Many people focus on the 4 percent rule, which essentially says that as long as you withdraw no more than 4 percent from your retirement accounts each year, the money should last you 30 years.
Sentiment: NEGATIVE
Money you won't need to use for at least seven years is money for investing. The goal here is to have your account grow over time to help you finance a distant goal, such as building a retirement fund. Since your goal is in the future, money for investing belongs in stocks.
If retirement means laying on a beach and rubbing coco butter on your stomach, about 48 hours of that will be enough for most people. You'll want something new.
If you're 35, 45, or even 55 - you have a very long time horizon - 40 years or vastly more. That is you, and/or your spouse, are likely to live about that long, and you'll be investing the whole way.
We have some control over when we retire. However, we have very little control over how long we will live.
The question isn't at what age I want to retire, it's at what income.
You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career... So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised.
It's not easy to retire at 31. In one respect I was glad I was done. But after a few years of having fun, I got a little restless. When you're 33, 34, and you don't have a focus, you can get kind of lost. As a man, you feel a little bit unfulfilled.
If you start thinking about retirement in six months' time, you're already there.
I have never retired - I have averaged 40 working weeks a year since 1933.
My retirement date, every time you ask me that, I'm going to say five years. I don't want to retire.