What age do you think you’ll retire ? And what do you plan to do then ?

[Lardlizard]

People seem to work to so much older these days
So do you have any ideas at all in your plans and how old are you now ?

Im early 40s but I’d like to do some real traveling
Actually go on a trio around the world

Maybe do some animal conservation work

Thjngs is still like to learn like scuba diving, skiing properly
Although maybe ought to learN these before retirement

When I am 55 dh will retire and we want to spend 3-12 months travelling, interrailing, living abroad. Then one or both of us will continue part time or self-employed work. We will get the house ready to sell. Then when I am 58 we want to buy in another part of the country, both stop working completely. Maybe stay there for up to ten years before deciding where to settle (would want to help DC's with childcare if they have families). DH has a good civil service pension having worked full time since 17 and I have about half or quarter of a good NHS pension having worked less years and part time. This will give us around £25k per annum with state pension to add once we are older. We have paid mortgage off and saved for uni costs for DC so can live ok I think if realistic and frugal. Lump sum will be used to fund travel. DC have child trust fund savings to put towards future costs.

Oh and hopefully we will be somewhere where we can do hiking, sailing, volunteering.

Planning to retire at 55 which isn't too far off now but that assumes I continue to invest and save e.g. covid could change all of that if I lose my job.

I plan to go walking more in the countryside around me and travel. Generally do all the things I can only do now in the few weeks off I have each year.

Around 60, I hope. I'm 34 now.
I have zero pension from almost a decade of self-employment but fortunately we have some decent shares and I now have a good pension plan from my employer. Self-employment wasn't for me. By 60 our kids will be 29 and 25, we will be mortgage-free and I hope we can go travelling guilt-free.

By the time I reach 60 (2046) I fully expect there will be zero state pension, so am not betting on getting anything from the state. We've invested well and will have some inheritance though, plus only two kids to potentially fund through uni etc so hopefully our living costs will be substantially lower come retirement.

I’m early 40’s now. Mortgage almost paid off & will be retiring at 57. Have lots of plans-spending a couple of months each winter in Spain or Portugal. Lots of holidays, including skiing. I also have a number of hobbies which will fill a lot of time. I can’t wait!

Sadly never. Fortunately there is a strong family tendancy to die in your 60's from a massive heart attack so I'm hoping for that to be the case for me.

I'm 48 and can get half my work pension at 55, plus bonus. Neither of my parents made it to 70 so I've invested my inheritance so I can retire at 55 and then afford to travel. God willing.

Guessing 68, unless I'm got rid of before that. Dh is a decade older, so I'll probably be alone. Will probably die of exhaustion not long after. Or get dementia like my mum. Can't wait.

I'm early 40s too. State pension age will be 68 for me, but I think I can take my teacher pension a couple of years earlier than that. I may well go part time for a few years before that as well, as I just can't imagine continuing with this pace of work at that age.

I would like to go traveling when I retire but I'm not sure I'll have the money to do that. Maybe I will, maybe I won't. It'll probably depend on other things, like dh's health, dds' financial status, etc. I might end up doing grandparent childcare duties, maybe I'll have dogs and spend my days pottering with them, maybe I'll need some sort of part time work. Who knows? It's 20+ years away. The world could be a very different place by then.

I'm 54, frontline nhs worker. I increased my hours 18 mths ago from 25 to 30 hrs a week so my final salary pension would be better. Theoretically I could retire completely year after next but I'll probably flexi retire to 2 long days if possible. Physically and mentally my job's quite full on (ICU). This year I've developed symptoms of a disc problem which is causing discomfort and I'm taking fairly heavy duty painkillers, I don't think I could realistically carry on past 60 without completely messing up my spine.
My youngest is only 13 at the moment. Once he hopefully goes to uni we are planning to move back over the pennines, possibly to york. We live in a quite a deprived area and it would be lovely to move somewhere less depressing, with opportunities to experience a bit of culture.

I can retire at 60, and will, but may get a part time job to keep me from getting bored! My husband can't retire til he's 67, but he's 7 years younger than me so I'll have 14 years of being retired on my own! Maybe/ hopefully I will have a grandchild or two by the time I retire, so I can spend time with them.

DH is due to retire next year when he’s 62. He’d like me to retire at the same time. I’d be 57. I’m in 2 minds. I enjoy my job (most of the time) and I do worry a bit that we might get bored of each other! Financially we’d be fine but not have as much coming in as we do now. I think I may just reduce my hours and see how that goes for a year. Both my parents died of cancer in their early 70s so I don’t want to leave it too late.

I’ve just been looking at this. I have a final salary pension from a previous job which I think will allow me to go part time from 60. Current workplace pension is too small so am upping my payments very slightly (can’t afford much) which will allow me to retire properly at 67, with state pension in addition. , which should take me close to current salary levels. I don’t understand why it’s considered life is cheaper in retirement- ok no kids or pension payments - but more travel!!

I am a bit worried that the coming recession will have a major impact on pension pots??

@Itwasaquarterpast11

I have no idea how I would spend my time. My work and life are well balanced at the moment. I will not have more money if I retire to do the 'big' things, so am fitting those in while I still work. I have sufficient time to do everything I want so retirement does not seem very appealing. Plus, I have no intention of being used for childcare, so that would not be on the cards at all.

That sounds like my life now. I work part time, love my job and love my work/life balance. I am 61 and have no intention of retiring any time soon.

Im only 28, but I know I'll never retire. Single mum in an expensive city and a shit payimg part time job. My pension is a pittance and will only just pay for essential dental care or a new washing machine.

That’s good that people find part time works well. I can see that might work for me as well, although I find it hard to imagine working in my company of 20 somethings at 70! I’m late 40s now and the same age as most of my clients which is good at least. Maybe if I could wfh permanently and part time I could do it for longer.

I wouldn’t be bored. Swimming, maybe running if still possible, walking, travel, garden. I’m a single parent so would have to join some groups , maybe volunteer , as it is I can go days without seeing anyone except for DD so would need to watch that a bit .

Ideally 60 at the latest. My pension will be significantly reduced by taking it early so building it up while I can. Plan to travel, garden, enjoy other hobbies and help my children with childcare if needed.

I’m 35, I could retire now but I’m addicted to making money! 😂

70 perhaps? I have a dodgy hip that will need replacing in my 40s/50s likely, so may depend on my physical state, but luckily my work is sedentary.

I've not worked out how much pension I'll have at this rate, probably not a lot. DH is self employed and I don't think has paid into pension for a while. We're a bit reliant on being able to downsize our house & live off difference, but I don't want to bet on that. Honestly, if we want our kids to be able to afford anywhere, prices need to fall. We could also split our house into flats and live off rental income from upstairs having converted downstairs when we retire.

I'd like to go to lots of opera,arts and concerts probably. Maybe it'll have started recovering from covid by then (30 years' time)

In the next 5-10 years from ft work. I'm 48 now. However after I retire I'd still like to do some occasional consultancy type work or similar.

Once I've stopped ft work I'd like to do some house renovations, get dogs, travel.

Don’t think I will ever retire.
I haven’t got a pension and having seen people who have retired and are nearish my age of 60 it puts me off.

Hoping 58-60 (42 now) but will have to see where we are financially nearer to time as we are about to buy our forever home so means less saving and staring down barrel of 25 year mortgage (though pretty sure we’ll be able to pay off before 25 years).

We both have ok pensions and a buy to let with circa 300k equity in which we’re hoping to sell and put into pensions.

If we get inheritance (not relying on this hence the if, but if we do get it it should be circa 500-600k) then will def be able to retire early but DC2 will only be 18 when I’m 60 (DH will be 55) so will just have to see we’ve got enough to find uni etc (been saving for DC1 since birth and will do same for DC2 when here)

Oh and we’d travel, play golf, eat out lots, cook and bake