To ask when realistically your will retire?

[SleepDreamThinkHuge]

Do you think you can retire before 65?

And if you cannot retire before 65 do you think you will be able to work less hours (part time) topped up with your state pension and still afford life?

Anyone else think retirement will be a myth especially if you retire in the 2050s where the projection is that the retirement age will easily be 70 plus. The thought of people having to work at 70 is quite a sad sight.

you will retire *

I don't think I will ever get to retire, realistically I'm never going to have the money to do it. My husband is disabled so I'm assuming he won't be able to physically work until retirement age so I will need to fill the gap.

Never ! Retiring isn't for the little people like me, I'm not a retiring type, probably work until I drop.

I'm in my 30s and intend to retire from nursing at 60 at the absolute latest. I will lose 34% of my NHS pension if I do this, but it will be worth it. The current age for a full NHS pension under the 2015 scheme is 68: the oldest nurse I know who is still working is 62.

I might work part time to top up my salary, but it probably won't be in nursing! Will see how I feel at 60!

My current projection is when I turn 67, however I've just bought a new house which will have me repaying until I'm 70, so realistically I'll be over the 70 mark when it comes to it.

Went part time at 60, retiring at 66. Hubby ditto. Both been paying into pensions all our lives and will downsize too.

I mean the planets fucked so there probably won’t be much of a retirement to take

I'm 62 and didn't envisage a full on career at this stage but it caught up with me. I think of life in blocks. Get to Christmas, get to Easter, get to June, get to autumn.

I love work which is sad in a way because financially I could retire tomorrow.

I am well pensioned. DC are grown up. Everything is paid for.

I’m hoping to retire or semi-retire at 57. I’m 27 now so I’ve got the advantage of prioritising retirement savings early (I started my pension when I was 23) but also I’m aware that I don’t know what will happen in my life to throw me off track! I’m not banking on receiving any state pension at all, my plans just revolve around private pensions.

Somewhere between 60 and 65, but I will go part time I cannot face the thought of not working. I come from a line of long living late retirees.

If 'D'H gets over his current crisis, 55ish. If he doesn't, 70 If I am lucky.

Went pt at 55 retired fully at 56. Took a big pension hit but kept my sanity. I was a senior secondary school dept head, that, combined with the menopause did me in. I have LOVED my retirement. When I worked there were few 60+ teachers working. The demands of the job are such that you’ve got to be on the ball, and I really think the students deserve the most energetic teachers. Having said that, the guy who got my job failed at it within a year and left.

I plan 55-60 to wind up bar a day or two a week.

Its going to take a lot of savings and keeping costs under control.

My retirement age is 68 though I expect it will go up to 70+. I can’t imagine working at that age and being able to keep up with technology. My grandparents and parents retired before 60!

Not at all.

They keep putting up the retirement age, so unless you are very fortunate, you'll work until you are unfit for work due to age related ailments.

After that there might be a few years of reasonable health before the big -fast decline.
Our parents and grandparents were very lucky indeed!

I can retire from my public sector job next year at age 52. Will hopefully work for a few more years after but part time

Hopefully no later than 60, currently 52. I have the pension in place (teacher) and will have no mortgage by then. Daughters will be through university before then so if I can’t stand it any longer I’ll go sooner.

I retired at 58 when being made redundant. DH retired at 62 after having a triple heart bypass and realising there’s more important things than money. We were fortunate to inherit DH parents house, which has massively taken the pressure off to earn money. We each have private pensions which were supposed to give us a good return in retirement, they only pay a couple of bills each month.

My retirement will be my grave

Realistically I expect to be dead before I get the chance to consider it.

It will be 64 or 65 for me, then can manage until I get state pension with works pension.

I will work as long as i am healthy enough to do so and people will employ me. I hope to work FT again if/ when my child with sen settles down and then part time again if health needs it.

I am very likely to remain financially responsible for my son so i need to stock pile enough in trust for his likely life span too. I cant rely on him being able to access pip or whatever replaces it.

I am another one who does not see the prospect of fully retiring, ever. I can claim state pension at 67, but it will not be sufficient to allow me to help my sons (who have serious mental illness).

I do not think I have to retire from any of my jobs, although I may have to cut down as I get older and/or as my health deteriorates.

I actually looked forward to the prospect of 'hanging up my boots' and retiring in my mid sixties. However, I think for many people, that is now not a viable possibility.

I’m part time at 55 with the aim of retiring in 2-3 years time (pension will then be reduced). We have modest investments that will help tide us over.
All I can say is that whatever age you are under 50, even if you can put a small amount per month away into a Stocks and Shares Pension with S&S ISA, do it.
It will weather financial storms over the years and will give you that cushion.

Probably 65.

By then, I'll be mortgage free and will have a pension pot of £650k.

Will go part time at 60.

I'm knackered already though.

I suspect we'll have a universal basic income by then.