Would you retire At 50 if you came into money?

[Quarks69]

My Work colleague is not enjoying her job at the moment. Sadly her mum died and so she has come into an inheritance which has paid off her mortgage and leaves her and hubby with a clear million. They have no real work pension so this is it. He wants to retire early but he says it’s not enough. As someone who also dislikes her job, I think she should jump at it, life’s too short etc, but she’s not sure. Thought I’d see if you think this is enough to stop work with? Not that I’m jealous or anything 😊

Exactly life is too short! She should go, retire, enjoy her life, I most certainly would without a second thought.

yup

Hell yes!!

Oh yes!

I wouldn't because it's too young. But would leave a job I didn't like and do something else instead, maybe part time

Yes-lots of things I’d rather do than work & I actually enjoy my job. I can’t wait for early retirement!

Probably wouldn’t resign if I had kids and my own mortgage left to pay off

Of course! It's a no brainer for me

If it’s to cover both of them and they each lived for 40 years, I calculate that would give them a joint £25,000 per year. That could be massively reduced by inflation if they don’t invest the capital wisely.

I would retire at 40 with that situation... but id suggest my dh carries on as he enjoys his job

If she lives another 40 years (so lives to be 90) that's £25,000 a year to live off. Does that match her current lifestyle? Personally I'd be bored to tears if I retired at 50, and would rather use the money to do another degree and start a new career without the pressure of having to succeed.

Until recently I’d have said no or that I’d find a lesser paid career
Now I’m thinking fucking yes no question

Sorry cross post with @HTH1

Yes, she should go for it.

I wouldn't because it's too young. But would leave a job I didn't like and do something else instead, maybe part time

We aren't put on this earth to work! If I had a mill no workplace would see me for dust.

How does he feel about just her retiring?

I wouldn't completely retire, i'd get bored.
But i'd leave the shitty cleaning jobs i do and focus on the ones i do enjoy, that pay less but give me social interaction and a laugh.

If she dislikes her job she should leave, and do something she'd enjoy more, maybe part time if the moneys not the essential part.

She might be bored if she retired so young. I think I'd leave the job I didn't like and use it as a cushion while I sought the job I really wanted. Or I'd retrain.

Yes definitely!

I wouldn't, I worry retiring early would make me feel old early if that makes sense?! I'd definitely find something else though that I enjoyed more, wouldn't worry about the salary as much and work part time.

1 million is £500,000 each

If they live another 30 years, to age 80, that's £16,600 each per year

Care home fees approx £1,200 to £2,000 per week. On average, people live approx 18 months after admission to care home

1 million sounds a lot, but if you want to be able to choose your own future care, I would continue working

I'd retire now and I'm only 32.

I would continue working as £1m isn't that much when you break it down.

I'd go part time though or find a job I actually liked.

Life’s to short to do a job you hate and you certainly don’t need work to fill your time (although I work because I love my job).

I’d be nervous about two people trying to live off a million for 40 years. But it totally depends what current lifestyle is like.

Only if I knew how to make the money work for me and had pensions and passive income from elsewhere.
Life is not always too short one of my grandparents retired at 65 and lived to 95. He was drawing a pension for the same amount of time he was in work.