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Old 11-04-2015, 10:08 AM   #21
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Retired at 41 in early 2014. Worked as a data scientist in silicon valley. Made the mistake of not locking in a low cost housing during the recession (ER seemed so far away especially with our plummeting portfolio). Sold our house (couldn't feasibly ER with the HCOL mortgage) and now looking at other areas.
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Anyone else retire 45 or younger?
Old 11-04-2015, 10:12 AM   #22
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Anyone else retire 45 or younger?

Retired a bit over two years ago at age 38 with a wife and 9 year old (11 now). It was a great decision and I have no regrets. However, It took a good 8 months before I didn't feel weird not being at w@$k on a weekday. Now it feels right as rain.


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Old 11-04-2015, 10:13 AM   #23
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Another one here. I do have challenges finding others my age to hang out with. It has been a harder transition than I expected, but I love my unstructured time.
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Old 11-04-2015, 07:32 PM   #24
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I have checked, rechecked and checked again and the calculators are saying retire! I am 44 and have three young kids and though we are planning to relocate to a happy nondiscreet quasi rural town from the high priced burbs of NYC, I can't get myself to tell anyone what our true plan is. Everyone with older kids is always saying just wait, you'll see how expensive it is etc and I have to bite my tongue because I know we've got it covered, and probably then some. Maybe it's just me but anyone else struggle with this, 44 just ain't retirement age for most. For the past 6 months I have been working two days a week and already people are asking if I'm looking for a new job!
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DW was 44 when we ER'd. We don't have kids.
If you think you're ready and have done your due diligence, go for it. Why care what people that you will not have to deal with in the future say about it? Besides, you're young enough to get a job if things don't work out. Imho, flexibility is very important and don't let your ego get in the way if you do have to go earn some money.
Good point. I think people around here just assume you have to be employed to afford everything. In fairness, we live in a big new house, drive nice cars etc etc. If we downsized , people would be less surprised that we were retired I suppose in more modest circumstances. People always say they don't care what people think, but even if it's for the sake of my kids and making the right impression I think it would make life easier.
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Old 11-04-2015, 07:44 PM   #25
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Nope, retired at 50 with one and three year old boys. Always part of their daily lives......that was the deciding factor. Good pension and stay very busy, though have always been and continue to be LBYM. Boys have no idea how much of a nest egg I have as we live modestly in 2000 sq ft house, two of the three cars are 10 years old, I continue to work seasonally in a non-career job.
Okay, what you have described here is sort of what I want for my family. I have a 2010 A6 that I own, and my Porsche lease expires in June, I'm not renewing. Wife loves her suburban and I don't think we are going to trade in for new models any time soon. My daughter has already said several times, Daddy are we rich? That bothers me. When I was their age I was middle to, upper middle class, dirt bikes little league etc. I am opening a can of worms here on so many levels. 50 sounds so much more acceptable for some reason, but still so young in retirement terms.
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Old 11-04-2015, 07:49 PM   #26
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Retired just shy of my 34th birthday (28 years ago). Both former and current wives still work. After I retired I had 3 children, now 27,10,7 mos. Moved from a high COL, NYC suburb to one of the most exclusive areas of Lima, Peru where housing is about 1/3 the cost now. SS family benefits will more than offset expenses for the two little one's. Current wife will work for 20 more years and ER at 54. Hopefully, will never touch the stash and then when the youngest is launched and I am planted, Wife can run off with Dante the "pool boy" and travel the world. Lot's of family in Fairfield around the beach club, pretty place but too "snooty" for my tastes.
Cool story and good for you. Lima Peru, cool. We're in Wilton. I grew up in Darien and moved to Wilton thinking it would be so down to earth; well maybe relatively speaking but it's crazy here. I have several friends in Fairfield, that's a cool town.
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Old 11-06-2015, 04:52 AM   #27
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I was out at 45. DW not working either. 2 kids. One kid a freshman in college and one kid a sophomore in high school. The higher " kid spending " comes around age 13 or 14 and lasts till they are on their own, I estimate.

We live a simple life now in a low cost of living area with some property and a simple paid off house. Cars are a 2 year old Toyota, a 15 year old Honda and a 21 year old Subaru.

I fell into a part time teaching gig the income of which is just covering / offsetting the tuition for a masters degree. Also doing this school thing to fulfill a bucket list item and to set an example for my 2 kids to always be industrious and better yourself with knowledge. I do like the social interaction with the younger millennial generation a lot (they are different than my generation but to know them will be important I think). If this starts to really feel like work, I'll throttle back or stop all together .. But for now it gets me up and out of the house which is good too.

Life is good. ...
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Old 11-06-2015, 05:42 AM   #28
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Retired at 53. Great decision.
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I retired at 45
Old 11-06-2015, 05:47 AM   #29
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I retired at 45

I ran my numbers without the benefit of firecalc in 2007, I estimated high returns of 5% withdrawals (now I believe it's should be 3), either way it's enough for 2 lifetimes, I'm in NYC I had had enough, my child was already married so it was only us in the paid for house. Seeing the kids ball games? Only happened a handful of times, I was working , I have posted before that my only regret was I didn't retire 5 years earlier, we still live in NYC, terribly expensive as you know but I have enough .I think I live on less than 60,000 now, the pension is 103 before taxes, after tax it's 84, plus investments so now I just let it build, we have a car that is 11 years old with 38000 miles, I have never been bored since I left, I'm not handy so I make to do lists for the house and maybe once a year the Handymen come and paint, hang new fixtures, I walk to either the butcher, fish monger, fruit store ,bakery , almost everyday to get stuff and chat and get dressed to leave the house . I find I go to the dr now when I'm sick instead of not going because I needed to go to work. Enjoy the kids now you never get those years back. P.s. My dad owned a deli , he worked 7 days a week died @ 57 when I was 22, he worked till the day he dropped dead. Great provider but never enjoyed life outside of working , I didn't want that.
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Old 11-06-2015, 07:48 AM   #30
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Cool story and good for you. Lima Peru, cool. We're in Wilton. I grew up in Darien and moved to Wilton thinking it would be so down to earth; well maybe relatively speaking but it's crazy here. I have several friends in Fairfield, that's a cool town.
Ahhh Wilton, new it well. Back in the early 70's my friends and I all owned 240Z/260Z's. Many weekends were spent driving up to Bob Sharp's place in Wilton and then racing around the the backroads. Sound's like you are ready, last thing I did before moving to Peru was to sell my Porsche!
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Old 11-06-2015, 10:00 AM   #31
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I was out at 45. DW not working either. 2 kids. One kid a freshman in college and one kid a sophomore in high school. The higher " kid spending " comes around age 13 or 14 and lasts till they are on their own, I estimate.

We live a simple life now in a low cost of living area with some property and a simple paid off house. Cars are a 2 year old Toyota, a 15 year old Honda and a 21 year old Subaru.

I fell into a part time teaching gig the income of which is just covering / offsetting the tuition for a masters degree. Also doing this school thing to fulfill a bucket list item and to set an example for my 2 kids to always be industrious and better yourself with knowledge. I do like the social interaction with the younger millennial generation a lot (they are different than my generation but to know them will be important I think). If this starts to really feel like work, I'll throttle back or stop all together .. But for now it gets me up and out of the house which is good too.

Life is good. ...
Really cool way to fill your time, stay engaged and stay off the couch with your kids. I think kids learn by example more than anything and if Dad is off fishing, playing golf every day that may not send the best message. Also, with young kids, no matter what, you are working and as much as I try to help, my wife carries 90% of it. I can already see she is getting annoyed with me being around so much. When our second gets to kindergarten, I think things will change quickly though.
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Old 11-06-2015, 10:30 AM   #32
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I am 26 and not currently retired, but thought I would chime in.

I could be "retired" by mid 30s, depending on how my life pans out. If I have kids or plan to have kids, the target date would be pushed way back, although it may be doable by 40 still. It just depends on the quality of life I would want my family to have, and how risky I am willing to be with mouths to feed.

If I don't have kids, I could have enough assets to retire by about 40. This assumes I continue to save what I am now (adjusting for inflation), and that my spending stays the same. Any raises over inflation or additional savings would speed things up.

If I am willing to work until about 45, I would be have extra cushion money. Alternatively, I've thought about maybe pursuing something else in my mid-30s or upon reaching FI, that would allow me to work part-time, and control my schedule more. For example, if I could earn only $20k, I would only have to withdraw about 1.8% of my portfolio to cover the gap in my annual spending.

I try and think of jobs that would allow this, but often come up with not much. I am not the creative type
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Old 11-06-2015, 05:11 PM   #33
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I retired at 44 in Westchester. I had a preschool age kid at the time. Welcome to the board.
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Old 11-06-2015, 11:37 PM   #34
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Maybe it's just me but anyone else struggle with this, 44 just ain't retirement age for most.
Congrats StuckinCT on your FI and upcoming ER!

I FIRED at 45, earlier this year. Life is now just amazingly good
It's so wonderful I just don't care what people think. Actually, folks have been surprisingly positive and impressed, although this is certainly not the experience of some on this forum.

So if you're tired of the rat race, and really want to live your life as you wish, not as others expect, then jump right in! This freedom is both empowering and ennobling. You'll be having so much fun to care about others' expectations, real or imagined/projected!

FB
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Old 11-07-2015, 06:20 AM   #35
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Let me add if you retire with young kids it doesn't look or feel like retirement. It looks and feels like you became a stay at home parent.

For me that was a big draw - spending all this time with my boy.
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Old 11-13-2015, 07:48 AM   #36
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Let me add if you retire with young kids it doesn't look or feel like retirement. It looks and feels like you became a stay at home parent.

For me that was a big draw - spending all this time with my boy.
Jon, thanks for your thoughts. I am working part time now consulting two or three days a week and I definitely appreciate all the time I am spending with the kids. On Monday our 2 year old was sick and had to go to the doctor so I took my other boy to his activities which was a real treat. It's great knowing you can do whatever you want and not have to answer to anyone.

I don't know anyone in our kids school or in our town who is ERd at 44, and we know a lot of people. Westchester is a stones throw from my house, so you are the first person I have spoken with in the area. I think people have a hard time believing that someone could retire in an area this expensive, my real estate taxes alone will be over 32k this year, and I think some people think I am miscalculating- and I am one of those people that thinks 4% is too much!
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Old 11-13-2015, 08:44 AM   #37
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I quit earlier this year at 43 as a single, no kids. The only issue in my plans is my bf which I'm still on the fence whether I help finance his retirement too or let him just keep working and we keep splitting the bills... if I add him in, the numbers don't work. Basically even with all my planning ... life events may get in my way. If I could have gone part time I would have.. as I wouldn't have minded working more years, I just couldn't do the 70 hour weeks any longer.
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Old 11-13-2015, 09:22 AM   #38
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Let me add if you retire with young kids it doesn't look or feel like retirement. It looks and feels like you became a stay at home parent.

For me that was a big draw - spending all this time with my boy.
Most definitely. Now that my boys are 17 and almost 19, I've started having discussions with DW (after being retired for 15 years) that soon we need to start considering what we want our "real" retirement to look like once the boys on their own/in college.

With young kids, it's not what most would consider a typical retirement lifestyle!
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Old 11-13-2015, 12:22 PM   #39
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45 was my original goal. Pretty aggressive savings since age 21 + paid off mortgage before 45 will hopefully put us in the ballpark of FI by that age.

But the combination of enjoying our jobs, our desire for a bigger financial cushion, and the (optional) expense of private school tuition for our three young kids means we'll probably keep working -- though perhaps only part time -- after the age of 45. Maybe indefinitely if we continue to enjoy our jobs.
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Old 11-13-2015, 12:42 PM   #40
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I have thought the same...43 here...seems too young. I will be going PT 2d/wk soon, though. 2 young kids, even though the numbers look great. I'll do it as long as I want...that is the key. At least I have the choice.
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