When to retire?

[Nomad74]

I'm wondering what is everyone’s personal number. How much money in the bank does it take to make you say you’re done with carpet cleaning. What is that safe number? I think I'm at a place where I could do it and support myself just on my investments, but my personal target is just a bit higher from my current balance.

I know all the answers will range wildly, but i’m truly curious as to what your number is to say, “I’m done”.

 

[Living The Dream]

I don't have a specific number yet, as inflation will play a large role, but my goal is 60 years of age.

 

[Kenny Hayes]

When you don’t enjoy or like it at all anymore. Then as soon as you can. Everyone’s different. How do you define retirement?

 

[Nomad74]

Ok so when your 60. But how much in The bank? To retire at 60 with a savings of $5000 doesn’t work. Whats your $$$ figure?

 

[Nomad74]

How do you define retirement?

When you reach critical mass. You have enough money or investments in passive income to meet you daily needs and support your lifestyle until you die.

 

[KevinD]

Mine was age 58 when my dividend income had been exceeding my carpet cleaning income for several years.
I also owned a laundromat which I sold at age 61 and several rental properties I sold soon after that and currently
hold all the private mortgages on.

 

[Clean Response]

My father in law number was 1 million. That is my goal. It does just depend on how you want to spend your retirement years in your house or traveling and how much traveling. Also depends on the debt side of thing as well I suppose.

 

[Living The Dream]

Ok so when your 60. But how much in The bank? To retire at 60 with a savings of $5000 doesn’t work. Whats your $$$ figure?

My situation is a little different than most. I have 15 years of railroad retirement to fall back on and a 401k. There are a few other factors like if I have to take care of my parents or not, but ideally I would like to have 7.5 mil in investments hopefully making at least 4% giving me 300k a year to live on.

 

[Josh Wood]

47 years old.
physically worn out

 

[Nomad74]

My situation is a little different than most. I have 15 years of railroad retirement to fall back on and a 401k. There are a few other factors like if I have to take care of my parents or not, but ideally I would like to have 7.5 mil in investments hopefully making at least 4% giving me 300k a year to live on.

If you learned to trade options you could consistently make 30% per year, lowering your requirement to just $1mil.

 

[Living The Dream]

If you learned to trade options you could consistently make 30% per year, lowering your requirement to just $1mil.

I'm trying man. I have been reading up on the Greeks. I did a lot of reading when you told me about the wheel strategy and have been trying to educate myself on other strategies. I just need to really formulate a plan and goal and go for it.

 

[bob vawter]

I don't have a specific number yet, as inflation will play a large role, but my goal is 60 years of age.

What makes you all so gull sure you'll still be alive.....plan for the worst....if the better happens all the better....you say retire and God jus laughs.......
I will say all the prayin... and deal making over my wife.......she actually SED to me that she's starting to feel better.....

 

[Kenny Hayes]

That’s good to hear Bob. I hope she pulls through in spite of, or to spite you Jesus even listens to a blind hog

 

[Papa John]

Ill retire when I can do so without going crazy from boredom.
My oldest GalPal advised against retiring before full retirement age, which I think is 67 for me.
I ready have enough money and passive income to retire now. But I enjoy what I do.

 

[Jack Zipper Zerkie]

This is my year to sell and retire 82 and going to enjoy life but miss cleaning .

 

[Living The Dream]

@Nomad74 would I be crazy to buy a Bitcoin right now? Do you think it will continue to go up after the halving?

 

[Kenny Hayes]

This is my year to sell and retire 82 and going to enjoy life but miss cleaning .

I can’t believe you’re doing it so soon!

 

[Jack Zipper Zerkie]

I can’t believe you’re doing it so soon!

Yea I know but the balls of my feet are starting to hurt.

 

[Kenny Hayes]

I can only imagine. Mine kill me and I’m 10 behind you

 

[Walrus Gumboot]

My number is 70 (years old) . I don't have a money figure, I'm just going to stay in the game to see our plans thru. I could have retired at 55. I'm 64.
But I'm an office guy at this point.

 

[Kenny Hayes]

Then what?

 

[Papa John]

Yea I know but the balls of my feet are starting to hurt.

Yea I know but the balls of my feet are starting to hurt.

Have you guys tried the HOKA Bondi 8 yet? HOKA's are get for old bones.

https://www.hoka.com/en/us/sale/?prefn1=group&prefv1=men&prefn2=type&prefv2=shoes&utm_source=bing&utm_medium=ppc_brand&msclkid=6f62560c27c21384ea4230133f193e79&gclid=6f62560c27c21384ea4230133f193e79&gclsrc=3p.ds

 

[Walrus Gumboot]

Then what?

I'll still be involved. lol. We've had this business a little over 7 years, and my son, who is 27 (triple master) is already off the van. We've got this Tiger by the tail.

 

[Papa John]

I love this gig too much to quit. I'll be 61 this year.- so I'm just a kid, and look it too in my bedazzled jeans.

I recently Sat on a plane next to a young female (below 35) who looked like Dakota Johnson.
We hit it off and had many things in common. She even whispered to me, "I Like experiencing new things and I really enjoy Sex"
I then start to make comments about being married and hints as to my age.-- Ugh!

 

[Walrus Gumboot]

I love this gig too much to quit. I'll be 61 this year.- so I'm just a kid, and look it too in my bedazzled jeans.

I recently Sat on a plane next to a young female (below 35) who looked like Dakota Johnson.
We hit it off and had many things in common. She even whispered to me, "I Like experiencing new things and I really enjoy Sex"
I then start to make comments about being married and hints as to my age.-- Ugh!

lol
I'm mean, YIKES!

 

[Papa John]

lol
I'm mean, YIKES!

Since working out at the gym and transforming my body, I'm amazed at the number of young women who will approach me.

Women are aggressive if they like what they see.
I had a young blond, under 30 maybe, come up to me, say I smelled good, plant a kiss on my lips, and give me a naughty look, while I stood there stunned. ALL I could think was, would this be happening if she knew my age?

 

[FredC]

and look it too in my bedazzled jeans.

are you wearing them on your head....

 

[Papa John]

are you wearing them on your head....

Don't need to. It's the vibe I give off that matters.
Had a 22 year old who thought I was under 29.

 

[Dolly Llama]

It's the vibe I give off that matters.

I "get it"
all the chics want me
(wears off fast once they get to know me)


.L.T.A.

 

[Mikey P]

Don't need to. It's the vibe I give off that matters.
Had a 22 year old who thought I was under 29.

It's the MB Lifetime Supportive Membership tattoo, women folk go kookoo over a man who shows commitment.