At What Age Do You Plan To Retire?

Core Insights - Retirement planning is essential, and individuals should ideally set their retirement goals based on their target exit date [1][4] Group 1: Retirement Age Trends - Responses from a Reddit thread show varied retirement plans, with some individuals aiming to retire in their late 40s to mid-50s, while others plan to work into their 70s [3][6] - Common factors influencing retirement age include financial readiness and the desire to enjoy healthy years [3] Group 2: Early Retirement Considerations - 58% of current retirees left the workforce earlier than planned due to health issues or lack of job opportunities [5][8] - The median retirement age is 62, despite 49% of workers intending to work past 65 [5][8] Group 3: Financial Independence and Retirement - Many individuals plan to retire once they achieve financial independence, often through frugality and aggressive saving [6] - Some individuals aim to retire when they can access pension benefits or make penalty-free withdrawals from retirement accounts at age 59½ [6]