General Discussion

GulfCoast66

(11,949 posts)

13. I am 52 and I guess we could retire in 4 years...

Sat Jun 16, 2018, 11:39 PM

Jun 2018

But why? I am just now gaining my stride and have enough experience that problems that would have killed me at 33 seem insignificant.

However, everyone should be able to retire at 65 with the guarantee of a comfortable if not luxurious life till they die. It is not hard. Many other nations have done it.

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Most millennials expect to retire at age 56 [View all] brooklynite Jun 2018 OP

Positive thinking I guess. JDC Jun 2018 #1

56 comes fast. JenniferJuniper Jun 2018 #2

75 comes even faster. shraby Jun 2018 #3

this is true Demovictory9 Jun 2018 #27

You must work before you can retire. democratisphere Jun 2018 #4

Or just getting out of your parent's basement. .... Throck Jun 2018 #5

Or just getting out of your parent's basement. LenaBaby61 Jun 2018 #19

That usually helps. leftofcool Jun 2018 #7

Wait till the redumbliCONS raise the social security age to 102. democratisphere Jun 2018 #20

If life expectancy is 130, Igel Jun 2018 #44

This Gen-Xer wishes them luck. Coventina Jun 2018 #6

Same, in every single way. DangerousRhythm Jun 2018 #25

Delusional on their part. roamer65 Jun 2018 #8

56 years of age is ancient old to a twenty year old. Baitball Blogger Jun 2018 #9

Too true dawg day Jun 2018 #11

lol. there is a saying. When young, the days go fast & years slowly, when old, the days go slowly Demovictory9 Jun 2018 #28

A 20 yo is not a millennial crazycatlady Jun 2018 #61

Actually, the definition seems to go back to 1980, which makes their retirement expectations quite a Baitball Blogger Jun 2018 #68

I'm a 1980 baby and refer to myself an an Xennial crazycatlady Jun 2018 #69

I thought I'd do that too-- dawg day Jun 2018 #10

That's interesting. My opinion is most millennials won't retire at all if they don't start getting ooky Jun 2018 #12

I am 52 and I guess we could retire in 4 years... GulfCoast66 Jun 2018 #13

Well bless their hearts. AJT Jun 2018 #14

The Homer Simpson retirement plan Yavin4 Jun 2018 #15

With the avg age of death in the US around the mid 70s that's not a bad idea but what's most likely uponit7771 Jun 2018 #16

They're sold on being a millionaire or becoming one by hitting the lottery. It's a control mechanism TheBlackAdder Jun 2018 #17

In related news, a horse talks to his owner, a coyote uses a rocket to try and catch a roadrunner, LastLiberal in PalmSprings Jun 2018 #18

Of the three DFW Jun 2018 #38

Go coyote mythology Jun 2018 #42

Most millennials will be unable to retire at all until they HAVE to OR at 70 the earliest CousinIT Jun 2018 #21

I remember when I was 27, thought retirement at 50 was a cinch. DFW Jun 2018 #22

You'll be surprised how your days fill up when your retire. brush Jun 2018 #55

Absolutely! former9thward Jun 2018 #58

That's what my wife said DFW Jun 2018 #70

Sounds like you're in a good situation so there's no need to rush... brush Jun 2018 #71

Ha ha ha ha ha ha ha ha ha!!! Initech Jun 2018 #23

i'd say they're probably not far off 0rganism Jun 2018 #24

I was 'retired' the day before my 58th birthday. SeattleVet Jun 2018 #26

And you have to have a job that pays you more than enough for normal living so you can invest diane in sf Jun 2018 #32

reality hits people around age 28, that they aren't going to be a rock star, baseball star or Demovictory9 Jun 2018 #29

Life expectancy at 56: men: 85, women: 88. Translation: that $million has to last 30 years progree Jun 2018 #30

Thanks for putting this link up, informative...those already taking SS, this is a wake up ... SWBTATTReg Jun 2018 #43

I don't expect to retire at that age... vercetti2021 Jun 2018 #31

No safety net. No retirement. Cattledog Jun 2018 #33

I'm a tailend Gen-Xer myself. But this survey sounds like BS to me. phleshdef Jun 2018 #34

Retired 16 years ago at age 52. safeinOhio Jun 2018 #35

I would consider not having kids being the "blessing"... brooklynite Jun 2018 #48

I know.. safeinOhio Jun 2018 #50

I wish I could invest in the lottery ticket business because it sounds like thats their plan TeamPooka Jun 2018 #36

Important Message for millennial republicans Achilleaze Jun 2018 #37

Many retired before even starting work lol. Tipperary Jun 2018 #39

Why do you think this one guy represents millennials? Mariana Jun 2018 #63

"53% expect to become millionaires" Baclava Jun 2018 #40

Not enough info here...but I believe it based on my own anecdotes cbdo2007 Jun 2018 #41

Hey, you can't be telling the truth like that here. nt. Mariana Jun 2018 #64

Well, where will they get health insurance? NT KatyMan Jun 2018 #45

I'm a boomer edhopper Jun 2018 #46

My wife currently plans to retire at age 59 brooklynite Jun 2018 #47

But most don't have that luxury edhopper Jun 2018 #57

I'm pushing 50 and my father retired at 55. aikoaiko Jun 2018 #49

Fox Business and TD Ameritrade? Seriously? shanny Jun 2018 #51

Perfectly achievable as long as you can get a house early on in life ansible Jun 2018 #52

lol OK ! stonecutter357 Jun 2018 #53

Statistics says that most people won't have enough money to retire at all VMA131Marine Jun 2018 #54

That's close to the retirement age in some countries Renew Deal Jun 2018 #56

If they eased off on the iced coffee and artisan cheeses it might be possible BannonsLiver Jun 2018 #59

I know quite a few Boomers who retired in their mid fifties. progressoid Jun 2018 #60

Tech and social media have warped perceptions wonkwest Jun 2018 #62

My husband plans to retire when he is 50 or 51... helpisontheway Jun 2018 #65

They might be able to if they never move out of their parents places. boston bean Jun 2018 #66

'Millennials may not have the best reputation for financial savviness' nini Jun 2018 #67

I'm Gen X. xmas74 Jun 2018 #72