Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

Original poster

I want to retire at….

112 replies

EUwannabe · 07/12/2022 11:22

So I’m hoping to retire early (early 40s atm!). What age would you 1) like to retire 2) think you’ll be able to retire? Is 50 too early 🤣

OP posts:
LindaEllen · 07/12/2022 12:28

I'm 32, and I'd like to retire at... 32.

MissWired · 07/12/2022 12:35

... all.

MrsMoastyToasty · 07/12/2022 12:38

I left school in the 80's and at the time state pension age was 60 for women. So I would like to retire around the time I turn 60.
I've worked continuously since leaving school and I'm 56 now. The mortgage gets paid off in January so we'll have more disposable income. I've also just gone full time after being part time while my DS has grown up. (I had him at 40).

Interested in this thread?

Then you might like threads about this subject:

Retirement & pensions
racquel86 · 07/12/2022 12:40

30..... I'm now 36 tho, and my retirement age is due to be 67, but I'm a nurse so reality is I'll work until I drop dead 🤣🤣🤣

shreddies · 07/12/2022 12:43

I'd like to retire at 60 ish though that's not looking likely. I'm not bothered about going earlier than that, though I might feel differently when wealthier friends of mine start to retire. Some (mid 50s) are beginning to talk about it but they look in the prime of life to me, seems quite early

Pictograph · 07/12/2022 12:44

I'm 48 now and youngest DC will be leaving for uni (assuming he wants to go) in 6 years. Part of me thinks about retiring a few years after that, in my late 50s, but another part of me is tempted to go the other way and get a new job when I no longer have any dependent kids (there's a job I've got in mind which requires travel so is tricky to combine with a family). I guess I'll have to see how I feel at the time!

emmathedilemma · 07/12/2022 12:44

Mid 40’s and I think I’d be bored if I retired now! That said, im working to get the mortgage paid off as quickly as possible (10.5yrs left but looking to bring that down to not much more than 5) then I can start whacking some of that into pension fund and maybe go down to 3 or 4 days a week. It’s hard when your household depends on a single income!

Greyphoto · 07/12/2022 12:49

I would love to retire in my 50s but currently my pension is shocking (private sector) I’ve considered moving into teaching to up my pension but I will have to take a salary drop so a bit swings and round a bout.

Greyphoto · 07/12/2022 12:54

LindaEllen · 07/12/2022 12:28

I'm 32, and I'd like to retire at... 32.

@LindaEllen this made me chuckle…can’t disagree!

TortugaRumCakeQueen · 07/12/2022 13:00

I'm 53 and I could technically retire in 2 years time, as my work pension can be taken then. But I will keep on working in my self employed job, as it's a good earner. And then I'll just pack that in, when I fancy. Could be 60+ or maybe sooner. I'll know when the time is right, I think.

Lablover678 · 07/12/2022 13:02

Late thirties here and (at the moment!) I hope I will never retire fully - I love what I do.

I may go for a part-time plural/portfolio career (have started building NED portfolio in preparation) but hope I will be able to keep a toe dipped in the industry for as long as possible.

Littlepiggiesinblankets · 07/12/2022 13:05

I've been planning on retiring since I was mid-30s. Come on that lottery win!

Seriously though, we are trying to sort ourselves so I stop at 55 as my DH will be 65 and both DF and DFIL died at that age, so we both have a bit of fear about that. I can also take a pension from 55, but things will have to go OK financially between now and then as it'll be a stretch.

I might also be able to go part-time around 50, which I think would mean I could keep going longer, so long as I could do 2.5 days and not five half days. It's not entirely clear to me how that affects my pension. I keep thinking I need to make an appointment about it and never getting round to it.

I have a very time-consuming hobby (horses) and a hobby business that I would probably keep going in retirement (painting), but although I've been dreaming of not having to work, I do wonder if, given that I have ADHD, it wouldn't be the best idea not to have much structure to my days ...

HalfasleepChrisintheMorning · 07/12/2022 13:10

45 now.
Could retire as mortgage free and only work 2 days. Have a few income streams eg rental property.
Want to keep going another 10 years as otherwise I will be bored. Can’t go on long holidays because DS is at school. Enjoy my job.

Onnabugeisha · 07/12/2022 13:14

I would have liked to retire between 57-62.
But as fate would have it, I was medically forced to retire at 40.

AlisonDonut · 07/12/2022 13:15

We both retired last summer - well I was made redundant and he could draw down his pension so we pooled savings and the pension draw down and bought a house in France and moved November last year. I was 54 he was 57.

I have to say that I am enjoying every day, and was more than happy to give up the highly stressful job role [I could have applied for more of the same rather than take the redundancy] to someone else to do. I have no patience to work for someone else again, if anything once our first 5 years here is up and we can work again, it will be for ourselves not for someone else. I've had my fill of over promoted men.

BobbyBobbyBobby · 07/12/2022 13:17

I retired at 50. A good age for me and the right time.

ComtesseDeSpair · 07/12/2022 13:17

I haven’t decided yet. My aim is to see how far I can take my career and then when I feel it’s at its pinnacle see for how long I’m happy staying at that level full time before gradually winding down. I can’t imagine it will be for at least another couple of decades, though.

PegasusReturns · 07/12/2022 13:22

I “retired” when I sold a business a few years ago. I was in my (very) late 30’s.

I ultimately decided I wanted to go back to work and after a couple of years took an interesting job and will probably stick with that until I am 50. I am a NED and a charity trustee for two big organisations, so ultimately I’d like to transition to portfolio of similar roles.

NoelNoNoel · 07/12/2022 13:34

My DH and I were 55 and 52, we have one and a half million in various pension pots.

flowerycurtain · 07/12/2022 13:42

Never!! I'm a farmer. We don't retire. In laws and my parents are all still working into their 70's and 80's. Albeit part time.

I want to keep involved in my family business having passed the reins onto either children or a manager by the time I'm mid 50's/60's though.

FantaTv · 07/12/2022 13:44

This reminds me of a friend who was 23. She was pregnant with her third child and I asked her what she was going to do for childcare.

she told me that she was giving up work, because she was ‘sick of working and have been working my whole life’.

her first job was at 18 😂 12 years later she still hasn’t gone back to work.

LadyGardenersQuestionTime · 07/12/2022 13:44

I want to retire today; I’ll actually retire this summer when I turn 65 - so a year early for me.

youcantry · 07/12/2022 13:50

Semi retired at 50, working locally now I'm 51, 20hrs per week. Mortgage was paid off so I thought I'd go part time after working since I was 16 (part time for a few years when the children were young and a few years off travelling when I was 18-21) ExH is also semi retired now at 51 but he got a large inheritance a few years ago and owns two properties outright, one which he rents out and now works freelance/contracts and earns stupid money. DP is also semi retired at 56, self employed, works about the same amount of hours as me. Again, he owns a second property that he gets a rental income from (lives with me and rents his London flat out) My dad, bless him worked until he was 70, I think it was ingrained in him as he started work at 15 in the print and is still constantly busy at 80, in the house and garden. My sister is also semi retired at 53 but looks after her granddaughter two days a week, a few of my female friends do this too. Her husband will retire next year at 55. They have an AirBnB already and will buy another (recent inheritance, currently selling dad's house).
My mum very kindly retired at 50 to provide free childcare for my neice, nephew and then my two, so we could work. That Meant that my sister and I could both buy houses in our early 20s in London. For which we are both very grateful. I would do the same for my children.
I'll probably give up work completely in a few years. I'll have a civil service pension and a private pension plus the full state pension. Plan to spend half the year somewhere hot and sunny! My friend retired to Goa a few years ago so We'll probably go there, or Thailand where my daughter is currently sunning herself, island hopping in 31 degrees. But will obviously come back to London if and when one of my adult children has kids so that I can save them childcare. My ExH will share grandchildrens childcare with me.

Peckhampalace · 07/12/2022 13:53

I did last year at 55, which was always my plan.
I volunteer at 2 new charities, do more on something else I volunteered at anyway and have time to follow hobbies I used to struggle to fit in.
I usually describe it as every day being a Saturday:-)

chipsandpeas · 07/12/2022 13:55

id retire tomorrow at 45 if it was financially possible, but its not so ill probably be working for at least another 10 years with a idea to retire at 58-60 depending on money