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?

Recently started essentially a totally new line of my career at 40. I love it and it’s well paid. I am not totally sure how I’ll be viewed and treated in the industry by 60 but could probably aim to retire at 55. Just don’t think I’ll want to. But maybe this is a good conversation to be having now. I need to think about what my work life will look like after 55.

I am working part time age 72.its a joy!! Those who stop working start aging. I do 2 1/2 days in a busy supermarket. The girls and I have good fun, keeping young, money good and good work life balance. The oldest there is 80 I think

Age 60 NHS pension. Mortgage will be paid off in 5 years time. Will probably continue to work 1 or 2 days a week until age 67 as I would love to travel and see the world. Had my kids young. I’m 50 years old

60, hopefully. Am 53 now and have paid into a pension all my life. Pension pot of just over £400k at the moment which probably isn't enough but will grow over the next 7 years.

@SleeSleepDreamThinkHuge if you are working in the public sector you are mad not to be paying into their pension scheme. You are missing out on £££ of very generous employer contributions PLUS it offers Life Assurance and a payout if you were to die in service. Cut back elsewhere but enroll back into this tomorrow!

I am 51 amd also very tired. Still looking after 4 teenage kids though. I have been daydreaming about retirement but I do think once they have all gone to uni or left home I might feel differently. What I mean is, working without the additional stress of being responsible day to day for the children might be something I will enjoy for a while.

Other dimension for me is that I work in an industry with high redundancy risk. So it's likely I will get made redundant and struggle to find work at some point.

Current thinking is 57 to allow at least a year of work with no kids at home!! So another 6 years...!

Not until at least 70. I spent my 20s doing higher degrees and travelling and then in my 30s took 3x 12 months worth of mat leave. My husband was self employed in his 20s so didn't have a work pension (he had a private thing but Ive never asked specifics though). We both have good workplace pensions now but need to pay in lots over the next 30 years (we are nearly 40) to make up for not starting paying in in our 20s. I don't really think retirement will be a thing by the time we get there anyway.

Can’t see myself retiring. Had my son late in life. I’ll have to keep working to support him. Had a laugh in my 20s, though, so I consider that as my “time off”. I’ve always kind of done the opposite to what you’re supposed to do in life. Hopefully it will all work out...

A colleague has just retired at 55. He's signed up to do an OU course so that'll keep him busy.

You know you'll get salary and state pension?

I’m a 53 year old teacher with most of my pension accessible at 60, or sooner with actuarial reduction. I aim to stop working full time at 55 and may just leave completely unless things improve from the current situation. I’m a marker for 2 exam boards and teach a subject that is in demand for tutoring (as well as in school) so should be able to supplement my pension. I’d like to apply to be a magistrate too.

I’m 52. I’m thinking late 50s as my husband is 6 years older than me. I was a teacher but left as I knew I couldn’t continue in that until I was 67. My current role is much better in terms of work life balance so I think I can continue for longer than I would have if I stayed in teaching if I need to.I have good occupational pensions but I can’t access them until 65 without actuarial reduction. To cover this I have been saving into a SIPP for several years to cover this period before I can get my pensions. It depends on how much I save and how well the investments do as to when.
My dad died suddenly after retiring at 65 and that has shaped my thinking on this. My parents had made lots of plans for retirement and none of them happened. I think I would like to spend some time enjoying myself while my health is good.

I retired at 59 due to ill health. This meant I got an enhanced pension, but as I'd worked part time since 2008 because of my health it wasn't as large as it would have been had I worked full time. My mortgage was paid off ten years before retiring, and money that would have gone to that invested since. My poor health/disability and that of my husband meant that we always knew having to retire early was a real possibility, and planned accordingly.

@unchienandalucia I wouldn't set much store by any report from the IEA which basically says people should work until they drop, seeing as they are a climate change denying, pro complete abolition of the NHS bunch of charlatans.

I’m in pretty much the same position!

I’d like to be part time by 55, and definitely not working past 60, luckily my new job means I can up my pension contributions with that in mind.

I'm currently 54, looking to retire at 56/57. No way I want to work into my 60's.

Currently over paying the mortgage and will downsize to release equity at some point.

I’m 35, a SAHM, have no plans to ever work again

Have been majority self employed all my life but with part time work in schools to supplement (arts). Have a dc pension that I am increasing payments into and hoping to drop the schools and go down to 1 day per weekish self employed between 57 and 60 but carry on into my 70s like this.

Why? And what will you do once the kids are older?

I like to think 60, 62 latest but both kids are at uni so need to see how we are financially once they are more independant. Tbh I can see us having to supplement them for quite a while. They have savings for a deposit for a house, but I’m not sure that is enough in todays climate. I think they’ll need support for paying rent/mortgage too.

Be a lady of leisure!

im trained in a very very low paid job (care work). I wouldn’t be able to go back to this due to back issues.

I left school with next to no qualifications, if I wanted to retrain I would have to re sit my G.C.S.Es as you need them up to a certain grade as a bare minimum to even do any retraining.

dh is a high earner, i own half of the company he runs. I’m mortgage free, so have no plans to do low paid work ever again. Unless I really had to of course.

I'm early 60s and still don't know! I've worked part time though for the past 20 or so years - 0.6 at first, 0.8 now. I still have dependent children. I have a good workplace pension and can take state pension at 66, also a good salary for a part timer. DH has no private pension but owns a business he could potentially sell. Plus we have a large house in a fairly wealthy area so could/ would downsize.

I do like working, though have recently been less enthused about my job - could be a blip.

I'd like to travel more but with a child still tied to school term times and not necessarily willing / able to be left at home, it isn't a good time for that yet.

The thought of voluntary work doesn't appeal- why work for nothing?

More time for hobbies and lunches with friends would be nice but I have a day a week I can do those things anyway and it would probably lose its allure if I could do it everyday.

I'm waiting for a reason to make a decision and hoping I stay fit and healthy.

I’m 48, hoping to reduce to part time mid 50’s and then will just carry on I think for as long as I can.

State pension isn’t until 67, do have work pension which is okay but not wonderful. Once both dses are through university we should be able to afford for me to reduce my job stress and hours.

DH is 63 and already retired with a pension we won’t see the like of in the next generations. It’s still tough though as our income has reduced but with 2 dses to support at university, outgoings have gone up massively so no option for me but to keep going in my godawful high stress job for now.

^ this is 100% my plan too.

@Doyouthinktheyknow

outgoings have gone up massively so no option for me but to keep going in my godawful high stress job for now.

Seeing as retirement will be 67 for you is there no possibility of DH doing some part time work to supplement his pension & enable you to get something less stressful?