👀At what age do you think you’ll be able to retire?
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I still have marrying well as an option lol!
48 or sooner. I was fortunate to discover "FIRE" about a decade ago and have since plowed money into retirement and after tax investments above all else. Given we work in a hyper consumption industry, at first it felt like a major sacrifice that would never pay off when I compared myself to everyone else (you know - having anything nice like a nice house, cars, consumer things). I was pretty hardcore about not spending money on anything besides basic needs for a good 6/7 years. But that FOMO is completely gone as I sit on over a 1.3 million dollar nest egg at 42 years old. Very fortunate/privileged no doubt, but honestly I had no help from family along the way and only made a normal middle management salary so ill give myself a small pat on the back for that. Compound interest is indeed the 8th wonder of the world if you can keep it on your side.
CD4 no doubt. I have most of this money in S&P500 index funds, but have done enough self education around asset allocation to minimize some risk. IE portion in long term bonds, gold, cash, commodities etc. All in theory help if there is an economic calamity in the stock market. But I don't count my chickens before they hatch so this is all long term money I will just let ride and not mess with.
About a year after I die.
Never and I have a 401k
I think we’re closer to the world ending before being able to retire
2-3 years. Later suckers.
I don't know. I don't have anything saved yet, so who knows if I'll ever be able to retire.
Wow people!!! Start saving ASAP or your old age will be BLEAK.
After being laid off in this job market and over 50 years old, a forced early retirement it may be. Not that I ‘able’ financially to really retire, but may not have the option.
Don't give up yet! I am in the same boat, gigging until I can find something more permanent/stable. It is taken 3 months and the interviews are finally starting to come.
My exit strategy is to acquire small businesses that boomers are selling and work part-time running the businesses. It will give me something to do while still earning an income.
Damn boomers will sell you their business for $1 million when they bought it for a pack of gum and a shoelace
Not in this industry.
I am 64. I guess I could retire now. But I love to work. My wife is an artist and she loves to work.
Never
Rising Star
What's retirement? Is that what we're calling "death" now?
Waiting for my husband to tell me he’s a secret millionaire so I can quit now. I can’t do this anymore (I’m 31)
Whenever the cemetery closes, sells the land to the holding co.
Never. I can only afford to add 3% to my 401k per paycheck. I’ve been contributing for 6 years and have just barely over 20k saved up…. I don’t live beyond my means things are just expensive.
Whatever age I’ll be when I marry rich
50
7787u7798778888888888 y
Retire? AHAHAHAHAHAHAHAHAHAHAHA…sob
Never.
lol