Captainslarty
regular
Reged: 12/08/2007
Posts: 2012
Loc: Currently La Coruna Spain
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Thought about this for a while.. was going to do a poll, but didn't seem appropriate.
Ok, I retired relatively early (Age 47 - Jayne age 41 - Molly -2) - we had LONG planned - around 10 years to be honest - to accomplish this. for us, the ability to do it at this age was -
Understanding to the best of our ability of costs.
accumulation of skills.
Lack of need of the material existence - only to be fair - by having been there ! -
The uk house price rip off - and the fact that I was in a very well payed job in the NHS with 23 years for pension - allowing me to take my pension at 50.. just kicked in... not a lot, but manageable and far preferable to the 'old' life.
we are not loaded.. don't have much in relative terms as capitol, but have a regular small income.
we would NEVER go back to the old world of cars, houses, jobs, accumulating and general society type bs and all it brings..
Anyways.. thats a very brief outline of our journey.
WHAT did you do ?? .. how.. (If you dont mind fessing up)
or, WHEN do you intend to..
how many make a plan and then let it drag on for years ?.
Its not about yotting in the great scheme.. or indeed sailing.. its a means to an end - for us .. its freedom, literally . from the past and its constraints..
where do you fit in ??.. if you aint done it... when and how ?.. what are the long term plans etc..
Hopefully it will help others in the same planning position..
It is more a state of mind than a true plan.. the state of mind allows the plan to work.. for us...
Joe n Jayne n Molly.
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PM me for info re SSB's etc. Bought, sold, repaired, fitted and optimised.
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Morgana
regular
Reged: 28/08/2003
Posts: 12220
Loc: East Coast
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going aged 50....
Been working on the plan for 5 years, and just under 10 years to go.... money going away each month, seen by us as untouchable.....
Will retain a house in the UK, which we will rent out to provide additional income...
All financial commitments are (intentionally) finished by 49 at the latest.... unlike so many of our friends we have no long term mortgage or other financial commitments taken out aged 35 that run until we are 60..... we have happily sacrificed the crawl up the property ladder to enable us to achieve this position.
From quitting the rate race, we'll have a long wait until the pension kicks in at 65, and it will be significantly reduced in value, but we'll cope with that....
We have a number of goals we've set ourselves.... we want to sail our own boat under the Sydney Harbour bridge.... we want to explore Greece properly... we want to visit the Pacific islands... we want to transverse the Panama Canal... we want to visit the Glaciers and the Fjords.... etc etc
We both think (at this point in time) that once we're on the boat, then we'll remain on it until we are too old to continue comfortably.... 
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Bored?.... why not read my blog .... its the developing story of the trials and tribulations of boat ownership!
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Abestea
regular
Reged: 04/06/2007
Posts: 61
Loc: Here, there and everywhere.
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I would like to retire between 50 and 55. I am just finishing off an engineering degree so i am going to have to examine what i need to do to achieve this in the next 15 years once i find a job.
Now if i could just win the lottery tonight......
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Somewhere between reality and fantasy......
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curve
regular
Reged: 09/02/2008
Posts: 810
Loc: North by Northwest
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As soon as I have enough funds and assets to live comfortably without the need to work.
Current estimates put this to about two or three years time at which time I will be just past 40. 
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Tranona
regular
Reged: 10/11/2007
Posts: 1076
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In the middle of the "retiring process" that is semi-retired and finally leaving mainstream job later this year.
We planned 7 years ago by buying a charter boat in Greece so we could try out the life in little bursts each year. Took the boat over this year and will try a longer spell this autumn. So far so good. Do not intend selling up as should be able to cope with 3 or 4 years and then sell the boat.
After recent trip to boat, drove back through Europe taking a week. Got quite taken with camper vans which seem a popular thing for other oldies to wander around in enjoying the world!
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Captainslarty
regular
Reged: 12/08/2007
Posts: 2012
Loc: Currently La Coruna Spain
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Excellent, yes, the camper van. nice one. it is also a way to freedom, and that, is, at the end of the day all that matters...
enjoy my friend, enjoy.
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PM me for info re SSB's etc. Bought, sold, repaired, fitted and optimised.
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Captainslarty
regular
Reged: 12/08/2007
Posts: 2012
Loc: Currently La Coruna Spain
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Quote:
As soon as I have enough funds and assets to live comfortably without the need to work.
Current estimates put this to about two or three years time at which time I will be just past 40.
Not picking you out. but HOW do you calculate that ?.. its a difficult one. Sir.
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PM me for info re SSB's etc. Bought, sold, repaired, fitted and optimised.
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curve
regular
Reged: 09/02/2008
Posts: 810
Loc: North by Northwest
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Quote:
Not picking you out. but HOW do you calculate that ?.. its a difficult one. Sir.
I run my own business and have been stockpiling rewards in the form of savings, a few shares and some property. I estimate in another two or three years I will have enough funds in reserve to keep me going until the end of my days in the manner to which I have become accustomed.
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jordanbasset
regular
Reged: 31/12/2007
Posts: 161
Loc: Shropshire
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Myself and Cathy are both retiring next year,being a gentleman I will not tell her age but I will be 49. Able to finance this through mixture of pension and property.
Would not describe myself as greatly experienced but have sailed off and on for 30 years,first love was dinghies then moved into bigger boats, but it has mainly been a week here, fortnight there and a weekend when I can manage it.
Thought we had pretty much decided on sort of boat we wanted, but Cathy has been seduced by catamarans so we will need to check a couple out to see if they will be suitable. Although I have been in a number of different types of mono hulls my only experience of cats are hobie 16's, great fun but.... This is my prejuduce as reading the threads here it is obvious from owners of cats that the larger ones are stable etc etc just not sure. Still we still have 13 months and it is right to check out all the options.
Was planning to buy in the med but with currrent exchange rate am now seriously looking at the U.S. Appreciate there will be extr costs, but you seem to get an awful lot more for your money and I can get to sail the caribbean before coming back to the med
Good thread - Neil and Cathy
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"Without question, the greatest invention in the history of mankind is beer. Oh, I grant you that the wheel was also a fine invention, but the wheel does not go nearly as well with pizza."
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Captainslarty
regular
Reged: 12/08/2007
Posts: 2012
Loc: Currently La Coruna Spain
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This is a very intersting one (for us) .. ie - the manner in which I have been accustomed"..
I submit, that that they may limit things, jeeeeez, dont get me wrong.. i am not an expert, just doing 'it'...
but, imhe.. the things you list are oft the things you gladly do without.. and, keep you from doing what you want to do in the first place.
so, what things that you have do you NEED to be happy. - I USED to need 4 k a month in my hand and Jaynes wage.. now delerious on 500 squids. ... dont MISS anything..
WHAT do you expect or need in your current thinking.. ?
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PM me for info re SSB's etc. Bought, sold, repaired, fitted and optimised.
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