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What made you 'pull the trigger'?



  • SomebodySomebody Forumite
    58 Posts
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Packed it in after (i) the wife resigned; (ii) being mortgage and debt free; and (iii) the kids all finishing uni and getting decent jobs.

    I'm one year in.  Retired Jan 2022, although didn't start drawing DB pensions until 1 May.
  • sevenhillssevenhills Forumite
    5.1K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    chubsta said:
    To say I am 'planning' my retirement is a bit of an understatement - I have multiple spreadsheets dealing with historical and future outgoings, projected pension income, inflation rates etc. To be fair, I often have a bit of spare time in the morning so often spend an hour or so adjusting figures and making small changes to prospective dates so it doesn't get in the way, and whatever happens I want to be able to say that at least I covered all the bases when I make my final decision on when to leave work.

    I dislike the place I am working at but have been there for over 38 years(!), the job has changed a huge amount recently though so I just want to leave, the plan is to then get a part-time, minimum wage job for a few years just to keep me busy for the two days a week I will have spare.

    But as my prospective date gets closer and closer it is actually becoming quite scary - I have had the safety net of doing a job for decades that I can do easily so the idea of not doing it any more, as much as I dislike it, is very unsettling. But I am definitely going to leave in the next year or so, so my question to others is, what made you settle on a date to retire?

    Was it:
    I have enough money
    I am fed up with my job
    I want more spare time
    a significant birthday (60 etc)

    I would imagine for most people it is a combination of the above, but which was the actual one that made you think the time is right? I am at the point where I am working out whether I should go on X date, or 5 weeks later but perhaps I am going into it in such detail as a form of delaying tactic, as I can always think of a reason why I should go slightly later, then I work out that actually, sod it, I may as well go a month or two earlier!

    I am guessing this sort of anxiety is recognisable to a few of you?

    People that I know that retired early were people that disliked their job, but the money for them to retire must be there too.
    I am hoping to have more money in retirement than I have whilst in work, so I cannot retire yet.
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