What age do you think you will retire by?

[SleepDreamThinkHuge]

I am close to 30 and I have read reports during my time retirement age could easily reach 75. Currently have no savings, investments or pension contributions due to needing money for unexpected circumstances. Gaining experience in the public sector now it things go well and I can progress hopefully a better salary in the next few years which should help me save more and invest my money. Realistically the latest I would like to stop working full time is by 60-65. I do not mind working part time after 65. However that depends how much I can save, salary progression etc..

When do you think you can realistically fully retire by or work part time only?

I have a good private pension owing to the fact that until I had kids me and ex were both in well paid jobs. In my late 40s now and 2 teenage boys. I'd love to retire mid-50s or do something just for a few hours a week for fun. I think I'll have to see how it goes though. I worry about the future a bit too much.

I’m 55 and think I won’t be able to consider retirement until at least 67. I’m enjoying my job at the moment so this doesn’t worry me. I still have kids at sixth form and will need to see them through the next few years to get them a bit more established in life before I stop earning. But I am hoping to be able to wind down a bit and relax more as the kids turn into adults , less ferrying them about once they can drive for example.

55. I've got savings and no mortgage. I'm planning on living a quiet life and if things get to tough then I will take as much equity out of the house as possible to top up

I’m 50 and only have state pension

i reckon I’ll be working for as long as I am alive, at least part time

my mum still worked 3 afternoons until age 80, it kept her mentally young and connected to modern life

I probably wouldn't retire till DH does, what's the point ? We run our own business and I guess I could employ someone to do my job but I actually enjoy it and I get to work opposite my best friend (DH) . Somedays I'm in the office at 8am - 6pm somedays I just pop by . I'm 56 this year DH is 45...so it's going to be a while untill we can drive off into the sunset.

I’m not convinced that I ever will
retire. I might be able to drop down to PT at some point but I think I’ll be working til I die.

I hope that I'm still working 2-3 days a week past 70.
The people I know who have worked past 'normal' retirement age (even in tough physical jobs) seem so much more vibrant and engaged. And the extra money is nice too.
You need good health for it obviously, which you can only do so much to influence.

60 - 62

I don't know, I fear I'll be working til I drop. It's been bittersweet seeing so many colleagues in their early-mid sixties retire with great pensions (and tons of benefits up to then) knowing it's probably not in the cards for me. Wrong bloody generation.

60. I've been working towards this since I started work. 5 years to go. I can go from 55 which means if I need to I can retire now although on significantly reduced pension.

I reckon 67. I am 51. Thank god I quit teaching last year and now have a wonderful desk based/hybrid job that I love and bar any unexpected issues, I can continue in this until then.
If I was still teaching- I reckon I would be dead by 67...

It will be full retirement at 55, but will start winding business down at 51.

I'm aiming for 58

Increased my hours during covid
to 32.
Hoping to work proper part time from 55, even if I take a pay cut. Would like to retire by 62 ish. But who knows, could be before or after.

My father retired in his fifties. Didn’t have good health, he couldn’t have carried on as he passed away before age 70.

I think about this far too much than is healthy! I'm not the happiest at work it's fair to say, but it's got lots of flexibility which I need right now.

I'm 47 but mortgage is another 20 years, trying to balance overpaying vs contributing more to pension vs enjoying life now and of course cost of living comes and bites us on the bum.

Ideally part time not long after 60, kids would hopefully be self sufficient and frees up time to down size.

This.

I was speaking to an older sibling yesterday about retirement. We actually have an older sibling and their spouse who are retired but are still working PT in a different field.

We also both know people in their 70s and 80s still working. Some work 2-4 days a week, while others seen to work a few months in the year but full time when they are working.

However they are people who own their own businesses, work freelance or do office jobs where they have at least some control of their work load. (In fact one shop owner died last year in his mid-80s.He was working in his shop right up until his death. )

Never.

Dont have a pension (someone spent it propping s failing company o once worked for) I don’t have enough years for a state pension

I’m nhs…..retired and returned on 2 days at 56…..will retire completely next year at 59

I do know people who retired early and I must admit I wouldn’t want to do that.
They seemed to go down hill very fast.
It would be nice though to have some income I didn’t have to physically earn each month.

I would hope to be thinking about retirement at 50, 55 absolute latest. That’s just from full time, compelled hours though, I’d image I’ll still do freelance or self employed work when I felt like it.

If I don’t retire then I’ll never get to retire at all and just die in service.

All my colleagues have gone at 55 to 59….not one has ‘gone down hill fast’🙄….they are all loving life….festivals…holidays…big overseas trips….long walks….garden projects…..enjoying grandchildren…..no one has time for work any more….,i have taken pension and have dropped to 2 days …..even 2 days is too much now…..be glad to go compeketeky at 59 next year

I retired at 57. Took voluntary early retirement so got redundancy as well as no penalty for taking pension early and I’ll get retirement pension when I’m 66. Best thing I ever did. When I was younger it was stressed to us how important it was to pay into a private pension which I did from the age of 19 and I paid extra into it once I got to 50 and kids were no longer dependant. I was a single parent. Im not rich, but live comfortably and when I get my retirement pension my income will match what my wage was. I’ll say the same to you as i was told. Always pay into a private pension or whatever other long term option there might be nowadays as when you are in your 50’s and seriously considering when to retire , you won’t regret it.

I'm 60 and same. Being a single mum of 4 didn't lend itself to private pensions. I do like working tho so it's all ok!

I’ve been thinking about this since now my response. I guess it depends on how you define “retired”.

As I said upthread, I want to “semi-retire” by 57, but for me that might still mean full time employment. It just won’t be the full-on job I do now. TBH I am genuinely concerned as to whether I would be able to make it that long.
It would fully depend on me still having access to HRT, and on various medical problems not getting too much worse.

So at 57 and in a less full on (but still full time) job I would consider myself semi-retired because I wouldn’t have the same financial pressure. I would have a much smaller mortgage and wouldn’t still be paying kids uni.

I said I would then go part time in my 60s. But the reality is I can’t see me wanting to stop, assuming I was in a part time job I enjoyed. And I guess that is akin to what you sad in your OP @SleepDreamThinkHuge

Of course my concern is that I would be at the mercy of the employment market, and my health, at that point. And I do expect there to be a massive backlash of ageism by that point, with younger generations complaining that the oldies are using up all the jobs.

60, but that's only a couple of years away. Don't rely on a state pension - invest as much as possible in a private pension when you are young.