Age you retired

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sport
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Re: Age you retired

Post by sport » Fri Sep 22, 2017 8:51 pm

Retired at 62. Work is a "four letter word". :twisted:

taguscove
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Re: Age you retired

Post by taguscove » Fri Sep 22, 2017 9:02 pm

Retired at 24. Almost any work out of college is a grind, and I took the chance to retire after receiving a substantial inheritance.

Bacchus01
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Re: Age you retired

Post by Bacchus01 » Fri Sep 22, 2017 9:18 pm

The number of answers in the 40s is surprising


What did you do and what kind of net worth did you have to do that? Did you have children?

LuckBeALady
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Re: Age you retired

Post by LuckBeALady » Fri Sep 22, 2017 9:31 pm

52 and 53 now, hoping to retire in 4 years if all goes moderately well.

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Mlm
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Re: Age you retiredi

Post by Mlm » Fri Sep 22, 2017 9:56 pm

I retired at 61 1/2 due to downsizing last year I had planned on working two more years but that's the way goes I think a lot of people end up leaving before they plan to for various reasons

It took me six months for the shell shock to wear off off
I'm doing well and and looking forward to Medicare @65
Last edited by Mlm on Sat Sep 23, 2017 7:33 am, edited 1 time in total.

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CABob
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Re: Age you retired

Post by CABob » Fri Sep 22, 2017 10:37 pm

63, 15 years ago.
to the OP, are you going to summarize or do something useful with the information?
Bob

staythecourse
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Re: Age you retired

Post by staythecourse » Fri Sep 22, 2017 10:49 pm

Bacchus01 wrote:
Fri Sep 22, 2017 9:18 pm
The number of answers in the 40s is surprising


What did you do and what kind of net worth did you have to do that? Did you have children?
Just to hop on that derail of the thread. How did the folks explain to the kids that you were retired at early 40's when you they were likely just in elementary school? This is a debate I have with myself of considering retiring that early. Then, of course, I like what I do and will likely work forever since work for myself so guess it is moot point for myself.

Good luck.
"The stock market [fluctuation], therefore, is noise. A giant distraction from the business of investing.” | -Jack Bogle

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jabberwockOG
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Re: Age you retired

Post by jabberwockOG » Fri Sep 22, 2017 11:13 pm

Currently 62 yo and retired.

38 years of pro IT career. Not even a week between various jobs I held over the years. At 60.5 I was more than ready to retire. I had planned to retire on my 60th birthday but I was provided with such a nice transition period at work (staff advisory position with trivial deliverables) so it made no sense to resign earlier.

It will be 2 years in January and I miss absolutely nothing about work. Mostly a full time fun hog, including lots of exercise and competitive sports, more socializing than we used to do, but also doing quite a bit of volunteer work in my community. So it turns out staying busy is way too easy and also very satisfying. The days, weeks, and months fly by...that has been the biggest surprise.
Last edited by jabberwockOG on Fri Sep 22, 2017 11:15 pm, edited 2 times in total.

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John151
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Re: Age you retired

Post by John151 » Fri Sep 22, 2017 11:13 pm

I retired from a state government job when I became eligible at fifty-five. My pension covers most of my basic living expenses, and income from my investments covers the rest.

emoore
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Re: Age you retired

Post by emoore » Fri Sep 22, 2017 11:18 pm

taguscove wrote:
Fri Sep 22, 2017 9:02 pm
Retired at 24. Almost any work out of college is a grind, and I took the chance to retire after receiving a substantial inheritance.
Ha!

heyyou
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Re: Age you retired

Post by heyyou » Fri Sep 22, 2017 11:53 pm

Retired at 55 in 2005, into the best years of my life. My various volunteer work days felt better than any day at my job. The euphoria lasted for most of a decade.

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wander
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Re: Age you retired

Post by wander » Sat Sep 23, 2017 4:43 am

lthenderson wrote:
Fri Sep 22, 2017 4:40 pm
ReadyToRetire wrote:
Fri Sep 22, 2017 12:58 pm
I was just wondering for those of you retired, at what age did you quit full time work?
By this definition, age 39. I do have a spouse that enjoys work and remains employed which provides for healthcare and living off their salary allows our nest egg to multiply many times over. I on the other hand just tinker around on hobbies that I enjoy. Now that my kids are getting older and more independent, I will probably go from tinkering to being more serious about my hobbies.
Your case sounds like a one-income family. Not retired.

J295
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Re: Age you retired

Post by J295 » Sat Sep 23, 2017 5:39 am

DanMahowny wrote: ↑Fri Sep 22, 2017 2:30 pm
2015 wrote: ↑Fri Sep 22, 2017 2:07 pm
60. Loving it. Busier now than before I retired. But infinitely more fulfilled.
This is my experience also. I have no idea how I ever had the time to work. My days are completely full. I don't understand how anybody could possibly be "bored" after they quit working.
Yep.

Part time at 53 and full retirement now at 58.

We had always planned for an early work transition starting way back when I started my work career.

Started investing in 1979. Friends and family say I worked hard, and that's true, but I believe there has been a lot of good fortune for things in life going our way.

Philippians 4:12

f4d
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Re: Age you retired

Post by f4d » Sat Sep 23, 2017 6:22 am

55 in 1996.
My English wife and I have had numerous trips to England, Wales, Ireland and Scotland. In our spare time, we have had 33 cruises, 383 days at sea since retirement.
jb

FCM
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Re: Age you retired

Post by FCM » Sat Sep 23, 2017 7:14 am

I retired from "megacorp" at age 66, which was 5 years ago. The day I retired was one of the happiest days of my life. Social security, a modest pension, a more than adequate investment portfolio, and a paid-off mortgage have made this quite worry-free for both me and my wife.

butch-xups
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Re: Age you retired

Post by butch-xups » Sat Sep 23, 2017 7:29 am

KSOC wrote:
Fri Sep 22, 2017 4:07 pm
Danlin wrote:
Fri Sep 22, 2017 3:27 pm
Retired July 28 2017. Age58. Put in 39 years with UPS. 37 fulltime as a pkg car driver. Needless to say this Christmas is going to be heaven!
:D
Good for you. Being in the transportation business I really felt bad for UPS & Fed Ex during the Holiday. Congrats!
I retired Dec.1,2012. Age 66. 36 years Feeder Driver, 2 years Package driver.
It's nice to look out the window and admire snow knowing I don't have to drive in it anymore. Also enjoy Christmas season .

carolinaman
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Re: Age you retired

Post by carolinaman » Sat Sep 23, 2017 7:46 am

I retired at age 66. I would have retired a few years earlier but 2008 happened and I wanted to recover some of my losses. For me this was the right time. I enjoyed my work and was in no hurry to retire. I am amazed that so many people retire in their 40s and 50s. I was not FI at those times.

MikeG62
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Re: Age you retired

Post by MikeG62 » Sat Sep 23, 2017 7:47 am

Semi-retired at 44 (in 2007) from big C-Suite level position - went from full time to part time. Fully retired at 53 in early 2016. DW and I are having the time of our lives, doing what we want, when we want, where we want. Traveling extensively and having life enriching experiences. We've never been happier.
Last edited by MikeG62 on Sat Sep 23, 2017 1:27 pm, edited 1 time in total.

scrabbler1
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Re: Age you retired

Post by scrabbler1 » Sat Sep 23, 2017 9:05 am

Bacchus01 wrote:
Fri Sep 22, 2017 9:18 pm
The number of answers in the 40s is surprising


What did you do and what kind of net worth did you have to do that? Did you have children?
I worked in the actuarial field for 23 years. Never earned more than $75k. In late 2008, when the markets were crashing, I retired with a NW of just over $800k. I had just cashed out about $300k in company stock (which had not crashed) to boost my non-retirement NW portion.

Happily childfree. Also single. No kids, no debts.

Bigbonds
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Re: Age you retired

Post by Bigbonds » Sat Sep 23, 2017 9:19 am

staythecourse wrote:
Fri Sep 22, 2017 10:49 pm
Bacchus01 wrote:
Fri Sep 22, 2017 9:18 pm
The number of answers in the 40s is surprising


What did you do and what kind of net worth did you have to do that? Did you have children?
Just to hop on that derail of the thread. How did the folks explain to the kids that you were retired at early 40's when you they were likely just in elementary school? This is a debate I have with myself of considering retiring that early. Then, of course, I like what I do and will likely work forever since work for myself so guess it is moot point for myself.

Good luck.
Early retirement and being child free go together like peanut butter and jelly. :D

RadAudit
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Re: Age you retired

Post by RadAudit » Sat Sep 23, 2017 9:23 am

Left employment at 63, almost 7 years ago. There's some debate about if I ever actually worked - so retired may not be the right word in my case.
FI is the best revenge. LBYM. Invest the rest. Stay the course.

keystone
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Re: Age you retired

Post by keystone » Sat Sep 23, 2017 9:31 am

I am currently 43 and my plan is to retire by 49, although I am seriously leaning towards working 3 days a week at 45, which may push back my full retirement a little bit.

BigLaw Survivor
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Re: Age you retired

Post by BigLaw Survivor » Sat Sep 23, 2017 9:37 am

Retired from BigLaw after 27 years, two weeks before my 54th birthday, at the peak of my earning years. Been retired for over two years now. ZERO regrets.

AlwaysaQ
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Re: Age you retired

Post by AlwaysaQ » Sat Sep 23, 2017 9:38 am

54 and 3 months. Single, never had children, parents deceased. I had cancer surgery the year before. Good benefits from the company after retirement including health insurance until Medicare and supplementary health insurance after Medicare until the Great Recession. I still get a small Health Reimbursement Account.

book lover
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Re: Age you retired

Post by book lover » Sat Sep 23, 2017 9:38 am

Retired from full time work at age 55 and have been doing a little PRN work which is winding down. Current age: 59.

rikki
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Re: Age you retired

Post by rikki » Sat Sep 23, 2017 10:01 am

Took a year off at age 55, then worked two different jobs sequentially until age 58 when I retired for good.
Retirement has been busy and fulfilling so far (2 years in).

2015
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Re: Age you retired

Post by 2015 » Sat Sep 23, 2017 10:07 am

jabberwockOG wrote:
Fri Sep 22, 2017 11:13 pm

<snip>

The days, weeks, and months fly by...that has been the biggest surprise.
My experience as well!

HongKonger
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Re: Age you retired

Post by HongKonger » Sat Sep 23, 2017 12:06 pm

41 - four years ago. Single and childfree.

Bacchus01
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Re: Age you retired

Post by Bacchus01 » Sat Sep 23, 2017 12:37 pm

scrabbler1 wrote:
Sat Sep 23, 2017 9:05 am
Bacchus01 wrote:
Fri Sep 22, 2017 9:18 pm
The number of answers in the 40s is surprising


What did you do and what kind of net worth did you have to do that? Did you have children?
I worked in the actuarial field for 23 years. Never earned more than $75k. In late 2008, when the markets were crashing, I retired with a NW of just over $800k. I had just cashed out about $300k in company stock (which had not crashed) to boost my non-retirement NW portion.

Happily childfree. Also single. No kids, no debts.

I'm curious what your NW is now.

No kids is a big deal. Not that I regret mine in any way, but our youngest has 10 years to go til graduation and hopefully 4 years of college after that. I don't want to work that long!

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boomer
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Re: Age you retiredi

Post by boomer » Sat Sep 23, 2017 1:23 pm

Mlm wrote:
Fri Sep 22, 2017 9:56 pm
I retired at 61 1/2 due to downsizing last year I had planned on working two more years but that's the way goes I think a lot of people end up leaving before they plan to for various reasons

It took me six months for the shell shock to wear off off
I'm doing well and and looking forward to Medicare @65
Haha, it took a year for the shell shock to wear off for me. I retired at 60.5. Had not planned on that but as you said that's the way things worked out. Have saved well, so it's ok. :happy
Spouse is still working though he is older; I am on his healthcare policy. Will probably need to buy a few years of private insurance before Medicare kicks in, as he is starting to murmur about retirement, too. :wink: He is 65.

scrabbler1
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Re: Age you retired

Post by scrabbler1 » Sat Sep 23, 2017 1:47 pm

Bacchus01 wrote:
Sat Sep 23, 2017 12:37 pm
scrabbler1 wrote:
Sat Sep 23, 2017 9:05 am
Bacchus01 wrote:
Fri Sep 22, 2017 9:18 pm
The number of answers in the 40s is surprising


What did you do and what kind of net worth did you have to do that? Did you have children?
I worked in the actuarial field for 23 years. Never earned more than $75k. In late 2008, when the markets were crashing, I retired with a NW of just over $800k. I had just cashed out about $300k in company stock (which had not crashed) to boost my non-retirement NW portion.

Happily childfree. Also single. No kids, no debts.

I'm curious what your NW is now.

No kids is a big deal. Not that I regret mine in any way, but our youngest has 10 years to go til graduation and hopefully 4 years of college after that. I don't want to work that long!
NW is nearly $1.5M. It is nearly all in mutual funds because the co-op apartment I own is not worth a whole lot.

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friar1610
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Re: Age you retired

Post by friar1610 » Sat Sep 23, 2017 5:35 pm

From the Navy at 51. Worked 7 years afterwards in corporate jobs and retired for good at 58. Although I socked away a good amount of money during those 7 years, I probably should have gone for a more satisfying 2nd "career" even if it meant lower pay and a few more years of work.
Friar1610

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lthenderson
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Re: Age you retired

Post by lthenderson » Sat Sep 23, 2017 5:48 pm

wander wrote:
Sat Sep 23, 2017 4:43 am
lthenderson wrote:
Fri Sep 22, 2017 4:40 pm
ReadyToRetire wrote:
Fri Sep 22, 2017 12:58 pm
I was just wondering for those of you retired, at what age did you quit full time work?
By this definition, age 39. I do have a spouse that enjoys work and remains employed which provides for healthcare and living off their salary allows our nest egg to multiply many times over. I on the other hand just tinker around on hobbies that I enjoy. Now that my kids are getting older and more independent, I will probably go from tinkering to being more serious about my hobbies.
Your case sounds like a one-income family. Not retired.
The OP worded their query "at what age did you quit full time work?" That is why I said "by this definition" I quit full time work at age 39 which is the truth because I have no need to ever get a full time job again. My response wasn't geared towards your definition.

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burt
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Re: Age you retired

Post by burt » Sat Sep 23, 2017 6:17 pm

Retired at age 60.
Not busy....... and that's the way I like it.

burt

harrington
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Re: Age you retired

Post by harrington » Sat Sep 23, 2017 8:24 pm

Lost my job at 49 and decided to look after my aging parents instead of going back to work. That was 7 years ago and I wouldn't trade the experience for anything.

Joeko
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Re: Age you retired

Post by Joeko » Sat Sep 23, 2017 8:38 pm

54...Not retired yet. Plan on going part-time next year, the. Full retirement at 59.5

nalor511
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Re: Age you retired

Post by nalor511 » Sat Sep 23, 2017 8:46 pm

age 32.5, worked full time for 11 years, part time for 9 years before that, no inheritance or starting capital
Last edited by nalor511 on Sat Sep 23, 2017 8:49 pm, edited 1 time in total.

ready53
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Re: Age you retired

Post by ready53 » Sat Sep 23, 2017 8:49 pm

I'm 64 and 3 months and will be retiring in 9 weeks. Received a package from Megacorp after 39 years of service. Looking forward to the next chapter in a big way.

Ruger
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Re: Age you retired

Post by Ruger » Sat Sep 23, 2017 11:27 pm

61.5 years old.
I constantly have people asking me to work part time for them, but so far I have had absolutely no interest in doing so.

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kramer
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Re: Age you retired

Post by kramer » Sun Sep 24, 2017 1:40 am

I retired at age 41.

My professional career was 11.75 years long. I have been retired just over 10 years now and am quite happy, and I got to travel around the world over the last decade. No paid employment since retirement.

pc95
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Re: Age you retired

Post by pc95 » Sun Sep 24, 2017 2:22 am

[quote=ReadyToRetire post_id=3543387 time=1506103083 user_id=113456]
I did a quick search and found that this question was asked before, but I couldn't find a recent thread. If anyone knows of one, please direct me to it. And thanks.
I was just wondering for those of you retired, at what age did you quit full time work? Or if you haven't hung it up yet, what age do you plan to?
[/quote]

I'm planning on either 47 or 57 years old. It's a very difficult decision actually. There's a trade off. What it boils down to is having either (currently approx 75% paid) health-care benefits from 57 until death or 10 years of early retirement with no health care benefits (except later medicare). Have not decided yet, but have more time before 47 to think about it.

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Jim85
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Re: Age you retired

Post by Jim85 » Sun Sep 24, 2017 6:26 am

Been FI for a while and semi-retired 2.5 years ago at 59. Work now Tues-Thurs and still get healthcare benefits, prorated leave. Some weeks I enjoy working, some weeks it's a PITA and I think...why I am I doing this? Not going to last much longer but I think I said that last year.

retired early&luv it
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Re: Age you retired

Post by retired early&luv it » Sun Sep 24, 2017 7:07 am

56.5. A few years before I retired I had set a target of 57 but I got a new boss and I decided an extra half year of work was not worth it.

I became unemployed for over a year and a half back in the 1980s during the last time that unemployment was over 10 percent. Reaganomics wiped me out financially and I had to start rebuilding my career all over again from scratch. That turned me into one of those people that abhor debt and live very frugally because I was saving like mad to build a safety net for the next time I became unemployed. Needless to say, I never saved a penny for retirement but instead just saved to build a safety net. But by the time I was in my early 50s and had not needed to spend any of my safety net, I figured out that I was pretty close to financially independent. I retired over seven years ago and am financially independent.

I have known several people that retired early, but they got bored too easily and went back to work because they needed more structure in their lives. Retirement is a huge culture shock, you need to figure out what to do with your time.

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Blues
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Re: Age you retired

Post by Blues » Sun Sep 24, 2017 7:13 am

I put my papers in a month before I turned 51. Haven't looked back and net worth has only grown since leaving the job. :beer
“Tactics without strategy is the noise before defeat.” - Sun Tzu | "Everybody has a plan until they get punched in the mouth." - Mike Tyson

22twain
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Re: Age you retired

Post by 22twain » Sun Sep 24, 2017 7:18 am

58 - forced semi-retirement (still technically full time but reduced duties and much lower pay) because of employer cutbacks
63 - complete retirement (with employer's retiree medical coverage until Medicare)

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tennisplyr
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Re: Age you retired

Post by tennisplyr » Sun Sep 24, 2017 7:35 am

61....work is overrated.
Those who move forward with a happy spirit will find that things always work out.

traineeinvestor
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Re: Age you retired

Post by traineeinvestor » Sun Sep 24, 2017 8:56 am

Age 47 in 2013.

Could have gone a couple of years earlier but preferred the peace of mind with knowing that I've over engineered my retirement finances.

curmudgeon
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Re: Age you retired

Post by curmudgeon » Sun Sep 24, 2017 1:50 pm

Retired at 58. Could easily have gone a few years earlier or later, as both the work environment and the finances were in good shape, but this felt like the right time.

nodenuff2
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Re: Age you retired

Post by nodenuff2 » Sun Sep 24, 2017 2:06 pm

Retired after 42 years with the same company unheard of in today's environment. Been retired 4 years no going back. 64 when I left.
2014 No. 42 2015 No.342 2016 No. 6 what do I know? "Good bless America land that I love..."

CZjc1330
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Re: Age you retired

Post by CZjc1330 » Sun Sep 24, 2017 2:33 pm

I am stunned by the number of people who retired in their 40s and 50s. I hoped you have enough. Three years ago I bought our residence for one million -- cash -- from a man who retired at age 55. He had not been able to keep up his maintenance for 5 years ie, pool, roof, air conditioning, yard, ETC all run down. He had his house on the market for three years, kept lowering the price. He told me, "I thought I was set, never should have retired at 55, have run out of money, etc" So to each his own. Unless you are physically impaired I would not suggest early retirement. Best work a few more years. The Golden Years are golden if you have the GOLD ! I retired at 70 am presently nearly 83. Wonderful not to have financial worries. We live within the 4% rule. Always lived within our income. Invested 15% of gross in Index funds. Thank you Mr. Bogle.Good luck to all.

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