How old do you expect to be when you retire?

[MichaelCorfman]

Earlier this week the sale of the Casinomeister site was announced. And with that sale Bryan Bailey (Casinomeister) will soon be retiring from the business. Bryan started the business back in 1998, twenty-six years ago this month. Here are three places you can read more about the sale and Bryan's announcement:

• GPWA Forum thread "Gaming Innovation Group acquires Casinomeister"
• Official Press Release announcing "Gaming Innovation Group acquires Casinomeister"
• Casinomeister Announcement forum thread "Bryan Bailey says goodbye..."

So, with Bryan's imminent retirement on my mind, for this week's poll I ask how old you expect to be when you retire?

Besides voting in the poll, I invite you to share your thoughts about what you would like to do once you reach the age when you would want to retire.

Michael

[Integrity]

I will retire when I die... sooner if Michael dies. And if Anthony goes, everyone at GPWA will be done.

[NoDepositCasinos]

Earlier this week the sale of the Casinomeister site was announced. And with that sale Bryan Bailey (Casinomeister) will soon be retiring from the business. Bryan started the business back in 1998, twenty-six years ago this month. Here are three places you can read more about the sale and Bryan's announcement:

• GPWA Forum thread "Gaming Innovation Group acquires Casinomeister"
• Official Press Release announcing "Gaming Innovation Group acquires Casinomeister"
• Casinomeister Announcement forum thread "Bryan Bailey says goodbye..."

So, with Bryan's imminent retirement on my mind, for this week's poll I ask how old you expect to be when you retire?

Besides voting in the poll, I invite you to share your thoughts about what you would like to do once you reach the age when you would want to retire.

Michael

Here are two questions: at what age do I expect to retire and at what age do I want to retire. In my case, the answers are quite different.

To be honest, at this moment I don't expect to retire. Here in Latin America, as far as I know, pensions/retirement funds are not enough to cover needs independently, so unless I create some so-called passive income, I don't think I will be able to stop working. Now, if it's about wanting, I would love to retire before 50 or at least be able to slow down my work pace.

This post made me think that I should investigate alternative international retirement funds. When I started working, there weren't any that I could apply for from here, but maybe that has changed.

[Mattbar]

I initially answered 56-60 but a better response would be 'Other'. I'm not sure I would ever totally retire, at least not until I am too old to do anything useful. I certainly don't want to be working full time beyond my mid to late 50's but I would always like to do something at least part time.

For me I would like to go back into teaching / tutoring but only on my own terms with limited hours so I can enjoy it, earn a little bit and keep my brain active but without burning out.

I've seen too many people get into their 60's and stop everything, they get old overnight and their world shrinks. Not for me.

[NoDepositCasinos]

I initially answered 56-60 but a better response would be 'Other'. I'm not sure I would ever totally retire, at least not until I am too old to do anything useful. I certainly don't want to be working full time beyond my mid to late 50's but I would always like to do something at least part time.

For me I would like to go back into teaching / tutoring but only on my own terms with limited hours so I can enjoy it, earn a little bit and keep my brain active but without burning out.

I've seen too many people get into their 60's and stop everything, they get old overnight and their world shrinks. Not for me.

Out of curiosity: what did you teach?

[casinobonusguy]

I don't see myself fully retiring , We have no pensions only what we have done for ourselves. I also have health issues that cost a lot of money and recently took a big financial hit so ill need 2-3 years to get myself on track again. I also think of my kids and what their future looks like as it is so expensive so I also work for them too .

[golfbettingsystem]

I’ll be 50 next year and to be honest I’d like to be winding down significantly before 55. Whether that means selling up or getting others to run the day to day remains to be seen, depends if the derisory multiples that I’m seeing improving significantly for the former to happen.

Agree on Mattbar’s sentiment about the over 60s though, got to do something to stimulate body and mind to stay ‘young’. I’d play far more golf and probably study something interesting, probably something to do with physics.

[Mattbar]

Out of curiosity: what did you teach?

Biology at degree level, Immunology at masters level and all science at high school level. I still do a some teaching, exam setting, assignments and marking but only on a limited basis due to time demands. I would like to do more later in life.

[Cash Bonus]

I intend to keep on working, until I die. I mean, I just don't really see a reason not to work, unless I'm sick and I'm physically unable to do so.

[CasinosBroker]

Planning for: 56 to 60

[Topboss]

I don't think I will ever fully retire as I wouldn't know what to do with myself. If my lifestyle can remain as it is now, I would call myself semi-retired already as I generally do whatever I want to do, and just ensure that the work gets done and that I put in reasonable hours to ensure the bills get paid each month with a bit put away, but I no longer work until 2am in the morning like I used to do.

[elgoog]

Retired already

[Pokerface]

Retirement? What’s that?

I actually retired at 52 and was enjoying every moment. Since co-founding StatsDrone I find my new life extremely enjoyable and rewarding, more so than in the previous corporate world. I have no plans on retiring while I am enjoying all the challenges and meeting great people.

[wonderpunter]

don't think i will retire, Working behind a computer screen is not the same as in an office or physical, not much difference between using the web and working on it.

[Pathtraffic]

I hope I can retire before the age of 40 to be completely honest. I would like to spent more time with my family and friends and doing stuff that I truly enjoy

[Strider1973]

This post made me think that I should investigate alternative international retirement funds. When I started working, there weren't any that I could apply for from here, but maybe that has changed.

Keep it simple, just put the money you don't need in low-cost (<0.2% per year) global or US stock ETFs.

Multiply your estimated annual expenses by 25x. That's the target amount you should have saved by retirement date.
So if you live off 50k per year, then 1.25m should be enough. You can then take out 50k yearly and adjust that number yearly by inflation.

Interested? Then read about "FIRE" (financially independent, retire early) and the Trinity study.


And... even if I had enough money, I'd not "retire" completely. You have to do something each day. And I still enjoy what I do, but I'd downsize it to 2-3 hours per day. But it will be a great feeling of not "having" to work and consider myself financially independent.

[NoDepositCasinos]

Keep it simple, just put the money you don't need in low-cost (<0.2% per year) global or US stock ETFs.

Multiply your estimated annual expenses by 25x. That's the target amount you should have saved by retirement date.
So if you live off 50k per year, then 1.25m should be enough. You can then take out 50k yearly and adjust that number yearly by inflation.

Interested? Then read about "FIRE" (financially independent, retire early) and the Trinity study.


And... even if I had enough money, I'd not "retire" completely. You have to do something each day. And I still enjoy what I do, but I'd downsize it to 2-3 hours per day. But it will be a great feeling of not "having" to work and consider myself financially independent.

Thanks for the recommendation. I looked into this about eight years ago, and at that time, I was not able to buy US stock ETFs from here. Since this thread started, I've been revisiting the idea, and I think it's worth investigating again. A lot has happened over the years, and regulations have probably changed, or there may be solutions that didn't exist before.

Thank you also for the detailed calculation and explanation. I'll definitely look into this over the weekend!

[thegmblrs]

The public retirement age for my age group will be around 72, thanks to Denmark's policy of increasing the pension age by 1 year every 5 years due to many elderly. But honestly, I don't see myself retiring completely just because I hit a certain age. I plan on working as long as I'm able, just maybe at a slower pace.

My main driver is on saving and building up some passive income so I can have more flexibility when the time comes. Ideally, I'd like to be in a position where I can choose how much I work and what I want to do, similar to the FIRE (Financial Independence, Retire Early) movement. It's all about having the freedom to slow down or stop when I'm ready, without financial worries.

[bedrageri]

With the trend of increasing retirement ages, it’s likely most of us will retire after 65. While earlier retirement is ideal, it's smart not to rely solely on pensions.

[davidlinden]

I would say to retire mentally as early as possible, then live off investments and passive income until the official retirement age. But I guess I’ll never fully retire and instead work on things I enjoy when I feel like it.