What age are you planning to retire

[Flutteringround]

I work in healthcare and I love my job and would be happy to just continue on till normal retirement age. However although the majority of the people I care for seem really happy and appreciative of my care, I’m becoming disillusioned by increasing number of people who ask for a change of practitioner (only up to 2-3 a year and never for any report of clinical failing or rudeness) but still feels demoralising each time. Therefore I’m thinking of retiring as soon as we can get the mortgage paid off (around 60 if we overpay etc) Just wondering what age other people are thinking of retiring and how planning to fund or if you work in healthcare have your or would you consider to switching another job nearer retirement?

My plan is 62. 3 and a half years. Literally fed up of wiping the arses of people who think feelings are facts.

I'm planning to go at 60. Decent lump sum, defined benefit pension. Mortgage is paid off. Can't wait.

I know a lady who just retired 58. Everyone in work thinks she’s nuts and will be on the floor financially but as someone who knows too many people who died before the age of 60 I think if people can they should think about it. (I’ll be 67 personally as am starting from scratch, was a sahm for 7 years)

im going at 63. Last child will have finished uni by then

In the private sector, a better way to think of it is "which is your last job" rather than exactly when.

I was made redundant at 61 and managed to find another comparable role within a few weeks. I knew I needed at least 14 months salary to pay off the mortgage and do a couple of things to the house so I wanted to achieve at least that.

After I'd been there 21 months, they announced a round of redundancies, and since I was a) relatively expensive, b) coming up to 2 years tenure and c) 63 years old at the point, I guessed I would be targeted. I was right so I accepted it and managed to negotiate a reasonable exit package.

So here I am, retired at 63, trying to shake off the feeling I am somehow skiving. 😁

67
trying to stay positive in the nhs

I'm about 10-13 year off but would like to go at 58-60 if my retirement savings go to plan.

Meadowfinch
In the private sector, a better way to think of it is "which is your last job" rather than exactly when.
I was made redundant at 61 and managed to find another comparable role within a few weeks. I knew I needed at least 14 months salary to pay off the mortgage and do a couple of things to the house so I wanted to achieve at least that.
After I'd been there 21 months, they announced a round of redundancies, and since I was a) relatively expensive, b) coming up to 2 years tenure and c) 63 years old at the point, I guessed I would be targeted. I was right so I accepted it and managed to negotiate a reasonable exit package.
So here I am, retired at 63, trying to shake off the feeling I am somehow skiving. 😁

pffff to skiving!!! I love what you did and your mindset that left to it- congratulations and enjoy it all because you deserve it!!

I’m 57 and retiring in a couple of months . I cannot wait, genuinely. I’m so so excited. And I financially don’t need to work again.

I have loved my career , it’s a voluntary redundancy thing, and the closer I get to leaving, the more I realise just how hard and stressful my job is,the thought of not having to deal with that, ever again, is utter bliss.

Im 64, just retired a couple of months ago. Also healthcare, took my NHS 1995 pension at 60 and continued working and saving pension which will bridge the gap until state pension kicks in.

Good on her!! I’m in similar situation to you with having limited retirement savings due to having started career later, been an SAHM for quite a few years then have been part time since but DH has retirement savings so between us we should be ok. I would be happy for a very modest standard of living in retirement but he would probably want a more comfortable standard so it will depend a lot on what he would like to do as well. My thinking was using the 25% tax free in our private pension pots to pay towards the mortgage at 55 so with overpayments can have paid off by 60 then maybe look at retiring and taking my NHS pension at a reduced level plus drawing down on my small private pot as once get state pension going to get taxed on any retirement savings anyway. Will probably keep going until as long as can manage (currently in mid 40s) and we still have young children but nice to have a plan in place in case get too fed up sooner. Most of my colleagues have retired in their 50s, granted they started their career much younger than I did, more years paid in and were on the more generous scheme with better terms for early retirement

Aged 55 on my teachers pension. Can't wait!

I plan to go at 50. DH already retired (redundancy and able to take pension early), age gap so I always planned to go early early so we had a decent few years of good health together. Retire maybe isn’t the word, more financially independent that I could work the hours I want not need.

I’ve been saving since 19 and always put pensions top of my priority list. Currently 42

Asap

I do feel for teachers, think they have it worse than us, all of them I’ve had the experience of at my children‘s school have been lovely and very hard working and although appreciated by most always get some people being very nasty about particular ones (obviously always get a few bad apples in any profession but a lot of this is unjustified- basically coming down to that professional not having the X factor for that particular person) can imagine like us the attitudes towards them by a minority and the system they have to work in must get teacher down like us, but as a parent would say you are really appreciated by most of us!!

Essentially when I can think I can afford it, only dc pension savings and not db, so it is harder to figure out when I can be confident it will generate my target monthly income. Throw in that there seems to be so much talk about when you will get and how much state pension, you have to work longer to be financially sure.

That said job not secure so could also end up working for less for longer to get there. I like working, so not an issue provided the work is there and I stay healthy. I don't have a particularly high target, but don't want to get to late old age and be struggling financially.

66. In about 9 weeks and to coincide with my state pension, but I have loved work. Switched to p/t a year ago and would have gone on longer but need to look after my elderly mother, have a baby gd and dd getting married next year, so lots to do.

Excellent occupational pension and will take half the lump sum.

Dh and I retired at 53 and 52. We lived overseas for 25 years with the intention of retiring early.

50 if i can manage it, 55 at the latest.

Don't mind work, but increasingly find it pointless and feel there is much more ti life!

Around 53 or 54 (I'm 50 this year). We have decent ISA savings and an inherited pension we can access now, which will last until we can access private pensions at 57.

64 as I live in France and that's the official age.

I'd like to go part-time a year or two before that as I'm not sure I'll have the energy to teach full-time past 60. It will depend on savings and how well investments perform.

Actually I'd love to go at 55 but there's no way I can afford it unless I want to live in a cardboard box and eat stone soup forever, so...

As soon as possible sadly I’m only 49 and yet to win the lottery
i have no idea, mortgage is almost paid off, then I’d like to bump my pension pot up for a couple of years and then drop a day (which will be about the same income as full time and paying the mortgage)…….but I’m private sector with a crap pension scheme compared to public sector so who knows?? I’ve yet to find anyone who can advise what you really need in order to retire comfortably. A lot might also depend on inheritance

42 when I win the lottery next week

My current plan is to go at 63, but drop to PT in the run up to that (0.8 at 58, 0.6 at 60). If I stay FT then I can probably afford to retire at 61. With redundancy, I could go at 57. I’m currently 50. I’ve got 2 more years until DS is out of university (DD has already graduated, and has a decent job). And a fairly hefty mortgage from serious home renovations.

54. Although technically semi retired as I took a position as dinner lady to assuage the guilt of being economically and socially idle. 8 hours a week. Using savings built up specifically for retirement. Will access pensions in around five years or so. Can’t take it with you.