Ask Lemmy

I'd continue to work. I want to do more in my retirement than just stay at home.

Lol, that's called being homeless

Yes.

I would have retired at 16 if I could.

I don't think I could keep my expenses at 65% of what I spend now because I already spend as little as I can since I'm trying to save up for an early retirement. I'd love to retire as early as possible.

For sure no. I don't want to live frugally for the long term. I played that game in college and I'm not excited to go back.

When I was approaching 30 I was looking forward to kids, and that wouldn’t be sufficient to raise them.

In a couple years though ….. once they are through college so I’m done with those payments and child support, living on 65% of my income would be easy.

No, work is nice tbh. I might do 35 hours instead of 40 a week at some stage but full on retirement at 30 doesn't sound appealing at all to me.

I'm not retiring until my house is paid off and I can include at least 1 large vacation a year into my budget. Those two things will probably happen simultaneously, but I've never heard of anyone paying off their mortgage by 30 in my life.

My wife and I spend about 25% of our pre-tax income on childcare. Cutting that, plus another 10% other places would be fine.

No.

My mortgage and childcare are like 80% of my outgoings. Once the mortgage is gone and kids in school maybe

It depends on what you mean by current spending. I'm putting almost a third of my pre-tax income into savings already. If you mean I can live off of 65% of my default post-tax salary, sure. That probably wouldn't change too much from my current expenses, and I would love the free time. If you mean 65% of what's left over after my normal contributions, then that would be pretty tough. I consider my current lifestyle to be relatively frugal, so that would be very hard.

I'm actually trying to achieve the FIRE lifestyle, so the goal is getting to the point where average post-tax returns on investments is at least annual expenses. But I can't do it by thirty.

30s are prime earning years – stick with it for a bit longer.

Fuck yeah. Nothing's more tiresome and stultifying than the whole work routine. That's time you're never getting back.

The whole idea of retiring at 65 after you've been squeezed like an orange that's been sent twice into the press, just to "enjoy" your failing body, failing senses, failing brain in your twilight years is absurd.

If you can retire at 30, hell yes do it.

I would, but it's not possible since I don't have millions of dollars in my savings account.

Depends on if I could afford to own a scrapyard/pick and pull first. As a welder and machinist, thats basically a playground for me. If I ain't working, ill still be making. Otherwise, yes. I don't spend much now as it is, but growing my own weed would probably drop me below 65% by itself.

I am older than 30, but am literally facing this decision right now. I have chosen the latter: work for more years for better lifestyle and financial security. My job isn't too bad, so I don't have a huge push to walk away.

I'm planning to scale back my career in a few years, but most likely part-time or seasonal work rather than full-on retirement.

I don't think you would keep up with inflation

I'd do it, but retiring early = doing my hobbies instead. Long days writing books, making art, volunteering, and pet sitting. Retiring would just mean working the jobs I want instead of the ones I have to.

heck. health insurance is a third of my expenses as is. would take that in a heartbeat. not to mention whatever youthened me. thats just a bonus.

I'd try, but my shopping addiction would get me in trouble.

Nope, 65% of what I make now is barely subsistence. It would be nice for a few months, but quickly become boring

Probably not.

1. I can't be certain that these earnings will cover even 10% of my expenses for a lifetime, because you never know.
2. I feel too young to make such a drastic decision that will tremendously limit my future.
3. I prefer enjoyable work with a healthy work-life-balance over not working at all.

If anything, I'd take more risks and sacrifices to get a more fulfilling work experience.

Invested in what ? What's the magic trick that won't leave you with nothing in the next 10 years.