Current Events > Realistically, do you think you will ever retire?

(+) Yeah! (+)

Unlikely unless I either win the lotto or get extremely lucky to get big money on an investment

No lol

I don't want to retire. I do wish I could work less though.

Absolutely not. The way my financial situation and job prospects are as it is, even if I were to somehow go back to school and get a degree to fluff my resume up, I'll never be able to live independently.

Nooooo

nah

Yeah, our plan is to retire once our youngest kids are in college other than my wife almost assuredly still day trading.

I'm expecting that after I'm dead, they'll prop up my corpse on a forklift and have it work for another 3 years

evilpresident posted...

I'm expecting that after I'm dead, they'll prop up my corpse on a forklift and have it work for another 3 years

well they do need people to fill jobs and they didnt necessarily say being alive is required

Hoping to by my early 50s by cutting back costs and moving somewhere cheap.

i'll have to. sooner rather than later, my physical limitations will prevent me from doing meaningful work

I dont expect to live that long.

Yeah, I should be able to retire between my 401K, pension, and social security (lol as if that'll be around.)

I dont want to make it to 65 with the pain and problems Im already in now.

Im easily on track to, but its hard to say how the future climate will impact that

I bet society will collapse before then

Yeah my brain is only gonna work another 15 years or so I bet if Im lucky

probably die at the office answering emails

Possibly, but only because I managed to buy a nice house at 26 and don't ever plan on selling it.

Also have a 401k but I just started it this year at 30 and only put like 3% in.

Yeah I'll have a pension, 401k, and social security (SS will TOTALLY be a thing when im older, let me O.D on my copium).

Yes. Bought a house at 25, and DINC. We both make good money, and I plan to attempt to retire at 50 so I can enjoy the outdoors. We're up about 100k on our house and I expect to make money when we sell it and move up north in 10 or so years.

littlebro07 posted...

Possibly, but only because I managed to buy a nice house at 26 and don't ever plan on selling it.

Also have a 401k but I just started it this year at 30 and only put like 3% in.

You're behind. You should have 1x your annual income in your 401k at 30 (at the very least).

pretzelcoatl posted...

You're behind. You should have 1x your annual income in your 401k at 30 (at the very least).

Ive got twice that in home equity, does that count

Yes. Pensions are nice.

I wish I couldve retired 10 years ago

Yeah, when I'm dead

Yeah

Mortgage is paid off and ive been maxing out IRA and 401(k) since my mid 20s

Non retirement savings is picking up too

If i can stay employed like this i can probably retire somewhat early

That said, i expect tech salaries to crash or at # of jobs in the industry to shrink big time
So i kind of suspect there will be a career pivot and pay cut in my future that takes me off the early retirement track

not conventionally but i'm trying to set it up so i can continue not working the very least just work 2 days a week.

bump

Yeah, hoping and planning to retire by 55.

yea probably >_> no debt, no kids, and im able to save a lot of money rn

Tyranthraxus posted...

I don't want to retire. I do wish I could work less though.

You most need hobbies to keep you busy. Always be active.

bump

Yes I could probably retire right now cause I got all my stuff and no debt. If I get laid off from work then I'm ok with being a stay at home dad. I might keep working for a couple more years cause it looks bad that I'm staying at home playing video games all day.

I have been investing in Pokemon cards. We will see what happens.

Yes, by 40-ish. But I'd be bored, so maybe I'll keep going, just on my own terms.

I work for the state of California, so I will retire no problem. But I started a bit late, so I'd only get 39% of my salary if I retire right at 55 (would be 74% if I started with them right at 18). So either I work until age 60, or I hope that my retirement savings can supplement enough to retire early. Time will tell

littlebro07 posted...

Ive got twice that in home equity, does that count

it def doesn't hurt, but i would personally tend to you 401k/IRA if you can! It's no coincidence that when I talk to my seniors often their biggest regret is "I wish i started saving for retirement sooner". Some people don't start until their 40s, and it's a huge uphill battle at that point.