Posted on Aug 2, 2017
At what age do you want to retire, and at what age do you believe you'll actually be able to retire?
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My parents never planned for their retirements and they'll probably never be able to stop working. This lead me to start squirreling a little away from an early age. I'm hoping it pays off in another 3 decades when it's time to hang it all up. I'm hoping by 65-67 I'll be in a position to retire. At what age are you planning on retiring or when did you retire if you're already there?
Retirement
Military Career
Civilian Career
Posted 7 y ago
Responses: 28
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I'm planning for 59 so I still have some active travel time available. I think I can do it financially...the question for me is whether I can stay busy enough to avoid the boredom trap.
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CSM Charles Hayden
Col Joseph Lenertz Not necessarily boredom, but after burying the first wife, I felt I was not contributing to society in my retirement. In-between travels with the 2nd wife, I became a volunteer income tax preparer for 12 years or so. That vocation vanished when she "caught" Alzheimer's! Now - -- I try to take care of my self and not FALL!
Subsequent to my retirement at age 55 in 1989, I have not enjoyed any reportable earned income. Retirement income and investments properly managed, enable me to maintain a respectable lifestyle.
Learning to spend one's savings and current income is an art and task beyond many 'working people'. There is no longer a need to save for those kids! Most children will dissipate those savings in a heartbeat. Not mine; I am even spending their principal!
After a lifetime of quibbling, shopping, shopping, shopping and seeking lower prices as I did forever, if I want IT, I buy IT! As I said, spending YOUR money is a learned skill!
Listen to/read Dave Ramsey, save, invest and avoid paying interest!
LTC Stephen C.
Subsequent to my retirement at age 55 in 1989, I have not enjoyed any reportable earned income. Retirement income and investments properly managed, enable me to maintain a respectable lifestyle.
Learning to spend one's savings and current income is an art and task beyond many 'working people'. There is no longer a need to save for those kids! Most children will dissipate those savings in a heartbeat. Not mine; I am even spending their principal!
After a lifetime of quibbling, shopping, shopping, shopping and seeking lower prices as I did forever, if I want IT, I buy IT! As I said, spending YOUR money is a learned skill!
Listen to/read Dave Ramsey, save, invest and avoid paying interest!
LTC Stephen C.
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Col Joseph Lenertz
CSM Charles Hayden - I think I'll need a volunteer gig as well, so I appreciate the great advice.
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CPT (Join to see)-Great question to the community. I will be 38 when I retire from the Army, and I plan to be fully retired as all working operations will cease for me at age 50.
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MSG Andrew White
SOUNDS EASIER THAN IT IS SSG LEWIS> I RETIRED TWICE AND ON MY THIRD (ALREADY CAN)!!! BUT IF INSURANCE AND COST OF LIVING KEEP GOING UP, IT MAKES IT HARD!!! BUT YOU SOUND CONFIDENT!!! GO FOR IT!!
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I am a member of the check of the month club but at 52 my wife and I are starting to look seriously at this question. I think we are in that time from 63 to 67. Not much latter and maybe partial retirement earlier if something happens in this gig. We have our 401Ks primarily, some ROTH IRAs, and I believe Social Security will still be around in some form. Both of us have documented social security withholdings since we were 13.
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