What age do use plan to retire ?

I have thought about this a lot lately. I got into investing as I knew super was not going to cut it and I have seen the pension lifestyle. I have a career rather than a job, I am also very good at manipulating my work places to suit my lifestyle. There are some in my field who are 70 and 80 who are still going - if you love your work why not keep going ? It doesn't mean that some days I would rather be at the beach. I also have other goals outside my career that I would like to complete.

My investing goals are now about making sure that when I am ready I can retire from my career (with a 15 year outlook) but in the meantime I aim to have the income for a comfortable lifestyle, unlimited private education for my kid, an annual charity budget and a budget for overseas travel each year (while my portfolio continues to grow). I have about 3.5 years until I reach this stage, until then I am accumulation and non-deductible debit reduction mode.

 

Wow thats nice !!!

 

44 now and would like to wind down my work by 55.

 

Very hard question for me to answer.
I would retire comfortably when I see my two kids doing well. They are 10 and 7 year old. Still have long way to go. But I'll take it easy after couple of years.

I would be really sad to see my kids fail financially during our retirement, coz we won't be able to help them anymore.

 

I quit!!!

 

At 20, I was aiming to retire at 40, which I probably could have if we did not have that recession & other stuff that happens in life.

Decades later, have no plans to retire at all, actually like the way things are ATM.

 

I cut down to part time 2 years ago when I reached 60.

Currently working 10 hours a week, making a few $K from my website hobby, and working on my Tai Chi.

 

At solicitors rates I would sew in a new bladder !

 

At 55, 5 years ago.

 

I'm waiting for some land I have to be turned residential so I can cash in. Unpredictable though don't when it will happen if it does. Could be 5 years could be 15 years. After that I could probably retire but would still keep working would be boring to do nothing

 

Another for 55

 

If you don't mind sharing , how do you currently managed your residential property? Currently I own 1 IP and I managed it privately as i get more money and have more control. I can get stuff fixed within 1-3 business day with competitive pricing too.

 

Sort of retired when I was 50 with the close of our business. At least I haven't worked in IT since that point in time. This is now about 10 years ago.

In the 10 years of retirement we have rebuilt our house (big project). Have completely renovated about 22 units. Have partially renovated about another 10 units. Extensive repairs (termites) and then renovation to one of our houses. Bought a total of 15 houses in the USA. Amongst that number in the USA we sold 1 and replaced that with 2 other properties. Have looked at numerous CIP deals but thus far have failed to pull the trigger. Still looking for that CIP deal.

So is there such a thing as retirement when you still have to manage your investments.

 

I like my career so I hope I will work a bit part time for as long as my mind is sharp.

 

No, not really, and does not take that many either if your hands on, buying also soaks up time if being picky.

 

If you mean retire as in stop putting deals together and achieving further financial goals then never. It's just too much fun I don't see why I would stop . If i ever stopped enjoying it then I'd 'retire' straight away,

 

Nope not that , i just meant leaving the workforce

 

What steps did you do to achieve such a goal ?

 

Retired at 47 with just / not quite enough income, but screw it, better than going to a job every day. I am finding other ways to make it work.