What age are you planning to retire?

[GutsyShark]

As the thread title states - what age are you planning to retire? I'm a long way away (decades) but would like to retire at 60 and currently trying to figure the finances out!

Anyone who has or is planning to retire before state pension age any tips on how you managed it are very welcome.

Retired 52. Writing books; doing yoga course; travelling; gardening; reading and general knowledge; running and fitness. Knitting doesn't come into it. Honestly don't know how I had time for work before.

I'm 57 soon. Plan is to retire at 62 and reduce to 4 days next year ( not sure they will let me!)
We will have £300000 between us at that point.
I have some final salary pension which gives me £15000 at 62, then index linked for life. So we really only have to fully fund 4 years (dh a year older than me).
We will be fine

Maybe 70 (the oldest I can retire if I want to still be able to take my final salary pension from a job I did a few years ago). At the moment I am a contractor, but I am contemplating taking another busy permanent role at almost 65. I like the type of work I do and I might as well carry on until I find something I want to do more.

Really ? 55? Potentially 40 years of doing no work?

52? What? Im 54 and sorry I cannot imagine this.

Plan to retire at 58. Want to travel and spend a few years doing this before properly settling into retirement

For those retiring at 55 how will you fund yourself?

About 65 I think, possibly earlier. I'm almost 57 now. However from age 60 I will be reducing my hours as I'll start receiving a final salary pension I have - only around £500 a month - and the main pension is a SIPP so the longer I leave it the more I can have per month.
DC are 16 and 18 so expensive times looming as eldest is going to uni, not sure about youngest yet.
Possibly retirement might come a bit earlier if we pay off our mortgage sooner.

I have been in a position to retire comfortably for several years but I run my own business and enjoy it too much.

I am very selective about what I do and which clients I take on so have plenty of ring fenced free time too. I'm quite expensive so working part time adds up to a full time salary.

It keeps me very active, especially mentally, I get to work with a good range of people and I would miss it a lot. All being well I might start to run it down in my early 70s.

Pretty similar to me. I'm 60 and am on a gradual wind down. Barely take on any new clients as taking on new clients is usually "too much hard work" for me these days, but got a good portfolio of long term clients, most of whom have been clients for 15-25 years so I know them inside out and working for them is easy. Over the years, I weeded out the nuisance/problem/irritant clients, so the client base I have know are people I genuinely like and respect which makes work so much easier and more enjoyable. Most of my clients will be retiring/selling up within the next decade or so, so that fits in with my plan to continue winding down throughout my 60's with maybe giving up completely by the time I'm 70, by which time I'll have few active clients left, and those I still have will probably be fully or partly retired and working for them will be even simpler/easier. Working (currently very part time and flexible) doesn't stop me and OH doing what we want to do in terms of holidays, hobbies, relaxation, etc., so it's a no brainer to carry on to continue earning money.

What makes you think that OP?

Update - retire EOY age 54 🍾🥳

Hoping for 63, in 7 years. I’ve done it all the ‘wrong’ way, with multiple financial cockups and the occasional good decision (starting a pension early, defining any financial product I don’t understand as too risky, not listening to someone who told me to take out a mortgage to buy a property to let in 2019, and most of all marrying a man who turned out to have parents who were much wealthier than either of us realised). Most of the money I have was sheer accident or unexpected gifts. I’ve worked reasonably hard but so have a lot of people poorer than me.

I’m 41 and there’s no way I’ll have enough money saved in the next 10 or so years to live comfortably for a possible 3-4 decades after that. Nor would I want to save every penny when not everyone lives to a ripe old age. I expect I’ll be working until at least 70.

Mid month always think of retiring early then end month get salary through to bank account and have second thoughts... until 2 weeks later and so it goes on... 😁

Will there be a stampede to retire if Rachel Reeves signals that she will be unleashing raiders to drain pension pots next month 🤔

@LavnderBluei don’t think it quite works like that. You should be ok!

Was planning for age 59 ( in 6 months) but now getting cold feet contemplating surviving on my NHS pension which would be less than half my salary. Maybe one more year …

I've been paying into a CS pension for over 20 years but only at low bands. Dh has had a pension for a while and a reasonable one for about 8 years now. We are both 40 and buying our first house so I imagine we will be aiming to retire late 60s. I would not want to work past 70 and ideally not full time in my 60s.

I only do 3 days a week now at 48 (nhs) will get pension in full at 60 then decide. Deffo don’t want to go before 60 I’d be bored shitless.

Ten years ago, I would have said 60 but I’m now 56 and nowhere near ready to retire - I’d be bored. My mother retired at 62 and is now 95, still lives totally independently and is just back from a cruise. I know that doesn’t mean I’ll be the same but her retirement is nearly as long as her working life. So until I feel I’ve had enough and can afford it.

I am 65 and have just reduced my hours to three days a week. Complex professional role.

Five years ago I thought I might never retire but despite being fit and healthy, I find I am much more tired now than even two or three years ago. It sort of crept up.