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?

Similarly, if you use one, get a new 0% credit card with as long as a timescale as you can get just before you finish up completely.

Am currently mid-40s and aiming to retire at 58-60. I would ideally be working full time for longer (love my job) but other half is 10 years older and while he is in good health, I want to spend as much time as possible retired together (though I may do some ad hoc consultancy and NED stuff).

Never. I’m 55 and I’ve had too many financial hardships to afford to retire so will be working until I’m in the ground. Envious of all the posters that can retire in their 50s and 60s. A good friend of mine is retiring at 52, she’s been very lucky financially (she even says this).

I studied for a professional qualification straight out of university and for the last 25 years I’ve been writing exams for the qualification. I love using my writing skills, it’s well-paid but most of all I love the intellectual challenge that comes with working with teams of colleagues who have high standards yet are funny and very supportive. Happier with being self-employed with clients rather than employed with a boss.

You don’t have to have a job to apply for a mortgage, just an income. So if your pension income passes the affordability checks for a mortgage then you can get one. It might not necessarily be with a high street lender or be the best rate on the market by a good mortgage adviser/broker would be able to source you a mortgage based on income other than from employment

@FinanceName that’s useful to know too- thank you! @Mum2Fergus thank too for 0% cc suggestion- we don’t tend to use them although I always think I should look into stoozing so might start that! @Jardenalia your job sounds right up my street! Thank for the advice everyone 😊

55, DH and I will be in a position to both retire at that age. No dependents and not long to go. Can’t bloody wait.

Just to clarify by no dependents I mean the DC will hopefully be independent by then. They mostly are right now.

I’ll have to keep working as my pension (that I have put into since early 20s) is not going to be worth much as I’ve never been paid much even with post graduate and professional qualifications.
my parents retired mid 50s, I should had gone into work straight after school rather than university as I’d be better off

No firm plan - I’m single, have a shit private pension and am still renting (but planning on buying a house next year). Maybe 70 is my end point if I can continue to live frugally for the next two decades and get the mortgage paid off but before then perhaps AI will retire me. I’m really worried about AI. Any inheritance I may get will be in the low five figures range.

50. Well I was ill health retired at 50. Luckily I had a LA role for 30 years and they added 4k to it yearly for my health plus I've got a few thousand in my bank account.

I'm a company secretary working in-house. I freely admit that this job is pretty cushy - when it's very busy (January-April) it's all hands on deck, but the rest of the time I work maybe 35 hours a week, and in our quiet time (July-August) I doubt I hit 30. Im acutely aware of my good fortune. (Though it's hard earned with seniority and many years working in a much less cushy position.)

We were hoping for 60 it’s looking like 65. I don’t think I want to be in my current career till then.
I think I’d be happy working in a tea shop or something because my current job is way too stressful.
I’m not even sure I want to fully retire. There’s someone at our work who is nearly 70 and she works 10 hours a week because she likes nice handbags.

I’m hoping it can be 60. Invested loads in a private pension pot which I will be able to access the lump sum from at around 58. So in 14 years time. The only thing that might delay it is if we upgrade to a larger house. We’re almost mortgage free now but would like more space. The downside of that is committing to a £250k mortgage. Our kids are also relatively young - when I’m 60 they’ll be 22 and 19 - and therefore still looking to bank of mum & dad.

Went down to 4 days at 45, retired at 54. Now 55.

At 57, in 4 months time. Lots of people have told me I'm too young but I don't care. I can afford it so why not.

NHS, and I retired at 58. Too many young deaths within our family and friends, then our remaining parents died within a year of each other so we were able to pay off the mortgage.

Obviously taking my pension early resulted in a reduced amount, but I haven't thought "I wish I'd worked longer" for a second.

Around 60. I put all my savings in stocks and shares and they are doing very well.

Well I get my state pension in 3 months time as does my H. He will go part time then but as I’m self employed and enjoy what I do I will carry on working full time. I’m going to slow down a bit in a couple of years and I think my H will fully retire. I can’t imagine stopping my work altogether and doing nothing!

"I can’t imagine stopping my work altogether and doing nothing!"

Another one! Is it deliberate (rage bait) or a genuine belief that work is your whole life and without it, there is nothing else?

This comes up every couple of weeks and for the person that can't see a meaningful life after retirement, there is a whole host of people who manage to fill their new lives with activities and genuinely can't see how they found time to work.👍

My dad didn't retire till he was 80 years old. He had no hobbies, he had no life outside of his work, he didn't like travelling. And so he retired at 80, sat in his armchair and waited to die. He could not fill his time - with anything meaningful or enjoyable. He had skills and talent in one very limited area and when he couldn't do it any more there was nothing else. Thankfully I have a few more strings to my bow.

I think I’ll leave teaching around 55-60. Then continue working in something more relaxed until I suppose 67.

No plans to retire. Self employed so I will keep working as long as I can.

I’m assuming that dig is at me? I meant it genuinely. The thought of having nothing to get up for scares me. I am not saying that all retired people sit and do nothing of course I’m not, but for me getting up to do my job is what I do. If I got up in the morning without that I would feel lost. I’m very lucky to be self employed and do a job I enjoy but even so when my H talks about retirement and pottering around I can’t get my head around it.

Stopping work doesn't equate to 'doing nothing' though, that's a strange way to look at it.