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?

67 but planning to start going part time from 60 if I possibly can. My mum worked 4 days a week from 60 to 65 and after slogging her guts out for 40 years she found that really lovely. So 4 days from 60, hoping for 3 days from maybe 63. I’m still waiting to see a financial adviser to run all the numbers to see what that looks like, but I think in the NHS going early means a huge drop in pension but part time for longer is much less painful.

I’m 68 and still working full-time, 6 days a week (the norm in my ‘industry’). Hope to carry on until 70 at least so that I get the maximum amount of pension as I will be reliant on it. Might negotiate going part-time if I’m needed for childcare. Just hope my health holds out (fortunately fine at present, but definitely more tired than I was at 50!).

I early retired from teaching at 58 and DH early retired from CS at 60. We both have good pensions we draw, plus I have an annuity. We have btl incomes too. We are still foster/shared lives carers though for 3 late teens with learning disabilities. We anticipate caring for them for up to another 3 years until they have learned enough independent living skills to either live alone together or separately.

I hope your DH enjoys whatever to.e he has left.

Hi @Mum2Fergus how does this work with the mortgage company- don’t they require you to have a job? We’d like to retire in 5-7 years but will still prob have ~10% LTV to go and only have DC pensions schemes which could cover the mortgage else we were thinking of travelling and renting out our house which would also cover mortgage- not sure if this would work or not?

I retired at 57 after working for NHS for 38 years. I’m getting my NHS pension but will have to wait a few more years for my state pension. We use my pension and interest on savings to lead a comfortable life.Our mortgage was paid off years ago.

I'm thinking 55 as my husband is retiring then. Have thought of carrying on because I mostly enjoy my job.

Also, he's going to drive me nuts if I am working and he is not. He hates his job.

For us returning we have DC pensions schemes which schemes and a savings goal and when we hit that we can retire. Slightly different question @Venusunbroken @Jardenalia @luckylavender @Alltheusefulitems @thicklysettled would you mind letting us know what you do for a career pls as you all seem to love your jobs. I have a 50/50 love/hate relationship with mine but can’t give it up yet as it pays well and we need the money. Only caveat to retirement would be if I managed to switched to a job I enjoyed I would probably keep going for 20 years!

ASAP - hopefully by 58 which is 10 years away. If I get made redundant from 55 onwards I doubt I'll look for anything else and just try and get a minimum wager job for a few years(easier said than done I know).

I’ve no idea! I look at the “when can you retire” calculators and still can’t really work it out. Our mortgage is paid off and I have £400k in a defined contribution scheme. I’m 55.

Hi, so for me I’ve stuck with existing mortgage provider (as luck would have it, they came up as the cheapest lender for me at last 2 renewals) - as such you don’t have to go through underwriting again. If the renewal time comes and it’s a significant hike then I’d consider freeing up funds from investments to pay it off in full…but meantime investment growth far outweighs mortgage interest rate.

I’m 50 and not expecting to be able to afford to retire

@PBonToast I run various types of social groups for the elderly

Really helpful thank you!! We were thinking to get a longish final renewal whilst still working and hopefully pay off before the next one is due. Interesting to know options

That sounds like a fulfilling career 😊

I'm mostly retiring at 55 - opportunity arose and I jumped at it! Won't need to touch my pension as dh is still working and we can live off his salary - haven't paid off the mortgage but we have enough invested to more than take care of that.

I'm hoping to retire by 135.

When I can afford to do my weekly shop in M and S 😎!

I am now planning for around age 63/64. Dh is 4 years older than me so don't want to leave it too late to be able to do the travelling that we want to do. I have had earlier retirement plans somewhat dashed due to a big mistake with my NHS pension forcast. I have now resigned myself that I need to work another four of five years to make up the difference in what the amount I thought I would get at aged 60 and what I will now get.

51 for me. That will be my 30 years done in the police. I have a modest pension and lump sum and a fair bit of equity in my house. I just want a simple life nothing fancy, I want to enjoy what time I have.

I’m going for the slow fizzling out rather than a set age. I gave up my lifelong career about three years ago and am now a part time Virtual Assistant. We also earn a little off an annexe Airbnb. I have saved into a private pension since my 30s and am starting to draw a bit down. DH is older than me and gets state pension plus his own pension pot to draw on. I’m 63.

I’m hoping around 57 once DS2 has finished university.

I can’t access any pensions until 60 but hope we’ll have savings for a relaxing couple if years.

of course, if my (very small amount of) premium bonds come up trumps, I will be very happy to bring that plan forwards!

Retired at 59, nearly 60.
Saw too many people never make retirement.
Dh doesn’t feel he’s ready for it yet so will work another 2/3 years.

I am sort of retired and sort of not. I had to leave my job in the NHS for ill health and the third time I applied I got my NHS pension.

I tried to work but a few years ago it became impossible, so now I'm not working and living on my NHS pension and benefits.

Just under 7 years til I get my state pension.

I'm not planning to retire. I'm self employed and I love my job so I'll keep doing it for as long as people pay me to do it.