I'm 51... plan is to retire at 55 - or sooner if I get offered a severance package (which there are decent odds of when our acquisition completes later this year.) Firecalc, Quicken Lifetime Planner, Fidelity, Financial Engines... all say we're there, 100%, now... but there's not a lot of wiggle room or padding in our numbers. For example, I input the full SS (based on proposed earnings ending at years x, y, and z...) rather than partial like a lot of people do... so that's a risk factor I'd like to save more for. I see that some people don't retire till their numbers work even without SS. I'm counting on SS as one of the legs on my 3 legged stool.
We got together with folks from my husband's former job.
My husband's former boss went grudgingly into retirement at age 70. Basically the recession hurt his business (architecture) to where it was costing too much to keep the doors open. He'd still be working if that hadn't happened.
His wife is in the same field as me (embedded software) and we've always had a good rapport. I told her, several years ago that I was pushing for early retirement. She was highly skeptical - instead encouraging me to kick my career into overdrive and get into upper management. But... she retired (at 62) a month ago. We saw them this weekend. The first thing out of her mouth was DO IT!!!! RETIRE!!!! I WAS WRONG!!!! She can't believe she waited to retire, and really can't believe her husband waited. To say she loves retirement is a big understatement.
My sister and I have had long talks about my desire to early retire. She's always expressed skepticism and a bit of negative judgement about it. She must have had an epiphany - because she sent me an email this weekend saying she's been thinking about it a lot - and agrees that I should retire as soon as feasibly possible.
My sister is thinking about the fact that my goal is to be a full time SAHM for my pre-teen kids. But my plans also have to do with my BS bucket being full.
It's nice to get two affirmation of my plans in less than 24 hours.
Just have to keep working the plan. Our goal is to have the house paid for by Q1 next year. More savings banked. And hopefully know if the healthcare law changes of 2014 will hurt or help our budget.
We got together with folks from my husband's former job.
My husband's former boss went grudgingly into retirement at age 70. Basically the recession hurt his business (architecture) to where it was costing too much to keep the doors open. He'd still be working if that hadn't happened.
His wife is in the same field as me (embedded software) and we've always had a good rapport. I told her, several years ago that I was pushing for early retirement. She was highly skeptical - instead encouraging me to kick my career into overdrive and get into upper management. But... she retired (at 62) a month ago. We saw them this weekend. The first thing out of her mouth was DO IT!!!! RETIRE!!!! I WAS WRONG!!!! She can't believe she waited to retire, and really can't believe her husband waited. To say she loves retirement is a big understatement.
My sister and I have had long talks about my desire to early retire. She's always expressed skepticism and a bit of negative judgement about it. She must have had an epiphany - because she sent me an email this weekend saying she's been thinking about it a lot - and agrees that I should retire as soon as feasibly possible.
My sister is thinking about the fact that my goal is to be a full time SAHM for my pre-teen kids. But my plans also have to do with my BS bucket being full.
It's nice to get two affirmation of my plans in less than 24 hours.
Just have to keep working the plan. Our goal is to have the house paid for by Q1 next year. More savings banked. And hopefully know if the healthcare law changes of 2014 will hurt or help our budget.