What age would be your ideal time to retire?

[LoveToGiveAdvice]

Just daydreaming here - what would be your ideal age to retire ?

I am thinking soon - 40, but this because I have small children and it would be lovely not having to stress about work (on top of all the other life stress)

About 65, if I get that far. I’m 60 now.

I’m 60 looking to reduce my hours then retire at 62

I think it’s just the timeline that scares me, you live life hitting milestones like education, marriage, house, babies, career, then it’s celebrating the milestones of those things, retirement’s the last thing and I guess to me at this stage of life that just sounds quite scary! I play the sims and it’s a really fulfilling game until they become old, they become boring, overherted and get up too early 🤣🤣 (I’m joshing before anyone comes at me saying I think people are like that) my grandparents died quite young and my parents haven’t retired yet so I think I just think of it as a very old person thing right now and maybe when my parents model some enviable retirement behaviour I may feel different!

All the people saying they retired under 50…I just find that odd, surely you haven’t retired, you’re just unemployed with means of independent wealth?! Lovely but not really retirement.

Would quite like go at 65 but have to wait til 67 and may still need to work part time then.

I think anything from 60 is sensible. I am 60 later this year, however I will continue working for 2 or so more years, then cut back to very part time. I am self employed anyway, so reducing my work will be easy in actuality. That said it's the social aspect and using my brain to make a difference that I will miss. I have already spent years volunteering so not sure how much more I want to do.
financially I will be ok & have some gorgeous grandchildren, so I expect all will be well. I think a gradual winding down is the way to go for me.

I retired at 54 and 8 months. Can highly recommend it.

Probably 70

And still work part time

Later this year - 55. After having nearly lost my life twice last year, it’s time to prioritise living life while we can, & while still fit enough to do the things we want to do.

Technically anything before you pull on pension is living on independent means but the definition of retirement is a permanent withdrawal from a working life, so anyone can retire at any age if they don’t go back to work.

Its only a waiting room to death if you choose it to be. For many its the opportunity to get fitter, travel, do hobbies you had no time for and spend time with family.

Right now I could say tomorrow (I’m 42), but realistically I can’t afford it. I will probably be able to retire from 58 but am aiming for somewhere between 60 and 65 depending on health and whether work is really pissing me off or not. Not 67 which is my state pension age, though!

I retired at 57. I'm now 61 and feel so much better/healthier than when I was stressed out from work. No regrets at all.

I’m not sure it’s retirement op at 40, it’s more you’d prefer to be a stay at home parent or housewife ?

im 57 and retiring in a few weeks, I am very excited about it.

Retired at 54 & 9 months old.

Tomorrow.

But will try to hold out for another 2 years until I’m 60 as it will be much better for me financially.

This is a bit of a silly thread - a bit like asking whether people would work if they were independently wealthy and didn’t need to work.

Most people can’t afford to retire early as you need a massive pension pot to do so.

By 55, which is next year. I should be able to do it once bonuses have been paid at the end of March. I am considering taking several months sick leave though as I am burned out and cannot keep going.

I’m 55 and probably have another 9 years to go. Serves me right for having a baby at 41! And delaying the start of a salaried job with lots of postgrad study in my 20s…. I also really enjoy my job, but my longstanding peers /friends are beginning to retire. I might be the last old timer standing!

I'm planning for 55. I pay a considerable amount into my works DB pension and also have a SIPP.

Factors in my earlier retirement are my very fit DF passing away I'll in his early 70s and my job being extremely emotionally taxing. I want an active retirement.

The way this week’s going, the ideal time would be in 10 minutes.

The reality is another 10-12 years, but I’d love to be able to retire in 6 years 😭

This!

I always dreamed of retiring and thought I could at 60, bit of a shock as regardless to want the Government said, I wasnt told I had to carry on til 66.
Anyway I retired at 66 and im 71 now. My DH dosnt retire for another 3 years ( yes a toy boy🤣).
If you can retire around 50ish I would say do it unless you love your job, which I didnt, and was counting down the days until I could.

I am hoping for 60 or early 60s (currently 43). DH is 7 years older so we would ideally like to retire at a similar time; I figure if I wait until 67 he will be 74 and that will potentially make a big difference to his wellness and the things we’ll be able to do together, mainly travel. I’d be ok with reduced hours from 60, though don’t work FT now as DS is only 6. Planning to increase hours when he starts secondary.

Already done, age 63. I didn't retire as such - just packed in as I'd had enough (Charity Sector). I've not regretted it.