To ask when realistically your will retire?

[fertilitybs]

I mean realistically as in, you have a pension or other provision that is set up and tracking to meet your target.

What age will you be able to give up work and what will you do after?

Also how much is your provision tracking to give you as an income?

I am early 50s with some personal pensions and savings, my original plan (in my 20s) was 55 and I have my DC early enough that this may be possible as in theory there are only 2 more years of uni to pay for. Mortgage is paid off and we could downsize but I am not ready for that yet

I like travelling and DH who has a good pension that will kick in at 60 (5 years time) loves his job and gets loads of leave, whereas I only get 5 weeks max so my plan is to wait for the world to go back to normal or at least to being able to travel freely again and then either negotiate a break or to semi retire and work on a freelance basis

So to answer the question and not ramble somewhere between 55 and 58

When I'm dead.

DP might be able to retire on my death in service benefit, then.

When I'm sixty.

This year.

In a little under 3 months!! Yay!

I am 59
I am not eligible for state pension until I am 67 but I have enough in private pension fund to keep me until then and then supplement state pension to a reasonable amount thereafter.

I'm 51 and pre-pandemic had planned to work to 60 to get a reasonable pension from my work. However I'm really not enjoying wfh and DH is very keen to retire earlier with a sizeable personal pension so we'll see.

If I retire at 67 and don’t get a promotion or anything my pension will be £18500 a year, which is fine for me as I only earn around £20000 and the house will be long paid off and DS will be in his 30s 😵. DH’s should be more as he’s the much higher earner although he started paying in later and his isn’t public sector (if that even counts for anything anymore!). I’m not holding out any hope for any sort of state pension.

I have a tiny pension that kicks in at 65, and dh is younger than me, so would still be working when I'm 65, so I think we could manage for 2 years until my current workplace pension starts at the same time as my state pension. Should I decide to leave dh however, I will have to rethink.

I want to work until I'm at least 75, but my health may not be good enough. Will see.

@steff13

I'm 44 and I have 12 years left until I can retire.

So you retire at 66? I'm over 60 and can't retire until I'm 67! Assuming you're talking about government pensions that is.

stillcrazy I'm 61and my pension age is 66

DH and I have planned to have enough to retire at 55. If we are still in good health, we might both choose a bit of part time consultancy work, but hopefully we won’t need to. I worry about being bored though and would want to do something useful.

We should be able to take out what we need each year from investments and have them continue to grow. Thanks mostly to DH making very good investments for us both.

On track to retire at 57. Have got a local government pension of 37k per year from age 67 + state pension.

However I don’t need anywhere near that much so will take a reduced local government pension at 57. 10 years to go!

Hopefully 60.

Maybe not fully retire, but I am aiming to at least be part time by 60 purely because my DH is nearly 10 years older and would like to enjoy some retirement with him!

Mortgage should be paid off when I'm 50, so will have 10 years of full time salary and no mortgage payments to funnel into ISAs to bridge the gap. I'm putting 16% total into my pension on the basis state pension won't exist, or will be means tested, when I reach the required age.

My DH has just started a decent pension within local government which I believe is career average, so hopefully he will get a decent pot from that. He was never a high earner but will also likely get a hefty inheritance, so he will be okay.

Will finish the mortgage at 62 and hope to work another 3-5 years after that and then retire.

@echt very confused by your post! But I'm happy to share too - I made this thread and then had an unexpectedly busy day to post back that's all but I have been following your responses.

For me, I'm planning 55.

My pension pot is currently 50k which doesn't translate into much income but as there's another 20 years for the pot to grow I hope it gets to where I need it to be.

I'm aiming to retire in at least 36k per year so have a long way to go.

No I'm not a journalist or lazy student genuinely interested to hear peoples retirement plans!

@fertilitybs
I'm interested in peoples plans too

I'm 42 and work for the NHS but have only worked for them for 2 years. I have stubs and drabs of pensions from other places but to be honest even with the NHS which is considered "a good pension" my forecast isn't that amazing

I think the very senior management and consultants do very well but minions band 6 and under probably don't do as well.

It worries me that I'll have to work until I'm nearly 70 my mother died at 71 from cancer and had lots of plans to travel all over which never came off.

When I started work I worked for a big engineering firm and the retirement age was 55!! That would have been nice xx

I'll be 51 coming up 52. DH will be a few days before his 51st birthday.

DH has a final salary pension.

67, and I hope to hell there will still get a state pension then. My mortgage is due to be paid off when I’m 64, so I’ll then whack as much of the equivalent of my mortgage payments as I can into my pension for the last three years to increase it a bit.

Unless I win the lottery or marry someone rich, realistically not until I'm not physically or mentally able to work. Tiny private pension and getting divorced at 50...

I don’t think I’ll ever fully retire. I’ve got at least 30 years til I’m pension age, not that I have one! But by that time I doubt it’ll even exist. I have some investments and working on building some passive income streams which should provide an income well beyond my 70’s.

I'm 47. In theory I have another 20 years to go. Realistically I don't think I will be up to teaching full time then. So I will go part time first in about ten years then try and retire at 60. If I dont get managed out as an expensive 'oldie' that often seems to happen in schools.

I can't take my nhs pension until I'm state retirement age so as much as I'd love to retire at 60 it's not going to happen

Never!