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?

Never, sadly. It looks like I won’t reach retirement age.

I'm 58. Having done all the sums, I think I can afford to go at 63.

I'll pay off the mortgage that year, DS will finish school and I'll be able to survive and run a (very) small car. No world cruises or champagne, but I'll be able to keep us until DS can support himself. I hope !

@PastMyBestBeforeDate

Congratulations *@blue1000* :)

Thankyou. I feel very fortunate

I love these threads. It’s so interesting to get such personal information about financial details you simply can’t ask friends about in so much depth.

I’m hoping to work until 67 (10 years away) but have got to this point in a topsy turvey way-I worked until I had middle DC at 34 then had 20 years as a Sahm, loved it and realise how lucky I was to have the choice to do that.

Got to 50 and over the blur that is a hectic family life and finally looked at how the finances were shaping up and realising still have a biggish mortgage and not much in our pension pots that a job might now be a good idea! Got said job and loving it. I’m fit and healthy and there’s no reason I can’t carry as it stands currently. DH works for himself and would love to retire early but I think 67 would be realistic, but he works from home which I think is a lot less stressful and tiring than having to get on the 6.03 to London/Manchester/Liverpool every morning.

So probably 67, but feeling very happy about that. Trying to throw as much in to the pensions pots as possible, make sure our mortgage is paid off , and also trying to help our early 20’s DC a bit financially as well, over the next 10 years.

Retired at 56 thanks to a voluntary redundancy package, inheritance and having made extra pension contributions to a SIPP and defined contribution pension over the previous 12 years. I’ll also receive a Civil Service pension at 60. Using the time to help care for my elderly and very frail DM.
My DP will retire at 55 next year. He has enough saved and in a SIPP to bridge the gap to 60 when his civil service pension kicks in. Tax refunds on pension contributions were key to maximising our savings.

I love these threads. It’s so interesting to get such personal information about financial details you simply can’t ask friends about in so much depth.

Agree that's why I started! As I'm curious too, but would never ask friends!

I think I'll partially retire at 60 as that's when I can take part of my civil service pension.

Probably fine then to work part time until 67 when I'll get the rest of it. Mortgage should be paid off before I'm 50 so an opportunity to make savings in those years to add to the pot. Although DS might need help with a deposit etc.

Never
I hope to still be in my current job at 67-68 and will then hopefully be able to carry on doing some consultancy work for 10-20 hours a week to make up the gap between my poor pension and lifestyle

Not sure tbh! I've got a few pension on the go. My current work one is very generous. I only work part time just now so once I go back full time when the kids are older I'll be able to save a lot. Then there will be inheritance from my parents and dh (sad to think about but it will happen) I don't imagine I'll work past 60 well I hope not.

When the DC are all on the property ladder.

We're well off enough to retire within the next few years but while the DC are still in rentals they need a full time worker (i.e. one of us) to be a guarantor.

65 probably. Maybe a little earlier depending on how much longer of the next 30 years I can face being a teacher! The TPS keeps me going tbh

Dh and I retired at 53 and 52.
We lived overseas for 25 years and saved to retire early. We both do voluntary work, travel, go to the gym etc and dd is still at school.