Retiring very early... at 35-45.
Retiring very early... at 35-45.
Author
Discussion

cat with a hat

Original Poster:

1,488 posts

149 months

Sunday 10th April 2016
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- Has anyone sacrificed their life to get into a position where they can retire very early in life? mid 30s to mid 40s?

- Is anyone currently in the process of doing so?

- Has anyone had to abandon their plans to retire early due to wife / kids etc.


Interested to heard everyones opinions and experiences.






Cupramax

11,007 posts

283 months

Sunday 10th April 2016
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Im of the impinion that unless you have the money to do the whole international playboy thing then its not as clever as it sounds. I gave up work 3 years ago at 46 as a result of various things going on in my life at the time. House is paid for and Im by no means skint but im also bored stless so im now on the hunt for something to do albeit part time preferably.

ruggedscotty

5,998 posts

240 months

Sunday 10th April 2016
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see above - even lottery winners hate doing nothing....


GG89

3,693 posts

217 months

Sunday 10th April 2016
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Cupramax said:
Im of the impinion that unless you have the money to do the whole international playboy thing then its not as clever as it sounds. I gave up work 3 years ago at 46 as a result of various things going on in my life at the time. House is paid for and Im by no means skint but im also bored stless so im now on the hunt for something to do albeit part time preferably.
This. Unless you have tens of millions of pounds to do as you wish you would soon get very bored retiring so young, Well I would anyway.

Robertj21a

18,009 posts

136 months

Sunday 10th April 2016
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It will work fine if you have loads of interests, hobbies, sports etc - if not, you'll be bored senseless.

grumpy52

6,078 posts

197 months

Sunday 10th April 2016
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I once did a delivery to a place at a very well known town on the Thames ,it was owned by a guy that had retired in his early forties having made £400+ million in the stock market .

Cupramax

11,007 posts

283 months

Sunday 10th April 2016
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Yeah, as said, unless youre absolutely loaded, have inherited a fortune or have won the euro millions forget it.

Jasandjules

72,673 posts

260 months

Sunday 10th April 2016
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Even if you've won the Euromillions, frankly do you want to retire? There is a limit to what you can do in terms of "fun"..

Then if you've not won the Euromillions I can't see it being ideal because if you have worked hard enough to be able to retire around 40, you are going to get bored.

Cupramax

11,007 posts

283 months

Sunday 10th April 2016
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If you have enough you can keep occupied spending it...

Wacky Racer

41,401 posts

278 months

Sunday 10th April 2016
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Depends on whether you enjoy your job or not.

Alan Sugar, Richard Branson, David Beckham, Paul M'cCartney all could have retired in their mid thirties but continue to work because they enjoy it.

Retiring doesn't have to be forever, you can always look for a job again if you are bored.




bomma220

18,166 posts

156 months

Sunday 10th April 2016
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A friend of mine retired in his mid 40's having inherited around £2.8 million. Despite hardly ever having having a drink prior to his inheritance, he died 7 years later a very bitter, lonely alcoholic. He spurned all attempts from friends and family to help.

Of course I'm not suggesting this happens to everyone who retires early, just a pointer towards the fact 'the grass is not always greener'...

Alucidnation

16,810 posts

201 months

Sunday 10th April 2016
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/popcornsmiley/

2 sMoKiN bArReLs

32,039 posts

266 months

Sunday 10th April 2016
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I retired at 46. But! Her indoors didn't, so it created a fair chunk of stress. I now do 2 days a week & it's a fair compromise biggrin

Speed addicted

6,335 posts

258 months

Sunday 10th April 2016
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Jasandjules said:
Even if you've won the Euromillions, frankly do you want to retire? There is a limit to what you can do in terms of "fun"..

Then if you've not won the Euromillions I can't see it being ideal because if you have worked hard enough to be able to retire around 40, you are going to get bored.
I work offshore in the North sea and have 3 weeks off at a time on an equal time rotation.
I feel that given sufficient reserves of cash I could happily retire tomorrow. I'm actually looking into skipping a trip next year (unpaid) to have 9 weeks off so we can go for a jolly to New Zealand.

If you think you would get bored not working you simply don't have enough of an imagination.

If I were to get a decent win on the lottery I'd be out of here pretty quickly.
A bloke on another rig won a million a few months ago, he was away so fast that he didn't bother to pack or clear his desk. Just went into the daily meeting and told them he was away! He's a bit older than me though.

MitchT

17,158 posts

240 months

Sunday 10th April 2016
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I don't think I'd ever want to retire, as such. I'd love to have enough money to give up work though, purely because I have a ton of ideas for ventures I'd like to try out but work gets in the way.

SpeckledJim

34,453 posts

284 months

Sunday 10th April 2016
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grumpy52 said:
I once did a delivery to a place at a very well known town on the Thames ,it was owned by a guy that had retired in his early forties having made £400+ million in the stock market .
Oh! Oh! Oh! Me!

Was it London!?

I love a guessing game.

bayleaf

285 posts

130 months

Sunday 10th April 2016
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grumpy52 said:
I once did a delivery to a place at a very well known town on the Thames ,it was owned by a guy that had retired in his early forties having made £400+ million in the stock market .
This is my favourite anecdote ever. I can't wait to recycle it myself as 'a friend once delivered something somewhere on the Thames to someone who had retired.'


I will be the envy of my dinner guests.

POORCARDEALER

8,669 posts

272 months

Sunday 10th April 2016
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I know many wealthy individuals who packed in in their 40s, they all seem happy enough....wouldnt imagine its much fun if your potless

poing

8,743 posts

231 months

Sunday 10th April 2016
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Depends on the person I guess. I could do nothing as an olympic sport so could retire tomorrow with enough money.

There are so many things you could do for free or cheaply. Learn a new skill or volunteer just for starters.

SlimJim16v

8,208 posts

174 months

Sunday 10th April 2016
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Doing nothing is an art, some people just aren't up to it.
Luckily I am.