What's your end goal when you retire?

Sibley

If possible I'd like to buy a nice house in Thailand and live off the UK rental property.
I'm living for today though. Had to many friends die young.

Road_Hog

moneyinmypocket wrote: »

I'd like my home paid off long before I retire - I used to have this discussion when I rented with friends - if you rent and then you retire at 65 for example, where would you go? Would your savings allow you to private rent? Would you have to move into council provided home? Or would pension cover rent?

I aim to retire at 62. If I'm still in good health then, that will be a bonus and a good starter.

My previous company pension kicks in at that age and I think the wife's does as well. I've got quite a few years in at a decent blue chip top 50 international company, so hopefully that is safe.

I'm 46 now, I'd like to bring my target retirement age down, hopefully to the late 50s. I've got a BTL house that is almost paid off and my current mortgage has just under 12 years to go. So 58, it may be, although perhaps I'll be able to trim that.

I'm not counting on the State pension, currently I won't get that until I'm 67 and by the time I'm 67 it will probably have been raised to 70.

So, if I manage that and have my health, then I'd like to move abroad, which the wife is in agreement with. I'd like to be in a position to travel. I've always like travel and have been to most corners of the Earth, but there are still plenty of places left. I quite fancy moving to Queensland, Australia.

Fortunately for me, I don't have any kids to worry about, or leaving any inheritance, so I can sell up with a clear conscience. I'll miss Britain, but I don't think it'll be the same country in 15 years time.

SteveV2

Since family life my fishing has gone totally out the window. Hopefully, and that's hopefully way before retirement I will start going again

misskool

i'm hoping to die happy

kabayiri

When I retire I'd like to be healthy, enough income to get by, and secure.

Beyond that, I'd like to have a society which respects elderly people like myself and which believes it has to pay for them.
I'd like respect from younger people, and not fear to step outside my front door.
I'd like to feel I understood my community, and felt confident in it, not it changing to something I didn't recognise.
I'd like to switch on the news, and not feel like Armageddon was around the corner.
I'd like to see a return of good manners, and general warmth between people in the community.

In fact, thinking about it, many of these things aren't related to the pension I will receive.

shortchanged_2

I would like to buy a golf buggy with some of my lump sum and play lots of golf.

caeler

I'd like to be mortgage free, a modest pension with some savings and hope the interest rates recover so I can use the interest to supplement my income. I've got 35 years to go so I'd better pull my finger out!!

kabayiri

shortchanged wrote: »

I would like to buy a golf buggy with some of my lump sum and play lots of golf.

I knew I'd missed something off the list

chucknorris

kabayiri wrote: »

I knew I'd missed something off the list

I'm saving golf up for my last form of exercise when I'm too old to run or cycle, please don't bring up golf buggys. I would hate to think of the day when I need a golf bugge to get around a golf course (I obviously see the need for disabled and very weak old players).

nollag2006

Retire at 60. House long paid off (almost paid off now at 38). Good company pension scheme in place

The three girls all well set up. By the time I retire the BTLs will have been fully paid off, and hopefully the girls will have finished Uni, so its up to each of them to conisder whether they want to sell up or move into their own flat.

It's a nice thought to think that the current tenants are financing my family's future so well.