Retiring early

[tripods68]

http://freedomwithbruno.com/financial-independence/

How close are you from retiring?

I'm about 10 years.

[corn18]

9 years if all goes as planned. 5-6 years if I save like crazy.

[Singuy]

Are we talking about the 4% rule?

I'm not sure if retiring early is our goal anymore. Using the 4% rule, we can retire today. Sell everything we have and rent a house.

But we are given an opportunity to build a legacy for our family so maybe that'll be our goal instead. Have enough of a nest egg that will last through generations.

[disneysteve]

My hope all along has been 62 which is just over 10 years. I'm in the process of a possible job change which may accelerate that if I really dive into the new position full force. Even if I only do it part time, it will still speed up debt repayment and boost savings which can knock a couple of years off the career.

Of course, the other advantage of the new job is it can easily be done on a part time basis so it's something I can continue to do on a limited basis even after I "retire" from full time work. I can see myself working a day or two a week even in "retirement".

[dawnwes]

If I had not stayed at home to raise kids, I would be looking at 12.5 years. However, if I really want the full retirement benefit now, I am looking at a full 20 years.

DH is looking at about 20 years as well.

We will not be retiring early.

Now, COULD we manage by retiring in 12-13 years? Yup, we could. But we have done the math and will be much better off if we wait.

So far we are healthy and willing and enjoy our work.

[dawnwes]

My hope all along has been 62 which is just over 10 years. I'm in the process of a possible job change which may accelerate that if I really dive into the new position full force. Even if I only do it part time, it will still speed up debt repayment and boost savings which can knock a couple of years off the career.

Of course, the other advantage of the new job is it can easily be done on a part time basis so it's something I can continue to do on a limited basis even after I "retire" from full time work. I can see myself working a day or two a week even in "retirement".

My dad is 82 and "retired" but still does a lot of consulting.

[Nutria]

Wow...I still have another 20 years to go, but if I could get an early one if I win the lottery

If you want your daughter murdered and granddaughter wrapped in a tarpaulin and dumped behind a junked van.

[feh]

How close are you from retiring?

Becoming a part-timer this summer. Have enough saved to fully retire, but want to ease into it.

[Joan.of.the.Arch]

If you want your daughter murdered and granddaughter wrapped in a tarpaulin and dumped behind a junked van.

What the hell?

[phantom]

I think about exiting the work force a lot. But, the question always seems so much more complicated than, "How much longer do I have to keep doing the exact same thing before I don't have to do anything at all?" If that were the question, I think the answer would be "less than 15 years." But, I think the reality is that either my husband or I is going to start working less and parenting more sometime before that and that one or both will still be working well after that.

[Nutria]

What the hell?

https://en.wikipedia.org/wiki/Jack_Whittaker_(lottery_winner)

His granddaughter was murdered in 2004, and daughter in 2009.

[ESMonitor]

I have no plans to retire. As long as I can take time off here and there I plan to work for the long haul. Part time status in senior years sounds good to me.

[97guns]

im in my 7th year if retirement and havn't been bored one second of it.

no pension, social security, nobody owes me anything. i don't depleat
savings for living expense and my investments grow without adding to them

[tripods68]

im in my 7th year if retirement and havn't been bored one second of it.

no pension, social security, nobody owes me anything. i don't depleat
savings for living expense and my investments grow without adding to them

I figured our retirement income needs to between $50-$60K a year. About $30K of it will be servicing our core expenses (food, utilities, taxes, etc) assuming mortgage fully paid.

How much do you know need to live on a year without drawing any of your investment?

[sv2007]

im in my 7th year if retirement and havn't been bored one second of it.

no pension, social security, nobody owes me anything. i don't depleat
savings for living expense and my investments grow without adding to them

The way I understand hard assets like gold is that it doesn't generate anything unless you sell some of it. Currently, gold is kind of low compared to the time you retired, what's your strategy?

I'm into my 2nd year of retirement. Loved it at first as we were able to take vacations unrestricted by my work schedule; but the one thing I had really wanted to do, I couldn't. If the economy is going to tank soon, maybe it is best to go back to work; we built most of our wealth during past downturns.