Originally Posted by medved
From someone else who is also trying to figure all this out: Aside from money, you also need to figure out what you are going to do with your time. You don't want to be bored and wish you were back at work with the social interaction, schedule, sense of purpose, etc. So you need to think about what you do every day now, and how you like it, and what you would do every day in retirement, and which you would enjoy more. For a single person, I suppose having a good social network would also be important (maybe for everyone, but perhaps especially for someone who is single). I think sometimes when people have enough money to retire but are hesitant, the hesitancy relates to some of these "what am I going to do" and "what if I get bored and regret it" concerns. I myself am thinking through those issues.
Yes. That's been a big issue for me--what to do after I retire. I've been working in my profession for almost 40 years. I was hoping to take a year off from everything just as a sabbatical from life. But I don't think I'll need it, to be honest. I have fun alternate work--a former avocation that is now becoming a paid sideline, along with new colleagues and associates who are beginning to constitute a new cohort of friends. It's leaving a field that I worked in for so long, in which I earned a doctorate, and spent so long doing, that I find it tough to let go--even though I am tired, bored, and have exhausted my patience with the field and profession. I'm done, I know. I just have to make that final step into the void. Thanks for the insights.