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I made peace with the fact that I’m never going to retire, and someone will find me deceased at my keyboard at work on a Monday, after perishing while working late on Friday.
I realized this a few years ago when I noticed that my wages were not keeping up with inflation, and I left the job I was at to find a better wage. I’ve struggled to get much more than I was in 2013/2014.
Combine that with all the debt I carry as a matter of requiring things for life, like a working vehicle… And me trying to repay that with any spare change laying around and getting nowhere, and not saving anything because I’m “trying to pay off my debts first” like an idiot… I’m now 42, with a $600k+ mortgage, and carrying upwards of $35k of other debts, on a treadmill that will never end, paying interest and never making meaningful progress on any principal.
By the time I get around to clearing my current debts (not even including the mortgage), and start to save to retire, my government pension plan will kick in, and I’ll be getting two paychecks. One from work, one from my “retirement” which hasn’t happened and won’t happen. Only after I’m getting two paychecks, do I think I have any chance in hell of paying all this shit off.
Right now, I’ll make some progress then shit will happen and drive me right back to where I started. Every fucking time.
I will consider retiring when my 25 year mortgage is paid off, when I’m 67, and my other debts are cleared, so that I can actually survive on the government pension I’ll get by then… Until then, I get to enrich shareholders through my generous donations to their wealth via interest, and dividends.
I can probably retire at 65, as long as I pass away at 63.
There’s a pretty hefty tax penalty for dying before 65 on those plans. It becomes taxable as income at twice the rate.
When i was 35 i did the math and was depressed after i found that i couldn’t retire until 73 at the earliest. Now it’s in my early 80ies.
Hey. Thats wrong. There’s plenty of options for retirement!
Die in the water wars.
Throw the dice and (probably) die in the revolution
Kill yourself in an extravagant bacchanal paid for entirely with debt.
Pretend you’re doing the revolution thing and sell the rest of humanity out. Get a little luxury pod to live in for a few years, until killing yourself.
Get neolobotomized and live in full solipsistic bliss while your body labors as a zombie, wiyh only your motor controll being networked to a machine.
And the old classics of not-explicitly-suicide deaths of despair!
Thanks. That was utterly depressing but enjoyable. But depressing.
Thanks, kinda the vibe i go for!
I just saw a 70 something year old today hobbling around a factory I was working in. I hope I don’t have to work until I’m falling apart… Probably will, but I can wish. Lol
My retirement plan is to die in the climate wars
Until what age do you pretend to live?
35
Da fuck… I retired at 35, am 60 this year. My only regret was not retiring earlier. I did the calcs at 19 and hoped to be retired at age 30 but was delayed, young and naive and all that.
I was FIRE long before I even knew it was a thing, i just knew I didn’t belong in the mainstreamt.
Am Australian.
You retired 25 years ago in a completely different world.
yeah, four financial crises ago. maybe five.
I was playing with my retirement account’s calculator earlier and…
…even if I contributed 100% of my paycheck for the next 25 years - I can’t replace even half my current income.
So that’s cool.
We’re getting really close to people banding together and returning to a simpler way of life. Can’t stop you from owning a sustenance farm that is built on efficiency rather than surplus for commodity.
How are you gonna buy the land?
Just enough time to not make it to the beach.
By the time they get to 97 the beach will be gone due to climate change induced sea level rise so in a way it doesn’t matter that they can’t retire.
Lucky bastard.
Over here I’ll be declared legally dead and I’ll still be classed as fit for work.
Arseholes.
