Can you, or will you be able to, retire and stop working?

I was hoping to be out at 65, but since I bought my house on my own two yrs ago at 55, and I live by myself (so no romantic 'drain' but also no co-contributor to the repayments), I think I'll now be aiming to retire at 70.

I already am no longer working full-time, so I'm on the slow downhill pathway to stopping working. 8-)

Sadly there are some people who can't or won't be able to stop working past their 60's or 70's, and a smaller again subset who don't want to stop working (my hat is off to those).

Fortunately I am in neither of those categories.

Employers do not generally value their employees and your employer (and management of said employer) are generally not your friend(s).

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PoohSmasher

Congrats on the house, that is a big milestone. All the money you put into it (mortgage) will come back to you when you sell later, so keep dumping all extra money into it. Also rent out spare rooms if you can. Might pay your mortgage payments from that and then you can double the payments, brings down the mortage quickly.. or buy a new car instead. Cars are depreciating assets though. Home is a better investment.

zonavar68 · 56-60, M

@PoohSmasher Never bought a new car ever. 8-) Or a new house. Never will be able to afford to build (or buy) a new home. Spare rooms are allocated (a) to my daughter and (b) to my hobbies. Property will become an asset to split up between my kids (3 x adult + 7 y/o) once I'm gone.