He Retired at 60 with $800k and Now Regrets It

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*431 {Hammad}[NE] He Retired at 60 with $800k and Now Regrets It

[HolgerRuneFan]

Time before money! I retired at 55 and 8 years later, I have zero regrets. People don't realize how quickly time flies as you age and how the body deteriorates even if you're thin, fit and highly active. I haven't spent one second being bored and can't imagine how anyone retired is bored. Retirement should be like childhood, just total freedom.

[hubster]

Oops, retired at 55 with far less than 800k, man im loving it.

[KentHulbert-yh]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[NicholasBall]

So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

[RobertReece-xp]

My company paid a consultant to provide retirement classes when I was 24 and just started saving for retirement. The class was called "The Kids Table" and basically their advice was go with a target retirement fund that aligned with your 65th birthday. That was 20 years ago. It is the only thing I've ever invested in. How else can I grow my finance?

[Riggsnic_co]

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

[torchy]

Retired at 51. Never looked back. It's all about a lean budget.

[bobackerman]

Hi Azul,
Bob here ....
i retired at 61 with about $650k ...
13 months into and not regretting it at all ...

[Jughead]

I haven't encountered anyone who regrets being retired. The problem is that people allow their jobs to become their identity. Retired at 50. 58 and would never go back.

[AdamGreene]

My original retirement plan was to retire at 67, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[stevenk]

"Using entertainment to replace purpose". Some have been doing that their whole life, and now end up with neither.

[CraigLuner]

I'm 42 and live comfortably, but it still worries me. You never know what the future holds, and if you don’t save enough, going back to work may not be an option. I want to retire with 800k at 60 too.

[FloodedOrchids]

Many retirees outlive their savings, facing money struggles as healthcare, inflation, and lifestyle costs add up fast.

[cerealkillersl]

49, planning on retiring in 12 months. Have no problem living a simple life.

[DavidWilliams-qryj]

If you can't retire on plus your social security, you have budgeting problems.

[BlomeEndresen]

I’m 62 and just retired, but I’m unsure what to do with my super. I’ve heard of options like keeping it invested, taking a lump sum, or starting a pension stream. But with inflation and market volatility, I’m scared of making a mistake.

[gerson]

Wait, retiring at 60 is too early now? Who knows how much time we have here on earth? Spending half of your days at work for almost all your life is something to regret really. Especially if you don't even love your job.

[tanyabischoff]

I just turned 46 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 55. How best do I maximize my savings of over $150k

[cuz]

Azul, a calm voice that reassures. I'd be worried with only $800K, but I know it is probably enough for most people. There is always that fear that you don't have enough. Its a very individual decision.

[RobbieNixon-dw]

People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?