Are you planning on retiring at 60?

Posted by 9879528@reddit | Xennials | View on Reddit | 541 comments

Are you planning on retiring at 60?

What if the retirement age increases?

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541 Comments

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involevol@reddit

I genuinely never thought I’d be able to retire after 2008, but I’ve been working really hard on saving and paying down debt and trying to right my ship for the past decade and as of this week I’m statistically on track to be able to retire somewhere between 67 and 70 as long as the country/world doesn’t completely implode. It won’t be a glamorous lifestyle, but I’ll probably be able to have a place to live, food, healthcare and maybe a little traveling if I watch my budget. I’m definitely not in great financial shape, but it’s genuinely amazing what small, consistent contributions can do.

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delladoug@reddit

🤣😂😅😭😭

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mtmtnmike@reddit

Work in an elementary school. I’ll probably drop dead in front of the kids one day.

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latebloomer2015@reddit

I am a teacher and I cannot retire with full pension until I’m 70. Who tf wants a 70 year old 5-6 grade alt ed teacher? No one, not one single person except legislators (who can retire with full benefits much sooner than educators).

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Hellament@reddit

Our pension doesn’t have a “full” retirement date; your annual retirement is based on 3-year high salary average and years of service…there is always an incentive to work another year. Because of the highest three year average, a lot of people try to transition to admin for a couple of years before the ly ride off into the sunset.

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DJBreathmint@reddit

Mine is the same except we have a 40 year (80% salary) maximum. I plan to retire the minute I hit the 70% mark at 62.

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That_Old_Nerd@reddit

Ours is currently 2.2 x service credit x average of top 5 years. They have already changed it multiple times since I was hired 25 years ago, so I am not holding my breath, but if it doesn't change I am looking at retiring at 62 with roughly 70%.

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Hellament@reddit

That’s a good goal. I’d be closer to 60% at 62, or 65% at around 65, which is the latest I can imagine staying.

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ScreenTricky4257@reddit

Same here, but there's also a work length factor, and an age penalty. So someone who started work at 20 and is now 50 gets less of a pension than someone who started work at 30 and is now 60.

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Hellament@reddit

That’s interesting. Ours is based on years of service and average salary only, the only way age factors in is that age + years of service has to be greater than or equal to 85 if you’re retiring before 65(?).

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DrewBaron80@reddit

This is why I’m working on my admin license. I’ve observed that many teachers lose their patience for kids between 55-60. I don’t want to be the grumpy old sped teacher.

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dabeeman@reddit

i just put two and two together. did the 80’s insult “sped” come from that?

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jessupjj@reddit

Aaah yes, the sped shed

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DrewBaron80@reddit

Lol probably. My state’s department of education uses the abbreviation in official documents so I’m pretty sure it’s OK.

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Hellament@reddit

> lose their patience for kids between 55-60 Once again, I am mature beyond my years

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rjselzler@reddit

70!? I hit full pension after at 59.5 in my state abs I entered the profession later than most (29) Crazy…

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BraveG365@reddit

So are you currently teaching?

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BookDragon3ryn@reddit

70? Geezus. What state, if you don’t mind me asking?

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latebloomer2015@reddit

Illinois. I’m part of tier 2 for retirement and it’s awful. I know the union is working really hard to fix it.

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BookDragon3ryn@reddit

Ugh. I’m so sorry. I hope they are able to change that for y’all.

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latebloomer2015@reddit

Thank you. It’s really nice for you to say that. I’m always shocked with the amount of people who imply I don’t work hard enough to deserve pay and pension. I appreciate your kindness!

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rhymeswititch@reddit

That’ll be a fun teaching moment.

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mtmtnmike@reddit

Never too young to learn hands only CPR.

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XNXTXNXKX@reddit

“We tried…we didn’t give them any oxygen, just pushed their blood around their body…they died”

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rhymeswititch@reddit

Ok kids, who knows the song “Stayin’ alive?! Push to the beat!” ![gif](giphy|xUPGcLWt9yLHEA0LUQ|downsized)

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Krstoffa@reddit

First I was afraid, I was petrified!

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Yankee_Jane@reddit

I always preferred "Another One Bites the Dust."

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monstertots509@reddit

After you do the three presses, do you stop for the "another One Bites the Dust" part or go crazy fast?

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therealdebbith@reddit

crazy fast, duh

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lewarcher@reddit

Here in Ontario, it's a defined benefit pension plan for teachers, so a lifetime pension for approximately 11% of your paycheque, matched by the provincial government. It's 2% x your best 5 years salary x your years of service, and the average retirement age for Ontario teachers is around 59. This is fairly standard across Canada, and I'm curious what retirement savings plans are in place for teachers where you are (assuming you're in the US)?

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rjselzler@reddit

Similar for my state (Idaho). We pay in less and I’d imagine get less (~60% of the average of the best 4 years). I’ll hit retirement age at 59.5.

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mtmtnmike@reddit

I’m part of the Montana Teachers’ Retirement System and also have a Roth IRA that isn’t matched by our school district. I contribute approximately 5% of my salary to my Roth, but I’m not entirely certain how my MTRS benefits are calculated. So, I will be able to retire eventually but I’ll probably work until I qualify for Medicare or insurance will kill me. Unless there’s some major healthcare reform before then…Ha ha ha.

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PersianCatLover419@reddit

You can look up your Medicare online. I found mine and I qualify for SS and Medicare, but I have been working for decades.

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DDDXXX13@reddit

Happened to my old first grade teacher. Thankfully, I was in second grade and not her class at the time. Dead dropped from a heart attack in her fifties, I believe as she was trying to pick up something. Brutal.

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MLAheading@reddit

Ha. There’s a mortuary a block away from our school and another teacher and I (both 46) are planning for efficiently dropping dead in our classrooms and wagon-ed over to the mortuary.

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867-53-oh-nein@reddit

This happened at my elementary school. I’m sure those kindergarteners were nicely traumatized.

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mtmtnmike@reddit

Gotta start the trauma early.

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cstorey2155@reddit

I plan on dying in the water wars lol

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TheEnd0fA11@reddit

I’m 52, retired at 47 right before the pandemic. Second best decision of my life.

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DotAdministrative679@reddit

I’m going to need a half an hour…

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UpkeepUnicorn@reddit

I plan on working until I'm dead

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Smart_Abalone_9912@reddit

Ehh, than the bossman will come to your funeral, look down at your casket, and ask "So, you're still coming to work tomorrow, right?"

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Sirtriplenipple@reddit

If I die early, it’s just an early retirement!

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Napamtb@reddit

My coworker is 40 and just had a stroke in the office yesterday. His long term effects are unknown at this point. Retire as early as you can and remember that you don’t mean anything to a business.

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praba-garan-01@reddit

My co worker , collapsed and died at the workplace last week. 11 years working with him , seeing him being given cpr at the office and being pronounced dead is something that I still can't accept . Makes me wonder how do I retire early

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redneckcommando@reddit

How old? One of my coworkers died of a massive heart attack. He was only 43. He drank and smoked, but still surprised us that he passed away.

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praba-garan-01@reddit

He was 50 plus ,but did not smoke or drink. Always eating healthy. Great guy . His cap is still on top of his locker . We haven't removed it yet .

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redneckcommando@reddit

My condolences to you and your coworkers.

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Phyzzx@reddit

Yep, my very fit/ active cousin just had one a week ago, 38yo, 2 kids.

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DifferenceFar9811@reddit

Brought to you by Pfizer.

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Phyzzx@reddit

https://i.redd.it/34dn5bxvxbpe1.gif What like the blue pill? IDK about that, but I wonder how much this during your younger years affects you when you're old?

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9879528@reddit (OP)

Did you get first dibs on his desk?

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Tiny-Lock9652@reddit

Grab his red Swingline stapler.

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Dark_Shroud@reddit

I actually found a red Swingline stapler at a thrift shop. The previous owner probably did die for that thing to be donated. I took it straight to the register.

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Tiny-Lock9652@reddit

Well, now that you put it that way, it needs to be put in a glass case with a museum light on it!

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Dark_Shroud@reddit

Funny but sadly no, that's just me being a cheap ass. Swingline was actually bullied into selling red staplers because of [Office Space](https://www.imdb.com/title/tt0151804/). [https://www.amazon.com/swingline-stapler-iconic-desktop-capacity/dp/B0006HUQZ6?th=1](https://www.amazon.com/swingline-stapler-iconic-desktop-capacity/dp/B0006HUQZ6?th=1)

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Cool-Importance6004@reddit

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therealdebbith@reddit

![gif](giphy|3o84U5xPhrn42WgBJC)

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swish301@reddit

NOOOOICE!

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SirClarkus@reddit

You say that like I have any retirement funds or savings that weren't wiped out in so.w disaster or another....

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dancegoddess1971@reddit

Way I see it. Fuck the whole "comfortable retirement" thing. I'm tired of supporting the MAN and figure on cashing out my 401k at 62 and living in a hole in the desert and eating lizards and bugs. Bonus: the hole can just be filled in when I die.

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SirClarkus@reddit

You can afford a HOLE?!?!? I should be so lucky!

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trcharles@reddit

I think by “plan” we mean “have no choice”

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BadSploiter@reddit

Did you get his wallet?

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Remarkable_Space_382@reddit

WHAT HAVE THEY DONE TO US?!

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RiskyGorilla563@reddit

I’m hoping to die at work and maybe my kids can get some money out of it

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nucl3ar0ne@reddit

Thanks for saving me money. Now I can buy one card and use it for your retirement and condolences to your family!

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Signal_Dimension5611@reddit

I’m planning on dying at 60.

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rgthunder1@reddit

I’m pretty sure I’ll still be working after I die somehow.

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Appropriate_South877@reddit

Yes, it is called overtime.

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Muad-dib2000@reddit

Ashes inside a sand-clock?

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SexandTrees@reddit

Reincarnated, come back and work another 50 years in an office. Is this hell?

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Imnotonthelist@reddit

Now that sounds fun

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Sudden_Discussion306@reddit

I’ll likely never “retire” but plan on moving out of this country asap (when the kids are grown up) and plan on moving to Costa Rica or somewhere similar & having a much more relaxed lifestyle.

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whats_for_lunch@reddit

Working from the long term care, while on life support. WFH for the win

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Dark_Shroud@reddit

Hey did you think that Neuralink was meant to help you? No it will turn you into a worker drone for life.

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Dark_Shroud@reddit

I'm going to set up a barn with all kinds of tools so I can work on stuff until I die. If I'm lucky I can retire by 70, currently 42.

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LaVieLaMort@reddit

It’s basically what my mom did and I know it’s my fate too.

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therealdebbith@reddit

I plan on taking up a heroin addiction when(if) I turn 70…fuck it

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Youngsinatra345@reddit

Be a man, die at work.

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Sad-Act7467@reddit

I’m on the Remington retirement plan, so same I guess.

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Dantez9001@reddit

Who needs a 401k when I have a .44 magnum?

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chocki305@reddit

Even if I could retire. I wouldn't. Every man I know that has retired, was dead within 4 years. Even the active ones, the younger ones, older.. doesn't matter. All dead inside 4 years.

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Amnion_@reddit

Not unless you die soon. AI and robotics are coming for all us sooner than 99% of the population realizes. People will start getting replaced by agents this year. Certain sectors have already seen replacements from it.

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UpkeepUnicorn@reddit

Yeah I'd like to see 'em try and steal catalytic converters

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Brave-Banana-6399@reddit

That's only a choice if they let you

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Unique-Accountant253@reddit

Somehow that is a better plan than to drink until dead.

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Hungover52@reddit

The retirement plan is to die in the climate wars*.

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DrMcJedi@reddit

![gif](giphy|83uF5ITtkxbUul6gMB) Have I got a deal for you!

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drkidkill@reddit

I wish. Nobody will hire me when I'm old.

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DaoFerret@reddit

The government used to. Know a lot of older folk who moved into government and government adjacent (gov contractor and support positions). Of course a lot of those are now being “chainsawed”.

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taleofbenji@reddit

I'll have to work a bit longer than that but that's just the way things are now

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TaterJedi@reddit

Same.

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pixelpheasant@reddit

My people.

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UpkeepUnicorn@reddit

Glad we found each other.

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pixelpheasant@reddit

![gif](giphy|p1sPKlISSvMpa)

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TheTokinPlantman@reddit

Don't need a retirement plan when you own a pistol.

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Swamp_Donkey_7@reddit

When i was in my 20's i was always told "Plan for retirement like SS won't be there for you", and so I have. So my retirement plans have always been independent of when SS tells me I can retire.

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bestselfnice@reddit

Yep. SS will just be a fun bonus if/when it hits. I'll start making adjustments as necessary to my retirement plan like 5 years out from SS age to account for the new taxable income should it still be a thing.

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sunbleach_happypants@reddit

Yes! I got in trouble as a kid for suggesting SS would disappear before I could collect mine. I was just repeating what a cool, older person said but apparently it was unpatriotic or something to suggest the possibility of a fallen empire and failed democratic experiment. Suck it, grownups from back then! I wasn’t *that* crazy, was I!?? I mean, let’s still hope I was wrong tho

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loco500@reddit

To be fair, if those grown ups are still around they likely voted fro the same "public servants" currently planning to gut the entire SS department...

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badbios@reddit

> the entire SS department... Of course they are, they have other plans for the name

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lia-delrey@reddit

It took your comment for me to finally understand they're talking about social securizy (hopefully). Kinda speechless before lol

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No-Scar-905@reddit

Same here. At my first job was figuring out 401ks and have never included SS in calculators. Had to make life adjustments accordingly, but I'm getting the hell out of the workforce af an appropriate time. I see how older people are treated in corporate America and it is not pretty.

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DoctorFenix@reddit

My mother planned to retire at 62 with full benefits from her employer. When she was 60.5 years old, magically she started being written up at work for no reason. Literally blamed for calendar mistakes and things outside of her job description. This went on for a full year and she was then fired at 61.5 years old. The same exact thing happened to 17 other employees her age. Someone at the top decided they would not be paying out full benefits to anyone. An age discrimination lawsuit was filed. But they had documentation that everyone had all been written up for poor job performance for a year prior to being let go. That was all they had to do. She retired with only partial benefits and could do nothing about it.

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Trickam@reddit

I would have fell down the stairs or something and used FMLA to F them.

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cortesoft@reddit

Even if they didn't fire her, so many of those companies with defined benefit pension plans ended up declaring bankruptcy and wiping out the pensions anyway.

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dontbajerk@reddit

That's why they're government backed now.

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PersianCatLover419@reddit

This happened to my friend's partner, he was fired from a large West Coast city library he had worked at for decades, denied his full pension, etc.

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No-Scar-905@reddit

And that's exactly what I mean.

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DarkenL1ght@reddit

This is why a lot of Boomers get hate from younger people. My Dad is living solely off of Social Security; complains young people are 'crazy' for wanting a 6-figure salary and are entitled....while they pay for his Social Security that they won't have, or if it does exist it will require them to wait until they are older, and it might be for less. Social Security was a huge mistake. I'm living in a house that Boomer's would have grown up in, driving a 12 year old vehicle, trying to make repairs as I go while saving for my retirement, as well as college for kids. Even with a relatively high salary, I still feel very much squeezed. If you saw how I lived, you might assume I'm lower-middle class, but the salary numbers for my LCOL area suggests I'm probably upper-middle class. Things are rough out there for a lot of people.

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Dark_Shroud@reddit

Even the union benefits are nowhere close to what they were just a twenty years ago. Millennials that didn't get into those contracts in the early 2000s are just as screwed as Gen Z, being used to pay up into the fund for the Boomers that won't retire.

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DarkenL1ght@reddit

I'm not pro-union. I'm not anti-union. I've seen them get well-deserved pay and benefits for workers. I've seen them cost family members their job by demanding too much. Unions are as good as their leadership is. At my place of work, I am part of a very small group that is non-unionized, and in my very small personal experience so far, I'm happy where I'm at. Our pay is comparable, maybe even slightly higher than our non-union counterparts, and there is no additional bureaucracy created by a union, and of course no dues as well. However, if you like your union, and you feel it is benefiting you, I have no problem with that either.

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notafanofwasps@reddit

> Social security was a huge mistake Social Security has 90%+ approval nationally, keeps 2/3 of seniors out of poverty, and if nothing at all was done to save the trust fund, people would continue getting 83% of their benefits in perpetuity. If the income cap were raised to capture 92% of all income like it did in 1937 (today it captures roughly 84%) then the trust fund would never run out either. It is also bound by law to never contribute a dime to the national debt; it funds itself every year. Social Security is poverty insurance for the elderly and there arguably has not been a more successful or universally praised program in this country. It is a shining example of what's possible when people do actually pay their fair share and every American can benefit with no means testing or state/local governments even potentially withholding benefits. That's why it's called an entitlement program. We are entitled to it simply for being Americans.

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DarkenL1ght@reddit

I think its objectives are noble, but the implementation leaves a lot to be desired. If it were invested into individual accounts that just invested into an index that tracked the market, I'd be all for it. This was actually one of the only policy proposals of George W. Bush that I agreed with, and it failed to get passed. The way it has worked in our life time, is every few decades we realize its unsustainable, then we reduce benefits, and don't make the structural changes needed to ensure it doesn't happen again

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ezgomer@reddit

strangers who come to my house always assume I am broke. telling me about government assistance programs for cell phones and such. i make $115k a year in a MCOL city. I don’t look it though because 50% of my pay goes to retirement and various sinking funds.

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DarkenL1ght@reddit

We hit our highest HHI of 160k last year, by far our biggest year, which will almost certainly go down this year, with 130k coming from my income. However, I spent 17 years making very little, like "how did they survive?" income, to average income. After that, my income has went up dramatically, but that has just given me the means to try and catch up. 40k in home repairs that was long overdue last year (need another 50k repair I'm saving for), starting a 529c for both kids which I couldn't previously afford, getting my retirement on track, which I should be, by my math, on track around age 43 or 44. I think that's also about the time when I will feel like I will have some breathing room and less anxiety, assuming no catastrophes happen. That will be right around the time my oldest will be prepping for college, and my youngest will be in high school. I'm fully prepared for the day when my kids will get out of the house just in time to see us having the margin to do things on our terms and wonder "WTF!? We always lived life like we were poor, and you guys were 'rich' the whole time!"

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Dark_Shroud@reddit

I've tried warning younger people about saving and they loose their damn minds at basic shit like putting away $20 a month as a starting point. They're going to be in bad places by the end of this decade. Meanwhile a fair amount of Boomers are going to end up in Government rest homes. Because they somehow thought social security would be enough for them.

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bain_de_beurre@reddit

SS is not included in my retirement plan which means if it *is* still a thing when I retire, it'll just be a nice little bonus and not a necessity.

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MillardFilmore388@reddit

If they're gonna cut SS. Then they owe A LOT of Americans A LOT of money. I have saved my paystubs since I first started working at age 15. I know it's a futile gesture, but I am going to relentlessly send letters and protest to get my money back if they stop SS. Because, you know, that's theft. Which is illegal. I will die on that effing hill, and I am not sorry about it.

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Gruesome@reddit

Same here. I'm 63 & have paid in since 1976 & am stuck working because I'm undergoing chemo right now until summer. Have to have the health insurance. And who the hell can afford COBRA?

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AcceptablyPotato@reddit

Even for those of us that didn't trust that we could count on SS and planned accordingly, our investments are all getting decimated by this idiotic trade war.

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madogvelkor@reddit

Just keep buying. We won't need them for another 20 years.

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imnojezus@reddit

Same, but now I get to watch my 401(k) shrivel and die too.🫠

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jkrobinson1979@reddit

I’ve been putting around 16% into my 401 for the last 6 years. I just dropped it down to 1% to keep my employers match and am buying gold with it every month until I know how this shit show is going to shake out.

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jkrobinson1979@reddit

It won’t be gone when we get there, at least it wouldn’t have before a couple months ago. It was likely we were only going to get 75-80% of what we were owed so I’ve been planning on only getting 60% with ss only being a quarter of my retirement. Now who the hell knows?!

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PersianCatLover419@reddit

Same. Suze Orman is a godsend and very helpful.

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Due_Shirt_8035@reddit

I’m sorry but if there’s no SS then nothing else matters - we would be living in an actual dystopian post civil war / uprising America and no one will have to worry about retiring. Soooo you plan accordingly with SS or you may as well just forget it. There being no SS means that the govt actually and literally stole from us. Directly. No ‘ taxation is theft ‘ shenanigans or bullshit.

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Global-Jury8810@reddit

They did say that didn’t they? I ended up collecting disability which they call retirement anyway. As if you were retired from the workforce due to disability.

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Reggaeton_Historian@reddit

> They did say that didn’t they? Yes, which is why I'm surprised younger Millenials are surprised to find that out years later.

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SpiceWeasel-Bam@reddit

it's old age survivors and disability insurance.

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cloudydays2021@reddit

Same here. I was at a spoken word performance by Jello Biafra when I was about 18 and he said that SS wouldn’t be there for the younger people in the crowd, and it resonated. We have no kids, no student loans, no debt and own our place. We have a unique situation from most.

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anpandulceman@reddit

It’s a holiday in America 🇺🇸 where people can’t retire 🎶

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ylimeenimsaj@reddit

Me too. It feels as much jn peril as ever. I never factor in the what ifs. They will just be gravy if they do exist when it's "my turn".

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Most-Vermicelli4225@reddit

Don't live beyond your 40s

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blowninjectedhemi@reddit

Plan is to retire at 67 but that assumes no major financial disruption. I'd say work until I'm dead or medically KO'd seems much more likely at this point. My dad is 82 and still works a regular job. Although I think he's gonna have to stop due to medical issues. So maybe I can retire at 81. Do a little better than my dad.

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Impossible-Front-454@reddit

I plan to commit suicide before I'm to old do to so. So probably in my 40's or 50's, if reasons to die stop showing up.

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Mikey6304@reddit

I bought a tree farm that is a 20-minute commute to a major city for cheap in 2013. They will be ready to harvest next year, and if we are still putting tariffs on Canadian imports, it should pay off the mortgage. If the USA still exists in some form remotely similar to what I grew up in, I should get one more harvest before I hope to develop the land into single family homes as a retirement when I am in my late 60s.

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ChutneyRiggins@reddit

Probably not 60 but 65 is my goal.

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AdPleasant2406@reddit

Same. I'm on track to retire at 65 assuming there isn't like nuclear holocaust or a complete decimation of the global economy.

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Bubbly_Positive_339@reddit

62…I’m going to retire from corporate life and then be a consultant for the next five years because I have very niche specific industry knowledge.

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AcadianTraverse@reddit

That's what I did last year. I retired from my company, took a good amount of time off, then set up a consulting business. It's not a ton, but it covers my share of the living expenses, and keeps me involved in the workspace unless anything really interesting comes up. I've come to appreciate how much more I value time and flexibility compared to pure financial reward in my life.

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GoodOlSpence@reddit

Yeah I'm set for 65. I have a couple of retirement accounts going.

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ace_11235@reddit

I want to do 60 rather than wait for 65, but it all depends on the market between now and then. If we take a huge dip in the market leading up to 60, I may have to work longer, but by 65 I would have (hopefully) social security and my pension, so I can at least retire then. Investments-wise, I could have $3 million in my 401k, or I could have $6 million....who knows at this point.

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ChutneyRiggins@reddit

You’re lucky to have a pension plan. That’s becoming rarer all the time.

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ace_11235@reddit

Yeah, one of the perks of a gov't position. Of course, we also make less than a private sector employee doing the same job, but for a lot of us it's seen as a way to serve the country. And it's extra rough right now!

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mousicle@reddit

I'm in the same boat. Right now I'm looking at having about 1M in my retirement accounts when I hit 65 which should set me up for a pretty soft retirement. If I go 5 years early it really reduces the withdrawls I can make. I am looking to see what I can do if I keep a part time job for a few years though.

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Tronbronson@reddit

Most retired people I know end up needing a part time job to feel sane and whole. You don't work for 40 years and then suddenly know what to do with 80 hours of free time a week.

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mousicle@reddit

Yeah but at 60-70 I want a part time job because I want something to do not because I need it. I want to be able to quit if they won't give me time off for an extended vacation not restrict my life because I need that 30k a year.

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Tronbronson@reddit

Correct. I was just saying certain people need kind of structure and fulfillment. Volunteering can also fill the void. they kept an office for my grandfather until he was like 80 just because he liked coming into work. My mom worked more after her retirement at 65 than she did before. She's adjusting now and starting to travel more. But it was shocking watching half the family working past 70 just because they didn't know anything else.

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archetype28@reddit

Yeah 62 is the latest I'm gonna work.

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AdPleasant2406@reddit

I'm on track for my target of 65. Let's just hope there isn't a decades long economic setback that will fill my plans. 😬

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LateRecognitionLimit@reddit

I tell my older coworkers about my "redirement" plan.

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badteach248@reddit

I will be working into my 70's...it's my fault.

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MelodicPaint8924@reddit

I married a Baptist pastor. I believed the whole "God is my retirement plan" BS. I woke up to reality at 40, got my Master's, and went back to work. We are so broke, I hope I can work until I die. Homelessness in my older years is a real possibility at this point.

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BraveG365@reddit

I thought preachers did pretty good when it comes to making money?

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badteach248@reddit

Nooooo. The vast majority do it for free or very little money. The pastor I worked for back in the day made 20k a year from the church, but he was also a plumber on the side. The pastors you see flossing their money either have massive churches, or are basically stealing. But most aren't.

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BraveG365@reddit

I know of one pastor who has what I would consider a medium church....but I dont know how size goes with donations but from the numbers they put out publicly they say they take in about $70,000 a month of donations. I know when the pastor got his house he had it paid off completely in about 12 years and him and his wife seem to wear nice clothes they travel a lot but they do drive older cars. I just get the feeling they are banking it all for retirement savings and are doing better then they let on.

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badteach248@reddit

It's possible, but more than likely he's making a modest amount. It's commendable that they put the numbers out there. So many shady churches keep the numbers hidden.

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rjselzler@reddit

A minority make stupid money (“mega church” pastors); most make way below market for the level of education and hours in a comparable position in industry.

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MelodicPaint8924@reddit

Depends on the church. Our church is decidedly poor. He can go months without receiving any pay. He is still faithful, no matter what. Not so fun when you realize god is not coming to our rescue.

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rjselzler@reddit

This burns me up. I do church health consultation and hear this stuff all the time. It’s irresponsibility masquerading as virtue. Good for you for realizing and changing!

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badteach248@reddit

Omg... I relate to this but in a different way. I worked for a church for 12ish years. They didn't pay into social security or any type of retirement at all. I started teaching late as a result of a faith crisis.

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Sal_Paradise81@reddit

Well if you were a better teacher…

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badteach248@reddit

Lol I transitioned into teaching in my 30's. I enjoyed my 20's and the fun, and travel...but I kick myself mentally thinking about how I could have started in my 20's and been set.

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DrewBaron80@reddit

Same here. Thankfully my wife makes more money and has a pretty robust retirement plan.

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Sal_Paradise81@reddit

All in jest. And I totally feel you. I was a touring musician til the pandemic. Then I had a kid at 43 😂. I’m JUST now starting my adult life and I’m pretty sure I’m actually going to die working.

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Simply2Basic@reddit

Our plan was to both work decent jobs, live below our means, save money every payday, and plan for an early retirement. That was fine until the cancer diagnosis. Even with half decent insurance from work it wiped out our savings and stopped 401k contributions for several years. My partner is in full remission but can’t work anymore due to complications from cancer and chemo. I’ll be working much longer than planned for the money and insurance, but we are still together.

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Ok-Mine1268@reddit

Retirement plan for Xennials: 1. work until 80 2. OD on fentanyl onto a bonfire as to not inconvenience anyone with a mess.

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TP_Crisis_2020@reddit

My plan was to just go hike multiple days as far out into the absolute most remote wilderness as I can, then take all the drugs and OD there so that the animals will take care of my body. Then it will just be a "missing person", instead of a tragic death.

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LucilleLooseSeal123@reddit

I can’t tell if you’re joking, but same, and honestly it was a little refreshing that other people are even joking (if not serious) about something like this. The fuck else are we supposed to do.

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WhySoSerious37912@reddit

This is the way.

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Uhh_JustADude@reddit

This is the way.

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therealdebbith@reddit

Take me with you.

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underwearfanatic@reddit

Can we OD on avocado toast instead?

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Inquisitionfire@reddit

I retired at 48 it got boring quick then I did charity work totally worthless then I found the most demeaning job ever with low pay and horrible hours I'm so happy now.

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RunZombieBabe@reddit

My work has to keep me until I am 72, hopefully I have enough savings to make it to 72 ½

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BeckyIsMyDog@reddit

Goal is to find a job that is fulfilling until I die. I’m not the type of person who can putz around the house all day or watch shows. I have to be physically ill or unable to do stuff to lay around.

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Irunthis77@reddit

“Sometimes dead is better”

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9879528@reddit (OP)

Cheer up Dude!

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Murky_Ad7999@reddit

I'll be able to retire at 50. Whether I do or not will depend on my job satisfaction at the time, which is currently quite high.

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paxilsavedme@reddit

I can’t help laugh when I see this meme guys face, anyone know who it is?

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all_ack_rity@reddit

![gif](giphy|kMeriAth0OagyhOUsP)

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SeasonPositive6771@reddit

My father retired at 54. He's now 73. Absolutely luxurious government retirement benefits that haven't been available to new employees for decades. I've been working full-time since age 16 and I'll be able to retire around age 200 maybe? I have a genetic health issue and every time I get a significant amount of money saved, I have a medical problem that means I have to restart from zero. I spend more than $10,000 most years just to stay alive. And those are the good years. I did everything right, I went to school for what was supposed to be a secure career that didn't pay glamorously, but had good benefits. Over the course of my career, I've seen those benefits stagnate, and then just disappear. I'm 44 and perimenopause has hit me incredibly hard. I have no idea how I'm supposed to make it another 20 years or more.

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Woyaboy@reddit

It’s also heartbreaking how many boomers are still working and holding on to their high paying positions that we all know is just going to get folded up and distributed amongst other employees once they finally retire.

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SeasonPositive6771@reddit

Yes, I was laid off by an executive director who could have retired 20 years ago. But she just will absolutely never do it. So many people have not been able to progress in their careers because boomers take too much of their identity from their work.

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Lioness_lair@reddit

I hate to bring politics into this, but this is a bipartisan issue. Our US politicians are old. There I said it.

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Suavecore_@reddit

Not only that, but their absolutely massive lifelong 401ks have been skyrocketing in the last decade (though this last month should have many of them very worried). They can make exponentially more in that 401k if they don't retire yet, not that they need it

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Gruesome@reddit

Same story. My mom was SAH til the youngest was in school. She got a state government job, put in 20 years, was offered a $50,000 buyout to retire early, sweet pension + social security. Me? Not even close! I'm 63 & kinda terrified ~

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Jonkni68@reddit

65

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Aggressive-Fail4612@reddit

Plan is to retire at 55. Probably not in the US though

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ascensioni@reddit

Eleven minutes, in THIS economy???

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SuspendedAwareness15@reddit

55 or sooner.

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Lilacjasmines24@reddit

Yes that’s me

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HarryHatesSalmon@reddit

Retirement isn’t 60 anymore, is it?

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Mobile-Ad2275@reddit

Imma retire tomorrow but 😔😔😔 money

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AdAggravating8273@reddit

Retired at 46, 2 weeks ago. Life is finally good.

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brockisawesome@reddit

i've seen so many people retire and go down hill quick, i dont mind working until like 70

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RudeAd9698@reddit

I’m 61, not retiring until 70, if then

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9879528@reddit (OP)

I’m a 72 year old boomer that retired 10 years ago. I worked 35 years at the same place. Retiring when debt free is the only way to go

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Sk8rToon@reddit

I think it already did. I created my SS account recently to prevent someone else from getting it first & the retirement estimator started at 62

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mcjon77@reddit

Yes. But only because I'm going to retire outside of the country. More of us need to seriously consider retiring outside of the United States. Our money goes a lot farther. I first learned this almost 20 years ago when I was working in Costa Rica. I met older guys who would retire there and we're living comfortably on just their social security. They weren't living in super luxury, but they had a nice middle class life and apartment while never having to worry about how they're going to pay their bills or feed themselves. Well Costa Rica has gotten more expensive over the past 20 years, there's still multiple countries where we can do this. Thailand, the Philippines and Colombia come to mind. I've also heard good things about Vietnam and Indonesia if you're looking for an even lower cost of living.

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DreadpirateBG@reddit

I would retire now if I could. I want to do it at 60. I will probably not have the money but I can not imagine working past 60 in my current role. And I am an engineer at automotive parts supplier. Which usually is stable but it’s been crazy lately and I don’t need to be ordered around by 30 year olds who really know shit

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Katniprose45@reddit

I have like $700 in the bank, and I'm halfway through my debt consolidation plan to pay off $25k in credit card debt after quitting my job to do Real Estate for a year from 2022-2023 while in a high-functioning psychosis where I was convinced money wasn't real and cashed out my 401k and smoked a bunch of meth. My retirement plan is to die.

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juicydreamer@reddit

What happened with real estate? Do you still do it now?

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Katniprose45@reddit

I didn't care for it. Had to be all over Facebook, YouTube, TikTok, Instagram, etc. I don't use those anymore, Reddit is pretty much my only Social Media type account. I also didn't like the way it forced me to view other people as a potential paycheck. I felt like I constantly had to be "on", at a time when I really wasn't okay. Plus you can make $15k one day but then you might not get paid again for another 6 months. Made it really hard to budget. I like having a regular paycheck, and knowing what it's going to be. Currently I'm working as a leasing agent. I was really good at contracts, and the "legalese" type stuff that other people hated.

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gottarespondtothis@reddit

Well I hope you at least had fun Lol.

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Katniprose45@reddit

Thankfully I'm okay now, mentally. Just poor.

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Gruesome@reddit

Well, the mentally part is kind of necessary. And the $$$ part is, too. What's helped me is realizing your life isn't always sucky in every area all the time. Sometimes work sucks. Or sometimes your home life is walking on eggshells or being pissed off, & that sucks. Or your kids are the misbegotten spawns of Satan, that sucks. And having to deal with that can be incredibly WEARING on a person.

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Katniprose45@reddit

Shhh, mine will be 18 in a year and a half and never hit his spawn of Satan phase! I don't think he ever realized it was an option! 😅

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Katniprose45@reddit

It was certainly an experience.

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CosmicBewie@reddit

I’m glad you made it out of that. I hope everything goes well for you from now on.

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TP_Crisis_2020@reddit

Yup, I live my life with the expectation that I won't even make it to 60!

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Katniprose45@reddit

I did that with 30, which is how I wound up here in the first place. 😅

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therealRustyZA@reddit

I feel attacked.

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Long_Lecture_1080@reddit

Child-free and mostly single seems the sensible choice in this world now

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After_Match_5165@reddit

I have a pension from working the same job I've done since I was 20, but if it wasn't for that I'd have absolutely nothing. I can retire at 55 with a fairly unreduced pension because I have been working there for so long, but if I choose to do that I'll probably go back to work part time to be able to keep paying into my benefits, which are necessary for me to be able to afford the medications I need.

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Eyeseeye2eye@reddit

Currently 40. On track to retire at 55.

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pregnantandsober@reddit

Good job!

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Eyeseeye2eye@reddit

Thank you it wasn’t easy. They don’t make financial literacy easy to master.

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TheDivine_MissN@reddit

https://preview.redd.it/xiuzb4kocwoe1.jpeg?width=666&format=pjpg&auto=webp&s=c8017a83364b452c1f5bd571b656df9240f49ba5

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AlarmingTurnover@reddit

I'm soft retiring at 53. Once my son leave for college, I'm out. Kids out the nest, I'm out the grind. I did my time, made a huge bag. At that point it's time to travel and spent all my time with the wife until one of us dies. Probably will be me after about a year or so of her having to look at me every day without any distractions.

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pregnantandsober@reddit

Sounds good. I wish my bag were bigger than it is, so I'll need to work a bit longer than 53.

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RebeccaC78@reddit

I’m planning to at 55 from my civil service job with a pension and hopefully a nice big retirement fund. But I’d like to find other work after that, not sure what yet, I still have a ways to go.

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OMG_NO_NOT_THIS@reddit

I'm hoping to retire in the next 10 years or so. Wanted to do it at 45 but damn kids are expensive.

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mileysadie@reddit

I am 60. I'm close. If I retire now I could probably make due but I want to keep working long enough so that I won't have to downsize my life so much. And I like what I do for work. It's exhausting some days but it still fills my bucket.

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EatLard@reddit

I currently have a pension and a couple of 401ks, along with my wife’s retirement savings and whatever will be left of social security in 25 years. By the math on the company retirement website, I should be able to retire at 65 and maintain my current middle-ish-class lifestyle at least until statistics say I’ll be dead. So there’s that at least.

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FunTimeTony@reddit

Nope! 56… just 15 more years! I joined the Marines after high school, went to college for free after, and now I’m a public school teacher. I have zero college debt bc of my military service, I’m a disabled vet so I get compensation for that, sold a house and made a solid profit and I rolled that into my retirement, and I’m working for a pension. Since I’m a veteran I can retire early from the state with having only 25 years of teaching. Life is good and it all stems from joining the military and serving my country.

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stykface@reddit

I wouldn't know what to do with myself. I gotta do something! Lol I own a business so at 60 I'll probably be almost fully bought out with the new stock holders of the company. I'll take a little corner office and just be the positive vibe for everyone who thinks the bottom is falling a part when it's not, just need a good plan and strategy and communicate to the client well. That is "if" my type of industry still exists when I'm in my 60's. It's tech design based.

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Sean_theLeprachaun@reddit

Jokes on him. That 11 minutes is on life support and he can't afford any longer.

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Comfortable_Acadia96@reddit

I am retiring at 60. My only bills are a credit card I owe 16k on it. (And rent and living of course) I plan in not paying my credit card. Live south for most of the year. Spend all my money. My last check will be to the undertaker and it will bounce. But, reality will set in, and I will work until I die. Or will I? 🤔

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NecessaryWeather4275@reddit

Oh I can retire now then and just live comfortably while I process the paperwork. Same thing.

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mustard-plug@reddit

67 I think I should be ok (RN) unless there's a very serious depression and my 403b turns to poop

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Typical-Human-Thing@reddit

I'll never be able to retire.

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207Menace@reddit

I have 10k in my 403b. Its back to where it was in 20 before the market tanked. *laughter turns into wracking sobs*

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Tasty-Property-434@reddit

At 39 with no kids I was thinking 48 or so. Now at 45 with 3 kids I'm thinking never.

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SnillyWead@reddit

Wow 11 minutes. I don't have to work anymore and am not officially retired yet.

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jamesbrown2500@reddit

Already one year late

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Alive_Size_8774@reddit

Rather be dead at 12

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soft_white_yosemite@reddit

LOL

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steathrazor@reddit

More and more I am convinced I will die at work at the age of 60 something with no chance of retiring completely

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Conscious_Curve_5596@reddit

I don’t think I can ever retire, unless I learn to enjoy alfresco living and intermittent fasting for days.

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Stellarfarm@reddit

Said Millennials First……

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Tough-Ideal6900@reddit

11mins? Show off

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RandeKnight@reddit

Current plan is to work to 65, run out of money at 88 and then go on a date with a N2 mask.

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whakashorty@reddit

Was supposed to be 50. But now doing job share until 64. So happy.

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Whatever-999999@reddit

Gen-X here, actually, and I *am* 60, and I know damned well there is no such thing as 'retirement', I'm working until I drop dead -- although if they fuck with Social Security, I may try to get a few million Americans together to sue them for all the money we've been bilked out of all these decades of working.

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jackfaire@reddit

I'm 44 and still trying to get to the financial point where I can have a social life in my 20s and 30s.

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Useful_Combination44@reddit

55, military retirement is good

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Calabris@reddit

Sounds about right

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ColoOddball@reddit

I’ll have enough to buy one of them cool vans you can live in and there should be a lot of used ones by then.

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PieInTheSkyNet@reddit

You die in the war that historians don't live long enough to name. Or when you run out of food or water amongst the ruins. Or when you drop your guard and a fellow survivor shoots you in the back. Failing all that the blood sickness will get you.

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ihadagoodone@reddit

Freedom 85 plan. Been on it since they started talking about raising retirement ages when I first entered the workforce.

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NatasLXXV@reddit

What is this retirement you speak of

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rjselzler@reddit

59 1/2 hits my “rule of 90” for state pension so I could fully retire then. I’ll probably work to 65 though, because I enjoy my field (education). I’ll just draw my pension while working those last 5ish years and invest it.

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Dear_Distance_597@reddit

Only if my mom dies in the next 5 years. Sad but true.

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blah202020@reddit

Im retiring at 45

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trer24@reddit

Retirement will be outlawed because the billionaires want to keep labor costs down by keeping the labor pool high.

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Uhh_JustADude@reddit

But they also want to keep healthcare costs down. Sorry, but we're going to have to add some more Logan's Run to our dystopian future matrix.

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therealdebbith@reddit

I see you

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adx@reddit

Time to fire up the death panels.

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VWBug5000@reddit

That’s what all the red states are pro child labor these days

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BoggyCreekII@reddit

I'm planning to not ever retire. Fortunately, I have built a career that I can enjoy doing well into my old age (writer.)

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Tronbronson@reddit

write on brotha man.

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Rich_Celebration477@reddit

I see what you did there

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therealdebbith@reddit

![gif](giphy|bezxCUK2D2TuBCJ7r5)

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Intrepid-Scheme4159@reddit

❤️

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NoTackle334@reddit

Planning, what is that??, I failed to plan and plan to however thay saying goes...broken dreams but clinging to hope more like it.

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A_Walrus_247@reddit

I'm going to work until I have a major medical episode like strike heart attack etc. Then I will become a ward of the state and move into a low quality nursing home, where I'll be abused and neglected on a daily basis by low paid soulless workers while waiting for the end to finally come.

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Rad_River@reddit

I'm looking at 72 and I've been saving my entire career.

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jblaze805@reddit

I can die right now and be content, fuck this place

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Mundane-Top9167@reddit

Dawg I ain’t even gonna make it 40 let alone 60.

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Bubbly_Positive_339@reddit

60? That’s young congressionally speaking.

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Gruesome@reddit

It takes a while for them to fossilize. I mean, look at Mitch! Or Chuck Grassley!!

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Bubbly_Positive_339@reddit

My favorite is that woman that was in hospice and just got busted.

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pug_fugly_moe@reddit

Mine’s a little complex: the earlier of 70 or RMD age if we’re not in a bear market. Later if needed.

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tapeworm4602@reddit

That's 9 more minutes than I get at 115

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Ldghead@reddit

I am, although my math is telling me I might miss by a year (currently 52).

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N8saysburnitalldown@reddit

Not at 60 but I am on track to retire. I live in America you don’t get Medicare until 65 so I don’t see what you do for those 5 years if you aren’t at least working enough for a health plan.

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gogogadgetdumbass@reddit

I just said to my boyfriend I’m not gonna retire unless one of my kids decides to retire me, otherwise I’m gonna work until I die.

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tPTBNL@reddit

“I've got all the money I'll ever need. If I die by 4:00.”― Henny Youngman

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thegholahayt@reddit

The "retirement" plan is to just do a fuck ton of heroin when I feel like I'm completely done with working and life.

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UnMeOuttaTown@reddit

11 minutes is crazy - think of all you can do in that time

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HausuGeist@reddit

No time to retire; just expire.

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Bibblegead1412@reddit

Lucky fucker

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alehanjro2017@reddit

Retire? That's funny.

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aplarsen@reddit

50 at the latest

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Gemini_writer8@reddit

I don't know that I'd ever fully retire even if I was independently wealthy. I've seen what early retirement has done to my family members, and I'm not interested in following in their footsteps. My uncle retired at 55 and died at 70. He didn't travel or do much of anything except go to the market 3 times a week and do some very light house cleaning. Oh, and hang out by the pool in the summer. My mom retired around 60 and mostly sleeps all day. She's 73. I personally don't deal well with boredom, and I need a reason to get out of bed in the morning. Ideally, when I'm 60, I would switch to a part-time job where I am able to get out of the house, talk to people, and make a little pocket money.

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Phyzzx@reddit

I was eligible to collect the bare minimum pension last year when I was 42. I stayed with one company since 19. I'll keep building that up max 9 more years now to my full paycheck vs 73% I'm at currently.

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Don-Poltergeist@reddit

I plan on retiring at 65, then living 5 years spending every penny of my 401k doing anything I want, then I’m done at 70. I’m hoping some kind of legal euthanasia exists by then. I’ve been the caretaker for several older family members in there last few years, and it no way to live. I don’t want to be left to rot in a nursing or be a burden on family members.

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RyanAlemeda@reddit

That’s why I don’t understand the gen xers who voted for this current administration that has been threatening to kill social security and retirement for years. Unless you were born rich the majority of us will die still working.

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CheWhEeEeEe@reddit

63! Cannot stress enough to talk to a financial advisor. They don't cosr anything for a consult, their profits are based on your profits. They can at least point you in the right direction on how and what to do with finances, no matter how much or how little you have

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IlludiumQXXXVI@reddit

Growing up there were always commercials on TV for "freedom 55" so I assumed that everyone retired at 55. I was always fairly frugal but didn't start actually doing projections on my own retirement planning until me mid 30s. I'm definitely going to be free at 55, lol, but I think I can do 60 as long as my kids don't all want to go to private universities.

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vallogallo@reddit

Bruh who retires at 60 aside from rich people. I'll be working until I drop dead at work literally how my mom died

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9879528@reddit (OP)

It’s nice when we can keep family traditions

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TheHarlemHellfighter@reddit

It’s funnier because I just watched a YouTube short video on the man in the meme 😂

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AppropriateTouching@reddit

I stopped putting into my 401k currently. Shits getting weird.

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Rich_Celebration477@reddit

I’m 47 and just cashed out my teachers pension from my 20 years teaching. I have dwindling confidence that it would be around in 20 years. My father was diagnosed with aggressive MS when he was around my age and by 60 he was in a nursing home and spent 100% of his time in a wheelchair or bed. I just bought a 20 year old ford ranger and I’m going to drive it across the country and see some things and hopefully find a 2nd career that is something I can do until my hopefully sudden and non-debilitating death. 60 isn’t guaranteed fuckers. Get some while you can.

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ScarlettWilkes@reddit

My husband thinks he's going to retire at 52 😂. I don't think I'll ever really retire. I have a lot of hobbies but I really like the routine I have now. I work from 10:00 am to 2:00/3:00 pm most weekdays. Some days I only work an hour or not at all. I just don't want to retire.

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WeakExpert3179@reddit

House will be paid off when I'm 37, I plan to take a career break and travel for a while and decide on wether to keep going as I am or slow it down and focus 80% of my time on family and social life (its 50/50 split between work and family now)

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CandiSki@reddit

With my county pension, I plan on retiring by at least 55.

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EricRShelton@reddit

My target goal is 65, but we'll see. I'm an older dad and my kids may need help, and one political party in my country keeps talking about fiscal responsibility but then trashing the economy, which plays hell on my 401k. Honestly, I want to work even in retirement. I just want to do what *I* want to do. If the house is paid off, I could likely do woodworking out of my garage full-time and be okay. I just want to make things that bring people joy.

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Slownavyguy@reddit

55 is sort of my goal. Youngest would be done with college. But I like my job and it’s not physically taxing and what would I do?

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BlooregardQKazoo@reddit

58 is my goal (20 years for my pension). I do not like my job and I will take my dog for a walk at a nice park and do a puzzle every day. It'll be glorious.

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Plum12345@reddit

I also have a state pension but I have a young millennial wife so I need to go to 61.5 to get the full pension.

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jfi224@reddit

Your kind aren’t welcome here. /s

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Slownavyguy@reddit

Oh I know! 😄 That 20 year Navy pension helps. I’m pretty much ready to hang it up and watch Saved by the Bell reruns from here on out.

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boringsuburbandad@reddit

The Navy pension is the only thing giving me hope right now, but we also waited until I hit my 20 and we settled down to buy a house, so odds are I'll have a mortgage until I'm at least 65. But between the pension, TSP, 401k, and a few other investments I think I'll be able to stop working full time around 60. But the past few months have been a little stressful, so who in the hell knows.

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Slownavyguy@reddit

Yeah, we bought at my 17 year mark. It at least coincided with ridiculously low mortgage rates, so I don't even mind keeping it around for the full 30.

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boringsuburbandad@reddit

The Navy pension is the only thing giving me hope right now, but we also waited until I hit my 20 and we settled down to buy a house, so odds are I'll have a mortgage until I'm at least 65. But between the pension, TSP, 401k, and a few other investments I think I'll be able to stop working full time around 60. But the past few months have been a little stressful, so who in the hell knows.

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Tronbronson@reddit

Hahahaa you earned it brother. I'm on a 90's TV kick as well.

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Deranged-Pickle@reddit

I plan on leaving the country when I'm 62ish. Spain, Portugal, or Brazil

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OutkastAtliens@reddit

Hopefully before 60. But my plan of for 60/62ish

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doomsayeth@reddit

When we hit retirement age, there will be plenty of empty houses.

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VanGroteKlasse@reddit

Sounds like US defaultism, I'll retire at 67 with my state pension that's ranked in the top 3 of pension funds in the world.

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bravosierrapolitics@reddit

Abso-freaking-lutely!! 60 is my goal.

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ScottyDont1134@reddit

Retiring???? 😅😂🤣

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LMurch13@reddit

We were screwed as soon as they stopped offering pensions. Plus, home ownership allows you to retire. If you are paying rent, social security isn't going to cut it. If you own your home, you have a shot.

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ljf137@reddit

No later than 55.

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JayRoo83@reddit

I swear there’s dozens of us who started saving in our early 20s **Dozens!**

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mogsoggindog@reddit

Yeah, I plan on retiring at 60... and then living in my car for a few months until I starve to death. Fuck it, I ain't got no kids! ![gif](giphy|HYmi2suykmaNG)

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atomsforkubrick@reddit

Sure, if I unexpectedly come into a shit ton of money. Otherwise, not a chance.

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Moof_the_cyclist@reddit

I retired a year ago at 46. I saved steadily with early retirement in mind and basically had no bad luck along the way. It has been a long road from growing up with a single mom on welfare.

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TheThrivingest@reddit

I technically can retire somewhere around 60. But if I’m not too tired, I’ll keep working part time. I enjoy my work and it pays well

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fuzzybunnies1@reddit

Nope, wife and I are at the extreme ends of what's considered xennial so I'll want to wait till she's around 62 to retire. I've got a solid pension being built up, she's got an OK one but just jumped fields so it isn't getting better but will help. Both have some 401k investments with close to 20 more years to go they'll be a nice pillow. We're hoping to move next year and buy a house, if that works we should be set, though who knows with how things are going.

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windowschick@reddit

70. If I'm lucky. This plan sounded better at 21.

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slademccoy47@reddit

Retirement is like Santa Claus for Millennials and younger.

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Bunnyeatsdesign@reddit

The pension age is 65 in my country, so 65. NZ pays couples aged 65 and over $803 NZ per week. My husband will qualify before me and he will be getting $482 per week for 6 years before I qualify. We could comfortably live off $803 per week once the mortgage is paid off.

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Background-Month-911@reddit

I have Ukrainian citizenship. I'm thinking about going back there and volunteering with territorial defense. I hear it's easy to retire young from the military.

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GinchAnon@reddit

Man... if we haven't gone singularity and are still having to work for a living in 17 years from now we will have bigger problems than retirement.

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Sweaty_Pianist8484@reddit

At this rate I’ll be retired by 44.

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CouchHam@reddit

I can’t see a future in which I can retire. I’m still saving for it, but you know.

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IAmPandaRock@reddit

The plan is to retire from my regular full-time job at 65 (maybe slightly earlier), but still work part time on interesting projects at my leisure.

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Hungry_Reading6475@reddit

61, DH is 4 years older so I have to wait until he can be on Medicare, but we should be able to pay for my insurance until I can sign up.

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Improving_Myself_@reddit

Hell no. If my current plan works out, I should be semi-retired this year at 35.

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Evening_Warthog_9476@reddit

What’s retiring lol I’m single and I have a 16 year-old daughter and as soon as she goes up to college, I’m doing van life where I can actually save money. I haven’t saved a dollar in 15 years lol I’m probably gonna be changing my whole career at 47 lol

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confuzedas@reddit

1975 here, my silent generation father taught me and my brother that saving and preparing for the worst is the best thing you can do with your money. We are both going to retire at 55. I might find a different career, but I don't need to.

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SummoningInfinity@reddit

If I survive WWIII and the climate wars.... hopefully.

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BigManWAGun@reddit

r/AITAH for hoping the Ameri-Statin-Diabetus war could save us all from those and the Ameri-Canadian or MAGA-Democracy wars?

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SummoningInfinity@reddit

No. Americans should fix their own mess, the world shouldn't have to suffer WW3 with the new Axis Powers of Russia, the US, and Israel.

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jkrobinson1979@reddit

I was planning on it at 58. Then a couple years ago it became 60. Now who the hell knows?

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FlowBot3D@reddit

I drive all day for a living. I've already been run off the road and totaled one car and have permanent back and neck pain. One day it will be a semi truck and not a 2014 VW Tiguan that takes me out and that'll be it. We have people in my role for over 50 years so theres very little chance for advancement.

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SlackerDS5@reddit

Around 62. I had to play a lot of catch up and do some saving and investing. Doubt I’ll ever own a house though.

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IchibanChef@reddit

60? Probably not. Mid-to-late 60s is more likely.

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eccedoge@reddit

Nah haha as if I could afford that. If I work till I'm 75 my pension will be £10,000 a year. For comparison, minimum wage in the UK is approx £23,873 a year

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Meghistaken@reddit

Planning to go at 62. Husband will be 65 so he'd go on Medicare and we'd only have to worry about my private insurance for three years. 🤞🤞

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zoiks213@reddit

*fake laughter hiding real pain*

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sk3pt1c@reddit

Bruh 🤣🤣🤣🤣🤣

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Oh_its_that_asshole@reddit

Retiring is an option?

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butternutbuttnutter@reddit

Officially at 55 because I’m public sector. But the pension won’t be enough for my terrible spending habits, so I’ll have to choose a second career. The nice part will be having a fallback income if hate a job. Like, i cannot imagine right now being able to go “fuck this” and not worrying about starving. It gives me hope.

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Junebug35@reddit

I'm going to work until either 65 or 67, just depends on how much I like my job when I get to that age. Strangely, I couldn't wait to get a job at 14, and after some seriously bad jobs, at 40 I finally landed a job I love so I want to stay here for a long, long time.

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gesis@reddit

I'm semi-retired now. It's alright. I will "do stuff" until I die, but hopefully it will be on my own terms and not to make arrows go up and right.

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ModernDay_RandyMarsh@reddit

Aiming for 55

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BreakfastBeerz@reddit

60 is unlikely, but I should be set solid for 65.

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BeefModeTaco@reddit

45, no income for almost a year and a half now, penniless, considering bankruptcy, living off of food stamps and family... not a chance in hell I'm retiring, likely ever.

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No-Advice-6040@reddit

You can retire?

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jaskmackey@reddit

When I’m tired of working, I’ll spend whatever money I have left on a world tour. When I’m out of money, I’ll jump off a boat into the ocean.

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beardicusmaximus8@reddit

I had planned on retiring when I was 37. My medical bills fucked that

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Over_Reputation_9771@reddit

I used to tell people that my retirement plan was to rob a bank and hopefully end up in federal prison. That way I had a place to stay, meals and access to medical. Aside from that plan, I see no way to retire. I’ll die while still working, just like my parents did

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Dry_Inspection_4583@reddit

I'm going till I die. I've never had enough to save for shit beyond birthdays and Christmas. I'm lucky if I can go camping once a year... If I do, I'm taking my axe, chainsaw, and genny into the woods.

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tyen0@reddit

Please do take a look at "the flowchart" https://www.reddit.com/r/personalfinance/wiki/commontopics#wiki_the_flowchart

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Cast2828@reddit

Depends on how this trade war works out. Already lost a chunk from my RRSP and TFSA.

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SilentIndication3095@reddit

I've always had an eye on 65 with hopes of going earlier, but at this point I'm pretty much resigned to 67.

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watchmebarf@reddit

62.

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kirby83@reddit

I plan on dying of cancer at 65

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Amnion_@reddit

I’m working until I get replaced by an AI agent. Which will most likely be relatively soon. After that I will have to live on rental income and dividends, until we get UBI (assuming we ever do). Hopefully my mortgage will be paid off by then.

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Automatic-Arm-532@reddit

I think only insanely wealthy people can retire at 60

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CalmAnxitey87@reddit

I plan on dying in the resource wars.

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wet_nib811@reddit

I was planning on retiring at 65, which is roughly another 20 years of working and require my wife and I to leave the US for a LCOL country. Otherwise, I’ll probably havw to work until I’m 70-75 or I die, whichever comes first.

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MartialBob@reddit

Assuming our government doesn't implode I can retire comfortably in my mid 60s. I have a pension, a TSP and I set up a Roth IRA. I'd like to retire at 62 but I'm prepared to wait until I'm 67.

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Traditional_Entry183@reddit

I have never, at any point, expected to retire before I was 70. And that was in much better times.

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Curufean@reddit

I think I'll be lucky to survive to 60.

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neanderthalman@reddit

55, but I’ve got a pension. Turns out it’s *really* easy to save for retirement when it’s been forced on you. If my health is good I may stay on longer as it boosts the pension payout. It’ll be about 60% of my base pay at 55, but 70% at 60. ~2% per year. Plus five years of any base pay increases.

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ferocious_barnacle@reddit

One thing I often wonder about for pre-65 retirees, how do you pay for healthcare when you aren't old enough for Medicare? Just through the marketplace?

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_McDrew@reddit

Yes, but only because I found a union job with a pension and know the day it will fully vest.

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adrianhalo@reddit

:taps head: can’t retire if you can’t get a job in the first place (I have a job, it’s just turning me into a shell of myself and I’m being shitcanned soon anyway) Also not sure if I’ll live til 60. So, not really.

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ephemeralspecifics@reddit

Only if I get a significant inheritance. I've tried to save, but life circumstances etc.

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TootieSummers@reddit

It depends on how the next 10 years play out but I’m planning for somewhere between 56-60 (I’m 46 now).

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Intelligent_Box1363@reddit

I plan on retiring 4 years after I die.

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xubax@reddit

I'm not a millennial, I'll be 61 in a couple of weeks. I figure I'll be able to retire about 12 years after I die.

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GenderOobleck@reddit

In fascist America, SS collects me!

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beer_engineer_42@reddit

My retirement plan at this point is to work until I'm so crippled that my long-term disability insurance kicks in. It's 2/3 of my salary, so hey, maybe I'll be able to survive off of cat food. Probably not the good stuff, but at least the cheap stuff should be affordable. Hopefully.

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Over-Spare8319@reddit

I retired in 2019 at age 49.

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Oaken_beard@reddit

![gif](giphy|l0ExayQDzrI2xOb8A) You’re funny!

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DrDew00@reddit

Current plan is 73. 33 years to go, so we'll see if that works out.

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FlyingAnvils@reddit

On track to retire at 58! On track to pay off our house by 45 and that’s our only remaining debt.

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DoctorFenix@reddit

The federal government keeps deciding that I have to retire later than that, so, no.

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TalesByScreenLight@reddit

My "Retirement" at 60 will be going from working in my trade to teaching it, if that's an option by the time my hands give out. I'm 20 years in, just gotta survive 20 more.

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idiotsbydesign@reddit

You get 11min? You lucky bastard.

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Stock-Pani@reddit

This isn't a cry for help or anything, but my retirement plan is a bullet to the heart. Or something similar and relatively painless.

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CheeseGraterFace@reddit

70. And it won’t be pretty, but hopefully by then we’ve got that Cyberpunk dystopia we were promised. Neon, rain and abject poverty.

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Ippus_21@reddit

Tbh, I've kinda lucked out with my 401k. If it keeps going at the rate it's been (i.e. if the market doesn't tank and stay tanked), and assuming I manage to keep this gig for the next 15 years or so... yes, I can probably retire at 60. I won't be rich, by a long shot. But I'd be pretty secure even without social security (which I'm starting to seriously doubt will be around by then).

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Ippus_21@reddit

Tbh, I've kinda lucked out with my 401k. If it keeps going at the rate it's been (i.e. if the market doesn't tank and stay tanked), and assuming I manage to keep this gig for the next 15 years or so... yes, I can probably retire at 60.

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RiverHarris@reddit

Ha ha ha ha ha. No.

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BrockenSpecter@reddit

I doubt I'll make it to 60, some shits going to get me before then.

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fyrefly_faerie@reddit

Unless things drastically change on the state level regarding retirement and pension, then hopefully yes. That being said, I’m trying to do the things I want to do now while I’m still physically and financially able.

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Crafty_Principle_677@reddit

I mean I was. Theoretically, I could Assuming society/climate change/social security etc don't collapse by the time I'm eligible. Which is looking less and less likely by the day So either I will retire comfortably with my savings, or I'll get eaten by a warlord in the water wars

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lucidguppy@reddit

You save until it hurts, and its not enough.

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Uhh_JustADude@reddit

My retirement plan advisor is Smith & Wesson.

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Dude_man79@reddit

Going for the Remington retirement?

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No_Replacement228@reddit

They have great plans....

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loco500@reddit

Will have a blast...of a retirement.

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Hootinger@reddit

Nice. My therapists are Jack and Jim.

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Tronbronson@reddit

Hey that's my healthcare provider! Way cheaper than Blue Cross insurance!

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datBoiWorkin@reddit

nah, I plan on dying young

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Nebabon@reddit

Am I planning for retiring at 60? Yes Will I retire at 60? No I'd rather plan for it and not need to than rather than need to and not have planned for it

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TakenTheFifth@reddit

"early" is age 50 in my company, regular age is 65. I've been there 20 years so far, and I have a pension & 401k. I planned to work until retirement at 65, but we'll see. We're both doing ok career-wise (could be better/farther along) but my husband's company retires after 30 years, I think - very common in his industry and he's at 21 years. Like hell Imma keep working while he's sitting at home. We're both mid40s now.

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trashboatfourtwenty@reddit

[I'm going to turn my "on-off" switch to "off"](https://youtu.be/piwv8nbycE4?si=itcpxYcw5eb5Vk8f)

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CaptainMacMillan@reddit

Look at mister trust fund over here

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TeeHeeL33t@reddit

Retired at 35. Thank you Bitcoin :)

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aspect-of-the-badger@reddit

My retirement is a bottle of whiskey and a blizzard. I'll fly to alaska if I have to.

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Ancient-Highlight112@reddit

That's funny as hell. And I say that as an 84 yr old.

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MelifacentJebu@reddit

60-65 is the plan. 65 probley realistic. 60 i think is doable but id have to really hunker the spending down. That being said. I was always a save save save person. I realized spend it and have fun while u can and are still semi healthy. I have seen a bunch of co-workers retire and die or retire and there bodies are all fucked up and cant enjoy traveling and such. Plus i caught the travel bug years ago 43/m/tradesman.

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Alotofboxes@reddit

My retirement plan is watching the world governments collapse, and dying in the climate wars.

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Taskerst@reddit

I'm on track to retire at 62. But then again, when whichever company I'm working for at age 55/56 downsizes me because I'm a poor "culture fit" (i.e. old) then it might set me back 3-5 years.

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TheRynoceros@reddit

Heart attack at 52 is my plan. Bacon and burgers now, no bullshit later.

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ManateeNipples@reddit

We were pretty confident it would be well before 60, until recently. I guess we'll see if a recession is coming and how that plays out. It feels very hard to imagine what next year will look like, let alone next decade.

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spaceace321@reddit

Very true. My take is that We still have several more recessions between now and retirement. We've come out of most downturns stronger marketwise, so I'm not as concerned about the impending recession's impact on my retirement as I am about the timing of any recessions in the 2040s.

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beastcock@reddit

Shift your retirement from stocks to bonds the closer you get to retirement. A market crash won't affect you nearly as much.

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867-53-oh-nein@reddit

My view is to try and have 3-4 years worth of ‘cash’ on hand as I get closer and I think I’ll be fine. Look at the market recovery time for every depression and recession. Even for the depression where it took 4.5 years to recover you’d only start pulling towards the final six months.

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pregnantandsober@reddit

Keep dollar-cost averaging!

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bikemandan@reddit

I have auto invest every other week and dont look at my account. Works for me

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bikemandan@reddit

Uncertainty is off the charts

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ResponsibilityGold88@reddit

Hell, I’m having a hard time envisioning the next month. Shit is changing fast over here in the States.

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Wiz_Hellrat@reddit

The thing that gets me is no more careers. Like no job is safe any more. I am 42 and might have to move again. I have been at my job for 6 years. I work in housekeeping at a hospital. I feel I can never retire because I never worked at a job long. Been in housekeeping for 20 plus years. Worked different jobs but all in housekeeping. I hear my peers speak of retirement and makes me feel like shit. I am scraping by and feel like a loser. I am surviving just have zero plans for the future. My kids are taken care of and I have shelter. I have food. I know I should count my blessings. Just thinking about the future is so scary.

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Emerald_Cave@reddit

No, but to be honest I wouldn't even if I could afford it. As much as I hate to admit it, I need structure in my life that a 9-5 gives.

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supergirlsudz@reddit

I hope to one day have an easier part time job. I logged on to the Social Security website the other day and it said it’s only funded through 2035, unless Congress does something. Starting then you’ll get 80% of your benefit. 😩

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Propane4days@reddit

Before the last week happened in the stock market, I had enough saved in an IRA to be retired for seven weeks before I have to die! CAN'T WAIT!

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Lesbian_Skeletons@reddit

My options are pretty much an unplanned death while working full time or a planned death if I'm jobless. Don't even care anymore, fuck this system, fuck this world, and fuck this life, I'll die face down so it can kiss my ass.

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Both_Lychee_1708@reddit

> What if the retirement age increases? to 98

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sauvandrew@reddit

I'm about to turn 50 and have been actively setting up my business to essentially run on its own (meaning I'll hire a manager) and give me ongoing retirement earnings. Having said that, to live the way I would want to, I still need to work for some time.

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SmogMoon@reddit

Current plan is retiring at 58 and then a few years later my wife will retire when she hits 58 or maybe keeps working a few more years. She is not “done with work” like I am and actually enjoys working. So whatever she wants to do is fine with me. I personally can’t wait to never wake up before 7 a.m. ever again.

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wooq@reddit

I'm planning on it, but I'm on the razor's edge. The economic and political bs going on now is *definitely not helping*.

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mac_the_man@reddit

61.

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Abidarthegreat@reddit

Currently the retirement age increases seem to only affect full benefits. You can still get partial benefits starting at age 62. This is what I'm going to do. By taking it early, I'll lose about 30% of my benefits, but I'd get to draw money for an extra 5 years than I would if I waited. With my health, I don't think I'll live much past 70 anyway. My wife is 10 years younger so while losing about 50% of my income (30% of household income) will no doubt hurt, we should be alright since I'll be able to tap into my IRAs and 401k to get us over any financial problems. And if I absolutely need to, I can still earn up to 23k from a job while taking retirement benefits without penalty. I'm sure that number will be higher in 18 years.

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Secure_Ad_295@reddit

I plan to work a less demanding job by then

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MaraScout@reddit

I work for the state government, and I supposedly have a pension coming. Do I trust the state to have that money for me in 25 years? NOPE.

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GBC_Fan_89@reddit

If Musk takes away social security, kiss retirement goodbye.

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Eeeeeeeeehwhatsup@reddit

True

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Eeeeeeeeehwhatsup@reddit

I’m just working hard to savor that 11 minutes 😌🤣

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yeahcoolcoolbro@reddit

STOP BRAGGING

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shapesize@reddit

![gif](giphy|1iv69y6QxMS2SUmPvC)

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Mr_Chode_Shaver@reddit

I was, until I love 7% this week. at this pace, I can retire at roughly : never

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ind3pend0nt@reddit

If I get to the point where I am unable to work, I will sell all my assets, run up my debt until I can’t anymore, then leave this world on my own terms. Fuck the system.

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Calm-Ad-4409@reddit

I’m 43 and have had high cholesterol most of my life. My retirement plan is a heart attack.

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lorenzo463@reddit

My employer had a benefits meeting earlier this year, and the guy who came in from our retirement account management company said something about retiring by the time you’re 60. It was a good thing I had my camera and mic off, because the instantaneous eye roll and “oh fuck you” from me would have resulted in a note to my file.

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SpiceWeasel-Bam@reddit

I'm planning on retiring at 55. however, if the dollar collapses that might not be in the cards anymore.

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CombatDeffective@reddit

I'm 40 and been retired for 3 years.

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AnticitizenPrime@reddit

I'm starting to think about ditching to a third world country as a retirement option. It's just about the only way to stretch out retirement savings.

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trying2bpartner@reddit

I'll be able to retire at 62, fortunately. Things are looking good.

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TheGreatGoddlessPan@reddit

Planning to die nobly in the climate wars

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VixxenFoxx@reddit

My current plan is to never retire. I grew up incredibly poor and have claws my way into solidly middle class while spilling any left over funds that should have gone to my own retirement into making sure family members had electricity and housing, and my kids had/have a non beans & rice for every meal standard of living. My 401k is sad, I do own a home. I'll be at least part time at 70/75.

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DrMcJedi@reddit

Didn’t you you hear? 80 is the new 60… ![gif](giphy|n2S9gFlVzMjK0EiTg2|downsized)

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FarbissinaPunim@reddit

Not at 60, but hopefully by 65. And only because of an expected inheritance to my gen x spouse. That’s if my FIL isn’t completely scammed out of the money in the meantime.

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Flaky_Grand7690@reddit

I’ll retire when I die. It’s all I can afford. I’ll be drawing some sort of money from 401k’s but I’ll still be working.

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grandma_millennial@reddit

I feel like we’ve been told our whole lives we will never retire so I’ve just gone with that. I still save but expect to work part time at least

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stataryus@reddit

I’ll likely never be able to retire.

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slash_networkboy@reddit

Well I was on target to retire at 55 but a divorce derailed that. Currently almost on target for 60.

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Hoosier_Daddy68@reddit

Between SS and pension I’ll be able to eat 3 times a week and use electricity on days that don’t end in Y. House is almost paid for tho so I won’t be in a box on the corner.

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MirthRock@reddit

I'm shooting for 50. So far, on track.

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Justasillyliltoaster@reddit

65 because kids in college

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pregnantandsober@reddit

This is a tough question. My original goal was 65, but I've had some health issues and I want to make sure I enjoy life a bit before it becomes too hard. So maybe semi-retirement, moving down to part time work at 60? As long as I have good health insurance in place. My husband is a couple years younger and because of his upbringing didn't think he would ever be able to retire, so he's definitely in the live life now mindset. We'll try to find a middle ground.

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123BuleBule@reddit

58-59 if all goes to plan. Narrator: it won’t!

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HipHopGrandpa@reddit

Man, don’t ever rely on the government for your well-being *if you can help it.* I’ve never gave a second thought to S.S. and just assumed it wouldn’t be there for me. I also like budgeting and making up 5 year plans.

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PhoneJazz@reddit

Is the Pope Jewish?

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Odafishinsea@reddit

I should be done at 59, fortunately.

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SourcePrevious3095@reddit

Stop at 65, take a year off, then find a part time job to help cover part b costs, assuming Medicaid and SS still exist in 23 years.

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IronSloth@reddit

I’m not even suicidal in the least but I pretty much plan on killing myself when I’m like 75 or when health tells me it’s time to. I will never even come close to owning a home, I had to quit college twice to give both my parents hospice care and after that I never returned so I’m working class living paycheck to paycheck. I have zero generational wealth, and I’ve been homeless on the streets before, never again.

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Polymox@reddit

The retirement age has already increased for Americans. 67 for full Social Security at our age.

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eterrell9@reddit

💀🤣🤣🤣😂😂

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PocketStonesforFun@reddit

Wait, you guys are gonna get to retire?

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Dr-McLuvin@reddit

45 is out or at least significantly cutting back.

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FKSSR@reddit

60? No way. Hopefully 65, though...

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JeanEtrineaux@reddit

Most of us won’t survive the next 4 years so it doesn’t matter

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Uhh_JustADude@reddit

![gif](giphy|RrVzUOXldFe8M) Someone's paying attention!

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superschaap81@reddit

I don't have a plan at all. I'm just working until someone says I can't or don't have to anymore.

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TotallyRadDude1981@reddit

I can afford to retire right now, but only if I don’t spend anything.

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Dependent_Bill8632@reddit

Ugh, U don’t even want to hear the R-word anymore! 😫😫😫

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giraffemoo@reddit

Yes but only because I am a widow and I can start collecting my late husband's social security when I am 60. I plan to "semi retire", which means I'll just work less. Either less hours per week or just working until I reach the SS limit and then taking the rest of the year off.

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originalbrowncoat@reddit

My job generally lets you move to part time but keep most of your benefits including health insurance. I plan to do that at like 55 and work 3 days a week

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left-of-the-jokers@reddit

I'm gonna retire about 10 minutes after I'm dead, and they'll call me into work about 15 minutes after that

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FI-Engineer@reddit

The guy who had my office before me died at his desk. He was 47. It’s not encouraging.

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ClownTown509@reddit

My retirement plan is to [REDACTED].

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Turbulent-Pea-8826@reddit

I had it all planned out to retire at 64 and then this administration decided to throw a hand grenade into the US economy

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migs647@reddit

I plan on retiring tomorrow. Only have enough retirement for a week… but it will be a glorious week.

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mistergrumbles@reddit

When the Earth is void of human life and the only thing left are cockroaches and tardigrades, that photo of the smiling, old, coffee man will endure. He will outlast us all.

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nomosocal@reddit

I could not imagine working until I was 67 to collect just social security. I supported my mom because she could not survive on it. That really influenced my path. I found a job with a decent pension, invested as much as possible, and retired at 51. Money is nice, but it can't buy you more time on earth. It sucks that the opportunities I took advantage of are far fewer these days, but they still exist.

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Randomboatcaptain@reddit

I figured I'd just die around then

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agentkolter@reddit

If I'm ever able to retire, it certainly wont be that soon.

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Blando-Cartesian@reddit

Finnish retirement age for my cohort is like 67 now I think. I’d be lucky to be employable past 50 or still alive at 67.

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Alexandertheape@reddit

![gif](giphy|bIDg5AFTnvYouwF4D9) it’s the Avocado Toast for sure

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TheMusicalHobbit@reddit

55 for me. I have a plan. Living well below my income and saving a lot.

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Geo_Seven@reddit

“Comfortably”

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wanna_be_green8@reddit

Depends what retirement means. I'll be free of children and a mortgage so can live of of minimum salary. I won't have a retirement pmnt by then though.

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CorgiKnits@reddit

Depending on the economy, I’ll probably retire at 56. 30 years working for a public school means a pension of 60% of my pay, plus what I’m accumulating in my 403(b). My husband and I don’t want to travel or do anything extravagant. We’re homebodies.

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fullthrottle13@reddit

60? Oh hell no..

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velocitrumptor@reddit

I'm retiring this year at 44.

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IdioticPrototype@reddit

I was hoping to retire in 4-6 years. A certain 'elected' 'official' is making that look much less likely.

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No-Purchase-5930@reddit

Al Bundy - " Retirement is what a woman does when she gets married, and a man does when he dies."

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cardie82@reddit

I thought I could buy we have a kid with special needs who will never be able to live independently. With concerns of SS going away I’m not confident we’ll be able to. I’ll probably work until I’m dead so we can continue to save for his care.

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DasKittySmoosh@reddit

I'll retire when I can afford to buy a home somewhere I want to live (I'm easy, but also CA native. Right now, with everything, I feel safest here, and unlikely to leave regardless of pricing)

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piscian19@reddit

I mean assuming we aren't living in a wasteland at that point fighting over the last remaining hostess cupcakes, sure.

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all_ack_rity@reddit

to be fair, my company pays a competitive wage, has a pension program, and matches contributions to retirement, but even so, many people in our department are over 60. several are over 70. I’m an attorney for a large company and I think part of it is just our culture. people don’t leave.

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CaptZombieHero@reddit

I am on track to retire at 65.

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afnj@reddit

Plan to semi-retire around 59. No plan to ever stop working but I think I can comfortably live and only need to work less than 25 hours a week in my older years

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reverepewter@reddit

65 is the goal. It all hinges on how much I inherit from my parents once they pass.

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PhysicsAndFinance85@reddit

I plan to retire around 48-50 at the latest. At least I say that, but I probably won't fully retire because I can't stand NOT doing something. I invested heavily in my retirement after I got divorced at 27. I was starting over and I saw social security for the scam it is. For what you pay into it, you could have done far better investing on your own.

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APuffyCloudSky@reddit

I'm really looking forward to it.

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NorthRoseGold@reddit

I already don't work anymore (stopped around age 45) and my husband is looking at 55.

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BlackJeepW1@reddit

I never planned to retire, I don’t really think I want to. We’ve been told since childhood that SS will be gone by the time we reach that age. Or they will just make the retirement age so old that most people will be dead before they collect any.

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Sal_Paradise81@reddit

11 minutes? I didn’t realize you were a Rockefeller.

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CelticSith@reddit

I love when you come to make a post, and someone already did basically word for word. That's how you know you've found your people, lol

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Sal_Paradise81@reddit

Well I’m a Celtic Jedi (Galway to be specific) so we find ourselves at quiiiite the impasse…

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CelticSith@reddit

At least we're not Highlanders, cause then it could get a little messy with there only being one and all. Lol

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gottarespondtothis@reddit

I assume my retirement plans include saying “Welcome to Costco. I love you” over and over again until I keel over from eating a single hot dog every day.

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Cavsfan724@reddit

75

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Gd3spoon@reddit

Retirement is for rich people

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Petulantraven@reddit

God I hope to, but I sincerely doubt it!

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What_Next69@reddit

I never planned on retiring. I planned on working myself to death.

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professor-hot-tits@reddit

I'm basing my calculations on retiring at 67 but I'll probably have to keep working beyond that, I have one of those brainy jobs people crumble into

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Remarkable_Big_2713@reddit

The plan is 50, I’m we’ll on my way to achieving That

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Tronbronson@reddit

I'm already functionally retired. My spending amounts to about 10k a year inflation adjusted. Own my house. interest bearing accounts. I still need to do part time jobs here and there until SS kicks in but that's kinda my plan. I live like a college kid and love it. Try to sell enough real estate to put an extra couple grand in my ira

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SciFi_MuffinMan@reddit

60, in this economy?! I imagine I will be working until the last minute I can’t, and then need to rely on living with the kids and supporting the kids family by adding into doing house work, home maintenance, watching / teaching the grandkids, etc. Personally I’m fine with that view the stark individualism and self reliance at all ages I was brought up / brainwashed with as BS. Apes together strong.

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jachildress25@reddit

Started my own business, sold it for a huge profit, started a business for my wife, and now work part-time for her. I have the vast majority of my money in the stock market and real estate, so making six figures in passive income, although we will see how this year turns out. But even if we have another recession, the market has always rebounded and continued to climb, so I’m not worried.

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Darkest_Rahl@reddit

I got fortunate in that my house is paid off and I have a decent amount of retirement savings so far. So the plan is 60 if my wife lets me. And if the Americans don't come and try to take everything. So probably not 60 😥

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LittlemisN@reddit

I want to retire at 60 - can I? I'm not sure it will be possible, likely will need to continue part time or some sort of passive income if I can think of an investment or consulting / training idea. Houses in Australia are ridiculously expensive!!!

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imhungry4321@reddit

FI/RE. I plan to retire at 54

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Reagannite1981@reddit

I’m 44 and my current plan is to retire when I turn 65. Between company match and my own contributions, I’ve been socking away nearly 20% of my income for six or seven years now. I was only doing about 13% before. I also am extremely fortunate to have a pension plan that based on what I expect our expenses to be when I retire to cover all or nearly all of our monthly expenses to where we won’t even have to tap my 401K for living expenses and let the majority of it continue to grow to pass along to our kids. Contrast that rosy picture with trying to figure out how to pay for private school through high school for four kids and college in the future (all my kids are under 10 at the moment) and that’s where all of our concerns are at the moment. But I’m beyond grateful and blessed not to have to worry about the retirement picture and can spend my time worrying about the present. I know most folks have to worry about both and I continuously pray for their families.

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papercranium@reddit

I was, now I'm not sure any of my retirement accounts will be worth anything by then.

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SplitFingerSkadoosh@reddit

Ha! I'll be lucky if I can retire at 70.

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XMXP_5@reddit

I plan to stop operating heavy equipment when I'm in my late 50's or early 60's. But I will probably find another job that's less stressful and easier on my body. Gotta have something to do

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Book_Nerd_1980@reddit

Retiring at 65 would be amazing. But I don’t plan to stop working. Whatever the minimum is that I can still have some passion projects or maybe teach a remote course or sub in schools or libraries on my own schedule. I know I’d get bored and we couldn’t afford it anyway

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peacefinder22@reddit

Same, I’ll do some enjoyable part time job.

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rayfin@reddit

Hopefully sooner. I'm hoping to retire at 50 or 55. Most likely 55. C'mon bitcoin. Do your thing.

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peacefinder22@reddit

My youngest will be out of college by the time I’m 51. Hopefully I can max out my retirement for the following 11-14 years and retire at 65 at the latest. Here’s to hoping!

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Mackheath1@reddit

Spent more than a decade working overseas, so no retirement saved, no SS saved. I have worked in the states back home, but when I look at the calculators it seems to be I'll get about $65/month lol. I did save a lot overseas, so I'm fortunate, but yeah, not expecting anything.

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WLH7M@reddit

Betting on societal collapse.

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CarlSpackler22@reddit

No

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No_Historian718@reddit

60??? 😂😂😂

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AhfackPoE@reddit

https://www.reddit.com/r/Xennials/s/h84IsPUBgj

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Barkerfan86@reddit

Planning on 64. Hopefully by then my pension and 401k are in a position where I can pay off the house, if it isn’t already. Then use SS for living expenses and have my money for traveling

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