Why does it seem like everyone wants to retire early?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Early retirement became my goal. I chose a range of disturbed and mentally ill managers. Eventually, I chose better by learning what to look for.

But I decided I do not want to work for toxic companies and toxic employees.

What do you look for

+10. I worked for toxic managers in the government. Funny thing. Everyone admitted they were terrible and toxic but this is who the government promotes upward.

This happens in the private sector as well and in every sector.

[Anonymous]

Work sucks

[Anonymous]

I work to live, not the other way around. Once DH and I have enough we can both retire, we are outta there.

[Anonymous]

Anonymous wrote:Why does it seem like everyone wants to retire early? Is it because they started in a very high stress job in their early 20s and are burned out by 50? Or are there other reasons.

I just turned 50. I plan to retire at 65. My job is okay in terms of stress, but I am not stressed to the point of wanting to retire early

Because they know if they get stabbed in the back and pushed out the door in their late 30s, 40s and 50s there's a good chance they'll never get a job again. Well at least without having to do an expensive master's program.

[Anonymous]

Anonymous wrote:+1 when I was younger, ageism never occurred to me, though I had gone through two layoffs. So, now we tell our teens to plan for early retirement and layoffs. We talk extensively about investing early and started a roth for them.

I used to think you wouldn't face ageism until 50. It happens in early 40s too.

[Anonymous]

I am 58 and have been working full time for 35 years. Honestly, it just feels like enough already.

Finances seem to be lining up for an early retirement at 60. Really hope I can pull it off.

[Anonymous]

I've been at my fed job since I was 21. Now at 47, I'm ready to move on. I don't care for working with the younger generation and can't imagine the generations to come will be any better. Plus, it's their turn. The second I am eligible to move on, I shall.

[Anonymous]

I started working at 16 without a break. I'm retiring at 57 when my youngest enters college. It's not terribly early, but early all the same.

[Anonymous]

Anonymous wrote:I'm 47 and am aiming to retire in about 10-12 years.

The reason is that I've worked hard my whole life and would like an extended period when I'm still healthy and strong and I can enjoy the world as I see fit.

Work is fine for now, but I can't travel, exercise, go to movies, develop hobbies anywhere near what i'd like.

BINGO.
59 now and planning to retire in a year.

[Anonymous]

My parents were able to take spring breaks, a few weeks in the summer, winter breaks. I barely get vacation and even then am tied to my phone and take my laptop everywhere. PT either doesn’t exist or is 40% FT pay for 80% FT work. My parent is sick and I don’t get enough leave to go home and take care of them the way I should. I’ve never been to Asia because I’d need to take too much time off. Working sucks.

[Anonymous]

Anonymous wrote:Why does it seem like everyone wants to retire early? Is it because they started in a very high stress job in their early 20s and are burned out by 50? Or are there other reasons.

I just turned 50. I plan to retire at 65. My job is okay in terms of stress, but I am not stressed to the point of wanting to retire early

65 is retiring early. 67 is normal retirement age now

[Anonymous]

I am 62 started work full time at 18 at a large bank. I am in year 44 of full time work no break. I love it. I would love to work till 68 to put 50 years in.

I feel work is a joke today. I used to do 15 credits and a full time 40 hour a week in college.
I did full time work and 18 credits a year MBA

Today I work from home 3x a week. I get off holidays, vacation, personal days, floating holidays around 7 weeks a year. So I work 45 weeks a year. Two days a week. I go to office 90 days a year. Do I really need more time off?

Yes if it was 1999 five days a week in office 8 am to 7 pm in a suit in tie in a high stress job I be retired already.

[Anonymous]

Anonymous wrote:I am 62 started work full time at 18 at a large bank. I am in year 44 of full time work no break. I love it. I would love to work till 68 to put 50 years in.

I feel work is a joke today. I used to do 15 credits and a full time 40 hour a week in college.
I did full time work and 18 credits a year MBA

Today I work from home 3x a week. I get off holidays, vacation, personal days, floating holidays around 7 weeks a year. So I work 45 weeks a year. Two days a week. I go to office 90 days a year. Do I really need more time off?

Yes if it was 1999 five days a week in office 8 am to 7 pm in a suit in tie in a high stress job I be retired already.

What do you do? Your writing and grammar is at a 2nd grade level.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am 62 started work full time at 18 at a large bank. I am in year 44 of full time work no break. I love it. I would love to work till 68 to put 50 years in.

I feel work is a joke today. I used to do 15 credits and a full time 40 hour a week in college.
I did full time work and 18 credits a year MBA

Today I work from home 3x a week. I get off holidays, vacation, personal days, floating holidays around 7 weeks a year. So I work 45 weeks a year. Two days a week. I go to office 90 days a year. Do I really need more time off?

Yes if it was 1999 five days a week in office 8 am to 7 pm in a suit in tie in a high stress job I be retired already.

What do you do? Your writing and grammar is at a 2nd grade level.

Must be J1 J2 guy, lol.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How do you decide if you have enough money to early retire ? 30x to 50x of your spending money ( spending + tax + healthcare cost ) ?

It depends on your current age. The earlier you retire, the more you need to retire early.

30x is a good number if you want to retire around 55. Assuming you keep some funds invested in the stock market via an index fund or something, your portfolio will continue to grow even as you pull money from the investments. The funds should last you more than 30 years.

DH is 60 and I'm 54. We are counting on some social security, as well. Maybe not the full amount, but some. We also have about $4mil in investments and cash. Our expense, with some travel, is about $140K/year.

This is solid advice above. If you asked then I’d recommend a little more research than just asking on here. Bogleheads is good. Remember the expenses mentioned above are what you’ll spend minus your income streams like SS or and pensions.