What is your "magic number" for retirement?

[Anonymous]

Anonymous wrote:Find it sad that anyone looks forward to retirement. I love working. I hate being home. I have zero hobbies. My friends I had are all in different states I have not seen in person years.

This is the saddest comment I’ve seen on this forum, bar none

[Anonymous]

Anonymous wrote:

Anonymous wrote:Find it sad that anyone looks forward to retirement. I love working. I hate being home. I have zero hobbies. My friends I had are all in different states I have not seen in person years.

This is the saddest comment I’ve seen on this forum, bar none

Makes sense. Different strokes. NP

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Find it sad that anyone looks forward to retirement. I love working. I hate being home. I have zero hobbies. My friends I had are all in different states I have not seen in person years.

It's sad that you have no identity outside of corporate life. I honestly think people like you have warped brains. It's like Stockholm syndrome.

Why? I don’t particularly care about my company or co-workers. I switch jobs every 3-4 years while career. I like working. So much I have been on several volunteer boards. I am president of a board now. Plan to do for profit boards later. Could care less product or company.

You aren't even movitated by the mission? So what is driving you? Is it the money? The prestige? What about working exactly so you like? I love my job but that is because I love the people and the mission.

I love to build things and learn new industries, products, hot topics. Once built and I know it. I get bored and move. Right now into AI. I love to disrupt and build teams. I insert myself every new industry, product or crisis at start and jump jobs. I also willing to relocate. The people or product once learned I move on. I love a crisis! Y2K, 9-11, Financial Crash, Mortgage crisis or new stuff. Crypto, FinTech, AI, Cyber. I jump in get a big paycheck then 12-36 month on to next.

My problem as soon as I stop I am dead. Hence I don’t care about coworkers and company it is all a temp thing. So retirement would be a living hell.

Most men who retire die within 2-5 years. Or I retire. My old boss was forced retired at 65 his publicly traded company and un-retired at 70. He is now 80 and CEO of a company he founded at 70 and now has 5,000 employees. It was depressing he said.

[Anonymous]

65, I know it’s not in $ but that will be when we qualify for Medicare. We have having some unforeseen health issues so retirement will be sooner than we anticipated. We’ll probably downsize to a smaller place once we find a residential solution for our severely disabled child since our other child is launched. So the number will be close to $10 mil including our home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't have one. It used to be $5 million, now we're closing in on $10 million. My husband is already retired, house paid off, kids' college paid. I'm just not ready to retire yet -I'm not even 60. Need to figure out what to do with the rest of my life before I take the plunge.

r


Your husband is unemployed not retired

Why do you say that?

[Anonymous]

$4 million

[Anonymous]

Anonymous wrote:

Anonymous wrote:Find it sad that anyone looks forward to retirement. I love working. I hate being home. I have zero hobbies. My friends I had are all in different states I have not seen in person years.

So a number is meaningless. I hope to work till at least 70. I am 62 now. Then maybe join boards, teach a college class, consult from 70-90.

My uncle retired at 82. He has been enjoying life golfing and traveling and is now 92. He lives in Malibu. He is crazy rich from face he worked full time 21-82 at major companies as an executive. He would have gone crazy retiring young. He had 400 people working for him at 70.

My dad was like this. Retired at 74. Traveled a ton and golfed every day upon retiring. Got cancer at 76, dementia set in early at 78 from intense cancer treatment. Now 79 with round the clock home health care.

75-85 is when most people seem to die. Look at the News. Joe Leiberman just died, 82. Everytime someone rich and/or famous dies, it just validates my thesis that most people die between 75-85. And literally everyone I've met that's over 90 is better off dead than alive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Find it sad that anyone looks forward to retirement. I love working. I hate being home. I have zero hobbies. My friends I had are all in different states I have not seen in person years.

So a number is meaningless. I hope to work till at least 70. I am 62 now. Then maybe join boards, teach a college class, consult from 70-90.

My uncle retired at 82. He has been enjoying life golfing and traveling and is now 92. He lives in Malibu. He is crazy rich from face he worked full time 21-82 at major companies as an executive. He would have gone crazy retiring young. He had 400 people working for him at 70.

My dad was like this. Retired at 74. Traveled a ton and golfed every day upon retiring. Got cancer at 76, dementia set in early at 78 from intense cancer treatment. Now 79 with round the clock home health care.

75-85 is when most people seem to die. Look at the News. Joe Leiberman just died, 82. Everytime someone rich and/or famous dies, it just validates my thesis that most people die between 75-85. And literally everyone I've met that's over 90 is better off dead than alive.

I think you need to take into consideration how long your parents and grandparents lived. With advances in medicine, people are frequently living longer than the previous generation.

[Anonymous]

Anonymous wrote:Find it sad that anyone looks forward to retirement. I love working. I hate being home. I have zero hobbies. My friends I had are all in different states I have not seen in person years.

So a number is meaningless. I hope to work till at least 70. I am 62 now. Then maybe join boards, teach a college class, consult from 70-90.

My uncle retired at 82. He has been enjoying life golfing and traveling and is now 92. He lives in Malibu. He is crazy rich from face he worked full time 21-82 at major companies as an executive. He would have gone crazy retiring young. He had 400 people working for him at 70.

I'm 'retired' at 60. More unemployed than retired although I don't need the money from employment to make a meaningful change in my QOL for the remainder of my life. I've always managed people or processes since the time i was 25 and most of the jobs that are available when you fall off the wagon post-50 are hands on work on a contract basis or really lower level ones, especially if you are not White AND connected. Not interested in reporting to someone who would normally have been several levels below me.. rather not work that put up with that crap.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Find it sad that anyone looks forward to retirement. I love working. I hate being home. I have zero hobbies. My friends I had are all in different states I have not seen in person years.

So a number is meaningless. I hope to work till at least 70. I am 62 now. Then maybe join boards, teach a college class, consult from 70-90.

My uncle retired at 82. He has been enjoying life golfing and traveling and is now 92. He lives in Malibu. He is crazy rich from face he worked full time 21-82 at major companies as an executive. He would have gone crazy retiring young. He had 400 people working for him at 70.

My dad was like this. Retired at 74. Traveled a ton and golfed every day upon retiring. Got cancer at 76, dementia set in early at 78 from intense cancer treatment. Now 79 with round the clock home health care.

75-85 is when most people seem to die. Look at the News. Joe Leiberman just died, 82. Everytime someone rich and/or famous dies, it just validates my thesis that most people die between 75-85. And literally everyone I've met that's over 90 is better off dead than alive.

I think you need to take into consideration how long your parents and grandparents lived. With advances in medicine, people are frequently living longer than the previous generation.

I understand that pov, but I bet these rich/famous people have way more access to those advances in medicine and other solutions than you and I and yet.. Agree on looking at your parents' age at death.. probably more relevant than your GPs. I'd say, pick the parent you are most similar to and add another 5 years to account for the medical advances and subtract whatever you need to for lifestyle deficiencies. I bet it still puts most people in the 75-85 range. My comment on the 90+ population still stands. Have/had several in my close family, including as care provider and for most of them, I'd rather be dead than be in their shoes.

[Anonymous]

More than $12M apparently

[Anonymous]

$10-12M

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Find it sad that anyone looks forward to retirement. I love working. I hate being home. I have zero hobbies. My friends I had are all in different states I have not seen in person years.

So a number is meaningless. I hope to work till at least 70. I am 62 now. Then maybe join boards, teach a college class, consult from 70-90.

My uncle retired at 82. He has been enjoying life golfing and traveling and is now 92. He lives in Malibu. He is crazy rich from face he worked full time 21-82 at major companies as an executive. He would have gone crazy retiring young. He had 400 people working for him at 70.

My dad was like this. Retired at 74. Traveled a ton and golfed every day upon retiring. Got cancer at 76, dementia set in early at 78 from intense cancer treatment. Now 79 with round the clock home health care.

75-85 is when most people seem to die. Look at the News. Joe Leiberman just died, 82. Everytime someone rich and/or famous dies, it just validates my thesis that most people die between 75-85. And literally everyone I've met that's over 90 is better off dead than alive.

I agree. In his case, his dad lived to 95. His mom died in an accident at 60.

But my response was more to PP’s assertion that her uncle is health and got a lot time post retirement despite retiring later in life. I am sure my dad assumed he would also get more time.

[Anonymous]

$20 million

[Anonymous]

Anonymous wrote:

Anonymous wrote:Find it sad that anyone looks forward to retirement. I love working. I hate being home. I have zero hobbies. My friends I had are all in different states I have not seen in person years.

So a number is meaningless. I hope to work till at least 70. I am 62 now. Then maybe join boards, teach a college class, consult from 70-90.

My uncle retired at 82. He has been enjoying life golfing and traveling and is now 92. He lives in Malibu. He is crazy rich from face he worked full time 21-82 at major companies as an executive. He would have gone crazy retiring young. He had 400 people working for him at 70.

I'm 'retired' at 60. More unemployed than retired although I don't need the money from employment to make a meaningful change in my QOL for the remainder of my life. I've always managed people or processes since the time i was 25 and most of the jobs that are available when you fall off the wagon post-50 are hands on work on a contract basis or really lower level ones, especially if you are not White AND connected. Not interested in reporting to someone who would normally have been several levels below me.. rather not work that put up with that crap.

Well then it works for both sides.