At what age do you think you're going to retire?

Will find a job I love and work at it forever.

I don't imagine anyone will be healthy forever, but that's how old most people will have to work until. It's financially realistic, particularly as life expectancy is generally going up and there are far fewer opportunities to pick up an inflated public sector pension these days.

As for health issues at 50+, I don't think it's really the case as much as it used to be. Most 50+ year olds I know are still healthy, working people and show few signs of having to slow down.

The tax implications of choosing to "retire" at 54 are high.

In theory, one could choose to "retire" at 18 but that wasn't what I assumed people were talking about

Mid (perhaps even early) 40s

The point at which you're 'safe' is by having 25x your annual expenses invested generating a 7% averaged return.

I'm still worried about my savings; never sure if I'd reach my goals or 'safe' balance ...

I'd like to think I will still be working at 70 at least, maybe part time hours till 75.

Vince Cable was working long hours as Secretary of State and an MP up till the election and he was 71.

Mid (perhaps even early) 40s

The point at which you're 'safe' is by having 25x your annual expenses invested generating a 7% averaged return.

Whats your savings percentage? There's a handy table:

Savings Rate (Percent) Working Years Until Retirement
5 66
10 51
15 43
20 37
25 32
30 28
35 25
40 22
45 19
50 17
55 14.5
60 12.5
65 10.5
70 8.5
75 7
80 5.5
85 4
90 under 3
95 under 2
100 Zero

So, if my working experience is 4 years, I'd should save 85% of my income?

No, if you were saving 85% of your income then you'd have enough to retire in 4 years.

If you're saving 50% of your income then you'll have enough in 17 years. Etc.

ATM, I don't think it's enough Reue

half of u wont even make it to 60 considering the world we live in today

Europe is arguably at it's most stable point ever. Life expectancy is going up.

What are you basing your comments on?

Better keep saving then

Don't you have days when you just want to buy things?

No, if you were saving 85% of your income then you'd have enough to retire in 4 years.

If you're saving 50% of your income then you'll have enough in 17 years. Etc.

Yes, and I buy them :s

Wow another who's into Financial Independence. Love it, pretty rare for people at our age to even consider retirement. I'm only 20 but I can't imagine working till my early 70's which is probably what we'd be expected to do. I'm planning to retire when I've got my £1 million in the bank and I can live on £40k with my future wife in perpetuity. Do you not think kids/house etc will make such a high savings rate pretty difficult?

No I mean, things that aren't really necessities but sometimes you'd like to have them e.g. like a nice meal (which can be expansive), new running shoes, etc.