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What age do use plan to retire ?

Discussion in 'Investor Psychology' started by Drunkanbarbarian, 16th Oct, 2016.

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  1. Drunkanbarbarian

    Drunkanbarbarian Well-Known Member

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    Hi just a random question and im curious
    What age do use plan to leave the workforce ? And retire ?
    Cheers
     
  2. MJS1034

    MJS1034 Well-Known Member

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    45 and $100k in net passive income
     
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  3. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    I would say never but if your talking about having 100% choice with what I do with my time then 5 years from now :)
     
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  4. Terry_w

    Terry_w Structuring Lawyer and Finance Broker - all states Business Member

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    95 or when i lose control of my bladder
     
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  5. larrylarry

    larrylarry Well-Known Member

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    For me, I don't know. I don't know how long I will live for so won't think about retirement now. Maybe when dementia strikes?
     
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  6. Agent99

    Agent99 Well-Known Member

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    Sorry Terryw but I'm going to have pull rank here and say 70 :D
    Anyone for 65 ??:eek:
     
  7. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    41 with a passive household income around 300k in rough figures.
    Hoping for early next year.
     
  8. Bran

    Bran Well-Known Member

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    Next week if I can work out a way how.
     
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  9. larrylarry

    larrylarry Well-Known Member

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    Bran, if you can retire next week you can give free medical treatment to the needy.
     
  10. Bran

    Bran Well-Known Member

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    Why would I do that? Maybe somewhere that needs it, or that I want to go. There was an offer to go to Samoa last month to teach them a certain operation. I'd love to do that sort of stuff.
     
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  11. spludgey

    spludgey Well-Known Member

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    It was 40, but that's going to be tight, so let's say going down to 3 days a week by age 45, which should be very much possible. Plus I think it would be better for me to have a part time job than being completely retired anyway.
     
  12. Marg4000

    Marg4000 Well-Known Member

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    Two years ago.
    However the previous 10 years I was working two days a week in a job I loved. Certainly did not need the money, just stayed because I wanted to.
    Marg
     
  13. Taku Ekanayake

    Taku Ekanayake Mortgage Broker @KinFinancial Business Member

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    Impressive @Ace in the Hole! Is the $300K passive income purely from property or other investments?
     
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  14. hash_investor

    hash_investor Well-Known Member

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    I don't plan to retire because I love my career. But I do like to have a passive stream of income and hopefully I will be able to pull 6k p/m within the next 5 years.
     
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  15. larrylarry

    larrylarry Well-Known Member

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    Teaching would be great.
     
  16. EN710

    EN710 Well-Known Member Premium Member

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    By 40 would be great. Target is 35 with income to cover our expenses . and if I win lottery, tomorrow + my job notice period ;)
     
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  17. Bran

    Bran Well-Known Member

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    Then I realised that I am a teacher. And I don't derive a huge amount of enjoyment out of it unless the trainee is a star.
     
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  18. MTR

    MTR Well-Known Member Premium Member

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    What I found with voluntary work unless you love what you are doing there is no point, otherwise it's just another job and it won't last
     
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  19. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Just some resi properties, no other investments.
    Should probably smarten up and progress to commercial property at some stage.
     
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  20. MTR

    MTR Well-Known Member Premium Member

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    Been a while since I left my day job, now I do what I really love, it's not always fun, but I don't see myself giving it away any time soon. I have needy children....
     
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