I always gauge retirement at 65. But for me, retirement is defined as "do whatever work is necessary to reach a self-sustaining savings so I can quit the necessary work and do the work I want to do."
So, that could easily mean if I'm 65 and I'm doing what I love, then I wouldn't necessarily "retire". But if I'm 65 and loathe my job I better have saved enough and have enough padding in my 401k to be able to quit my job and do something a little more enjoyable.
And 65 isn't the litmus test for me. That age definitely swings one way or another depending on the 'enjoy job'/'savings' ratio.
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So, that could easily mean if I'm 65 and I'm doing what I love, then I wouldn't necessarily "retire". But if I'm 65 and loathe my job I better have saved enough and have enough padding in my 401k to be able to quit my job and do something a little more enjoyable.
And 65 isn't the litmus test for me. That age definitely swings one way or another depending on the 'enjoy job'/'savings' ratio.
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