54 and to retire

[Trefor]

Yes times are a changing Michael, yes many would like to live a very long time, but we don't have a choice in that matter, once you know that you can retire from work do it as many have stayed you don't know when your last day will be up

The trick is working out the right balance of course. How long do people in your family live for any issues with the big C, other family demands. Then you get run over by a Jeepney on day 1 Hence live for today

My problem is that I want a comfortable retirement, flying back and fore to Asia, 2 homes, nice wheels and not to be worried about paying the heating/aircon bill. I could retire tomorrow if I go on the figures at the start of this thread. I do wonder what this guys Mrs will do once the cashflow stops...

[stevewool]

The trick is working out the right balance of course. How long do people in your family live for any issues with the big C, other family demands. Then you get run over by a Jeepney on day 1 Hence live for today

My problem is that I want a comfortable retirement, flying back and fore to Asia, 2 homes, nice wheels and not to be worried about paying the heating/aircon bill. I could retire tomorrow if I go on the figures at the start of this thread. I do wonder what this guys Mrs will do once the cashflow stops...

The cash flows will not stop, ok they could reduce, but once the state pension kicks in then it's another income,
Like anything in life you cut your cloth accordingly, but some won't and don't

[Arthur Little]

Well personally it doesn't look enough.

Seems awfully low to retire in the West.

... 'fraid I disagree.

No issue in retiring early if he's had enough of work, but what will he do with himself? Maybe he doesn't expect to live too long, or he's very frugal?

Having decided to quit my stressful job at a comparatively early age also - with only a fraction of what this couple have between them in total - rest assured, I managed fine financially on an index~linked pension on top of a severance [lump sum] payment of £111/2k.

So, ... it CAN be done - without living frugally - as I've indicated.

... you cut your cloth accordingly, but some won't and don't.

Precisely, Steve! 's what I do and, of course, given the fact that neither Myrna nor myself drive, don't have to worry about the considerable expense involved in the upkeep of a car.