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Home » Early Retirement, Retire, Retirement Planning

At What Age do you Plan on Being Partially & Fully Retired?

Last updated by on 18 Comments

I wanted to gauge how all of you fine young professionals were feeling about retirement age.

Not the pie-in-the-sky estimate. I’m talking about when you REALLY think you’ll be able to retire (for reference, the average retirement age in the U.S. is between 63 and 64).

You know how I feel about retirement. If you don’t, check out my retirement is dead post. In it, I highlight how I think that traditional 65 and done retirement is a thing of the past and we’d all benefit by expecting and preparing for the “new retirement”.

So, three questions for you, and I’ll throw in polls for good quantitative measure:

  1. At what age do you expect to partially retire (the “new retirement”)? This is when you become financially independent and scale back from a full-time gig out of necessity to pursuing personal interests.
  2. At what age do you expect to completely retire? (No work at all)
  3. Where did you come up with those numbers?

I have a pretty ambitious goal of being able to hit “new retirement” by 35 – meaning, being financially able to pursue income in whatever way I’d like due to zero debt & significant savings built up. Where did I come up with that number? I’m close to being debt free right now, however, I have a lot of work to do in the savings department. Whether I do hit my goal of 35 remains to be seen and even if I hit that financial point, it doesn’t mean I’d quit my day job, only that that option would be made available to me if I decided to.

If it does, you’ll be the first to know…. well… maybe the second or third.

As far as fully retiring, I don’t think I would do this until my 70’s, if ever. I really think that in order to fully retire the U.S. would have to move to universal health care, or at least offer it to people above a certain age.

I’d love to hear everyone’s thoughts, and here are the two polls:

At what age do you expect to partially retire (new retirement)?

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At what age do you expect to fully retire (no work at all)?

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About the Author
I am G.E. Miller, & this is my story. My goal is financial independence ASAP. If you share that goal, join me & 7,500+ others by getting FREE email updates. You'll also find every post by category & every post in order.

  • chris says:

    As far as fully retiring, I don’t think I would do this until my 70′s, if ever. I really think that in order to fully retire the U.S. would have to move to universal health care, or at least offer it to people above a certain age.

    …you mean like Medicare?

  • Being realistic, I would like to partially retire by 45. I’m not sure about the fully retiring. I would LIKE to fully retire by 55, but I’m sure it will end up being closer to 65.

  • Ginger says:

    I want to partial retire or be able to retire by time I am 45 but I do not expect to retire until much later. I would get bored if I had nothing to do.

  • Mark says:

    Realistically, I’d like to partially retire when my last of my as yet unborn children either leave for or finish college, so 55-65. I know this is the me generation here, but as a young teenager, I grew up in a household where my older parents were in the middle of their partial retirement, and I’ll never fully get over the resentment of having to barely scrape by so they could work half a day. Now don’t get me wrong, I want nothing more in the world than to work half a day myself, but I don’t think Ill be able to put my desires ahead of my responsibility for children.

    If you think you’d be teaching them a valuable lesson in the process and they’ll grow up to understand and validate that choice, you’ll probably be mistaken unless you’re of such considerable talent that you can fully support a middle class family working part time.

  • Leigh says:

    I hope to be financially independent (no mortgage, enough investments to last for the rest of my life if I was to retire for good at 50-55) by 33. I got an early start in a field with insane (but not too insane) salaries. If I can compound that in my 20s and early 30s, that’ll be huge.

    That being said, I don’t know if I could ever completely stop working. I also don’t know if I will have kids, so I don’t know what I would do for the rest of my life if I stopped working at 40 or even 50. I would probably get pretty bored. Then again, that might be why there aren’t a lot of older people in my industry.

  • Brandy says:

    My husband and I are on track to fully retire by 50…but that is still 20 years away so who knows what will happen. Once we retire, we plan on living off dividends/interest/etc. and not touching the principal so it should last us.

  • 20 and Engaged says:

    I plan on partially retiring by 35 and fully retiring by 55-60. If my online empire takes off the way I anticipate, I can be financially independent in the next 15 years with no problem. 55-60 is probably when I won’t want/need to work anymore and will spend my time traveling.

  • Ryan says:

    62 is my target for full retirement (35 years away). Clearly, many variables between now and then. My wife is due in August with our first child. She’s leaving the workforce to raise are child, so we won’t be saving that income anymore. However, we have a good start on retirement savings after 3.5 years of both working and saving 35% of our income. At the same time, we’ve built a good emergency fund and paid down 50% of our small mortgage. So, while I won’t retire as early as many, I’ll happily raise a family with my wife. We are thrilled to become parents. Enjoy life’s journey!

  • jlh says:

    I wonder if our fearless blogger has consider kids, like some of the respondents above. Those suckers devour your savings.

  • KB says:

    It seems like I am in the minority of not wanting to retire very early. I actually want to work until I am close to 70 (or at least now I do, that may change in the intervening 4 or 5 decades). I’m a bit of a work-aholic, I honestly cannot imagine what I would do every day for 20 years if I retire at 65 or younger. Sure, you can travel and pursue volunteer interests, but I’d rather travel more now when I am young and mobile, you know?

  • I think I’d plan on fully retiring around age 60…I dont want to spend my entire life working…at the same time, I do have career goals on aspirations, and it’s going to take some time to achieve those. So even if I was able to retire early i would probably hold off for that reason. Gives me about another 30 years!

  • Ron Ablang says:

    I am also planning to retire (fully) at 60. Only because that would give me 30 years pension. And then move to a foreign country and live like a king.

  • My dad is about 3 or 4 years away from retiring from a leadership position. He runs the whole orginization and he is ready for retirement. He and my Mom will be pleased to travel and take part in the growth of their grandkids. It’s a very selfless aspiration.

    It’s easy in my 20s to be so career focused and assume my mindset will be the same when I get into my 50s and 60s. Even 3 years back, I still had something to prove, but now I am feeling more secure and capable of longevity, and I can understand that someday, I will be pleased with what I have given and accomplished, therefore taking life as it comes (my opinion of retirement) rather than going out and getting it (as I do now).

    After talking this out, I would like to financially independent ASAP (obviously:), but the way I was made, I have to be doing something.

  • fool says:

    45 partial retirement 60-65 full retirement

    I plan to be debt free by 33, and be financially independent of a job by 45 and retired by 65. See my reply to GE’s post referenced above by him :)

  • JC says:

    Many of these replies are quite impressive. Tell me your secrets! The only reason I can think about retiring at 60 is because I’ll likely be commissioned this January in the Public Health Service, and 30 years in puts me at nearly 60 years old. Are there any other commissioned officers on this board? If so, I’d like to hear some of their financial/retirement strategies.

  • Sarah says:

    Husband can retire at age 48 with a full pension. He is a police officer and his pension is fantastic. The way we are saving and the aggressive approach we are taking in paying off our house, we hope to retire fully by 50-55.


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