose how much I do and can give myself a lot of free tims if I want it. It would be different if I was employed in a job I didn't enjoy.

I accepted a long time ago that I won't be able to retire. I'm 46.

The plan was 50 if I didn't have kids, had two in my late 30s so revising that to when youngest leaves university (if they go) so prob nearer 60. I've got nine years in an old final salary scheme from my 20s and then been overpaying massively into my current work scheme to take advantage of 40% tax relief (which they kept saying might be abolished but still hasn't ) so on course for our target.

I took early retirement at 58 due to caring responsibilities and took a reduced occupational pension as I was having it two years early. I am one of those women caught by the pension change so I won't get my state pension till I'm 66.

Working longer is a fine idea in practice but I had no idea at 40 how tired I would feel at 55. I really feel for my DD who will be working far longer than I had to.

I’m retiring when I’m 50

Hopefully at 67, but you can never tell. At this rate, I suspect I will be able to retire about a year after my funeral. I'm not sure quite how I'll manage to go on another 12 years, as I am exhausted already and work part time (I have a health condition). My body is starting to fall apart.

@Icanflyhigh me too! They won't be able to start the funeral till I've written up my notes from the final shift

I must be the only person I know desperately hoping to be made redundant.

Hello! It would suit me too. It's unlikely, as we are expanding. I'd happily go part-time IF things were stable at work. However, there are lots of rapid changes ahead, and I just don't have the energy to be responsible for implementing massive changes - repeatedly - any more.

I don't think I will "retire" in the traditional sense of the word. Part of the reason is that the money for retirements is running out, which pisses me off.

However, anothe reason is that I don't think retirement is such a good concept. I have seen people who have just retired fall into an emotional hole, because for decades their lives have been about work and that routine (and part of their identity) suddenly drops away. It is supposedly a great reward for busting your ass all your life, but it is also a big part of your life and I can understand that losing it can bring about a sense of mourning.

What I hope to see is that I can gradually phase out working as part of my life. Towards the end of my career I want to reduce my hours along with what I can physically and mentally still do, without going into extremes. Ofcourse, in the end I expect to stop altogether.

The funny part is that many of my coworkers are already retired, but still work a day or two a week. I do like this system, since they are still in a position where they can pass on their knowledge and experience.

Mid 60s I am hoping. But would like to do it in a phased way so reducing my hours gradually from late 50s and possibly still doing a bit of work for as long as my brain will let me. I love my job though.

Apparently working longer helps you to live longer. If you like your work, why not continue? We have a friend who is 85, has an international reputation, and still takes on work. He really enjoys the work, and the continuing appreciation and money.

DH is planning on retiring at 60 (10 years), he’s already transitioned to an easier, less stressful position.
I’ll be 50 in 10 years, might keep working part time, might retire with him - not sure yet. I think I’ll feel the need to do something, I’m retraining at the moment so there will be scope to work part time. Youngest DC will be finishing school in 8 years too so might have uni costs for a few more years

If you like your work, why not continue?

I love my work but I can't see my enjoying it to the same extent when I'm in my t0s. I teach small children. It's very hands on and fairly physical at times. It's tiring. I already have arthritis and despite a whole load of medication on some days it's exhausting. I've had some other health concerns which are harder with my job. In a more sit down and less physically demanding role I'd be much better when I've had those issues. Despite that I really love my work. The other thing that will make me want to leave or at least reduce my hours is the holiday restrictions. Yes we get lots of holidays but at the dearest times and the chances of long weekends are limited, as I get older I want to use the money we are saving to travel more, especially to warm and dry places in the winter - better for my arthritis. So,despite enjoying my job there are reasons why I don't expect to be doing it in my 60s.

I’ve got a few private pensions that start at 60. I’ll probably go part time and not fully retire until state pension.