At what age do you plan to retire?

[KathyWoolfe]

The age problem is "yesteryear".

Not for permies it isn't!

[n5gooner]

I'd like to finish having to work full time in the next 5-7 years, that inc. paying off mortgages. I'll have 'other' revenue streams up and running by then that require little work, or can be managed by others.

[Lockhouse]

I'm nearly 45 and plan to sell up and move to the South of France when I'm 50. I might do bits and pieces of stuff just to keep my hand in, but plan to downsize; living off my BTL income with a couple of small plan Bs thrown in.

[ChimpMaster]

I'm nearly cash-flow positive on a monthly basis without having to work. I'm going to contract in my dying skillset for however long possible -- probably 2 or 3 years at most. After this, I don't give a f**k!

At some point I would like to have cash-flow of £5k a month - but could take a while. I'm quite well diversified in terms of asset classes but I'm missing the most important one - a business. And no, I don't count a 1 man Ltd Co where I do ALL the work as a business... I mean a largely self-sufficient business.

It true about the family tho - i.e. when I was a yoot I would plan my "retirement" at 35, but soon realised that was impossible when wife and kids came along.

[HarryPearce]

Joined the Civil Service four years ago. Retired four years

Nick

[Churchill]

Ooooooooooo tetchy.

I'll probably grow out of it by the time I get to your age...

[VectraMan]

in IT, your finished at 40

Less than 4 years to go then. That's good. I could do with a rest.

[LGDT]

5 and bit years to go. Finishing at 50.

That was always the plan and partner and me have stuck to the investment plan through thick and thin.

In fact I could go now but the last few years will give me that last little bit of security and I’m quite enjoying being in a position of strength with agencies and clients in dictating where and when I will work.

[ChimpMaster]

5 and bit years to go. Finishing at 50.

That was always the plan and partner and me have stuck to the investment plan through thick and thin.

In fact I could go now but the last few years will give me that last little bit of security and I’m quite enjoying being in a position of strength with agencies and clients in dictating where and when I will work.

50 seems so far away, but I know it'll come up like a sack of potatoes over the head.

Did you have kids to account for also? What was your investment plan?

My wife is good at saving & planning, but keeps going on about putting the kids in private school, which if we have 2 kids (1 at the moment) will be something like £20k a year!!

[RightLaugh]

Private school is a waste of money. Move to an area that has good schools which you don't have to pay for. I went to a rubbish school, a crappy college and a poly turned uni. However, I'm sitting next to a person who graduated from Oxford.
If you thick your thick doesn't matter how much you spend on education.
Wife and I believe that it's also up to the parents to educate their children. Helps that she's also a brilliant teacher as well.