https://www.daveramsey.com/smartvestor/investment-calculator?snid=footer.tools.investingcalculator

This guy is fun to listen to and has lots of good advise to help you get out of debt. Also good suggestions to set yourself up for retirement.

I retired at 55 and have no regrets. Two other guys, who were not planning to retire for 5 years, asked how I could afford to retire. They were convinced I must have saved a pile of money. I told them I was going to retire and live on my retirement pension. Period. My savings consisted of not spending as much money after I retired. They both retired the same month I did, and all of us are glad we did 13 years ago. Those have been the best years of my life.

I turned 62 last week. I will work 9 months and done. I need to work on heath care and that is IT.

So what do you guys plan to do after you retire; just sit in the shade? Making money is fun, not just because you can do stuff with money, but it's kind of a game. I'm 60 and have never given retirement a thought. My plan is to work and play until I drop.

Me i'll dug roots and fish all summer. hunt,trap,ice fish.and can work some cash jobs.JUST BE A WOODBUM .

I quit my job at 54 1/2. I worked everyday underground for 20 years and then another 17 in management which was both inside and outside work. My accountant guaranteed me that I had enough money for two families to retire with, but I couldn’t find a doctor who could guarantee that I would live past 3:30 today. My three kids finished college and we paid for their 4 year degrees. I used several money managers and bought mutual funds, preferred stock, bonds, common stock and an annuity to diversify my holdings. I invested for 20 years, buying every month, and increased that amount every year as my income rose. My wife retired at 57 as a teacher and she recieved a pension and we will have health insurance till we turn 65.

I had a long range plan to retire early ever since I turned 40. My health is good and I’m very active at 60 years old. People ask me....what do you do all day? You can’t just hunt, fish and trap? I respond, yea you can, and I’ve even done all three in the same day. I grow a 3/4 acre garden, tend to an orchard, keep bees, go to camp every week, cut wood, and play with my 5 grandsons who are all under 4.

I had a great job with a great company but the urge to play was too much for me to keep working. I do miss my friends at work, and there isn’t many kids my age to play with....they’re all still working. But there was never a day I regretted retiring early. You’re not guaranteed any tomorrows.

Well, today was kinda rough. I got up this morning, about 4, and went squirrel hunting. Came home and read a bit of “Common Sense” by Thomas Payne. Kind of a weird read, if you have never read it.
I went out, about noon, and dug potatoes. Came back in and read a little more of “Common Sense”.
About 2 in the afternoon I picked up my 4 year old grand daughter and took her to the swimming pool. She didn't want to leave and we spent three hours at the pool. I got home about 6 and ate some sea food bisque and started drinking “Rusty Nails”. This retirement is rough. Don't do it unless you are really prepared for it

15 years ago I retired at 53. If I knew it was going to be this much fun I would of done it at 50.

I work part time but can only work 20hrs a week or the State gets huffy and some weeks I don't get called. I work on skunks, glands and lures in the summer time help out the brother-in-law at the farm with cattle and driving truck. I trap 6-7 months here in the fall, winter and some spring beaver or badgers at times.

If I knew I would be having such a good time, I would never had started working in the first place

A guy can spend a few years selling off the junk that he no longer needs that is piled up in the sheds! LOL

My broker told us we'd need about $6000.00 a month to retire. Thought he was nuts. Health care is absurd! Have no payment/mortgage. He wasn't far off! Retired @ 55 are doing great but had no idea the expense.

To me the five or ten good years I hope to have that I feel like hunting, trapping and fishing will be worth more than the salary. I’m going to take that deal in a couple years and I’ll gear down on spending if I have too. Everyone must make this huge decision in life if you work for a living someday.

This***.I had a good friend who spent 40 yrs.working for the state of Michigan,spent all his spare time hunting,guiding bear hunters,fishing,trapping.Couldn't wait till he retired so he could go all out,1st yr.into retirement he was diagnosed with a brain tumor,he fought it for a year,3rd into retirement was his funeral.Enjoy your time now,not after you retire.

My buddy retired at 50. Says he spends a lot less now that when he worked. Says I'm stupid for waiting till I'm 55.

But everyone has different financial situations...But some THINK They need more money than they really do.

After about that age, Being able to do things like you want physically can be lost...so what's your quality of retirement if you wait for "X" amount of money?

Retired at 55 and 6 months, I do not regret 1 min of retirement. I have done a lot of things I always wanted to do, vacations, trapping trips, Canadian fishing trips. I have been retired for 8 years. I was able to carry my insurance into retirement, so that saved a bunch.
Also having no debt is nice, makes it easy to do the fun things.
I agree with law dog, you can sell off all the junk you have accumulated over the previous 30 plus years and put a lot of cash aside.
Our sell off produced about 30 grand.
I also work cash jobs as I am needed to stay busy.
The amount off money needed will depend on what you want to do after retirement, do you want to stay home raise a little produce, trap, roots,hunt,fish ect. Then it will be a lot cheaper, but if you have vacation plans ect you will need more. The price of retirement will differ by individual and life style.

A lot of good advise here. I still have a lot of thinking to do.

Retirement is just a political made up idea created to draw funds into a Social Security tax.

If you can't work until you die, you're just a drag on society.

T Rex, you're just a ray of sunshine.

I’m seeing guys where I work that could have retired several years ago and they’re having major health issues, strokes, and such or their wives are. My wife’s stepfather worked longer than he should and lived three months after he retired. I have a friend that retired from the education system and retired as soon as he could and he’s been retired longer than he worked now, he’s 82, and he lived a whole other life after retirement. These things have been factors in my decision.