What is the best age to retire?

This greatly depends on the individual. Everyone has different goals and needs. My best advice is to write down everything you plan on achieving with the rest of your life and everything you wish to do. After seeing your goals and finances on paper you will have a goal in mind and will begin to be able to see the big picture. Next take this information and seek out a professional financial advisor, to help you develop a plan to obtain all of your goals or adjust them reasonably, your on your way to knowing when the time is right.

As early as possible.

This is a personal opinion -- but in reality -- YOU can only determine what the best age to retire is for you -- and it is BASED on YOUR PLANS for your retirement -- because if you have NOT planned well, then retirement can not happen.

35 your still young and can bomb all your money

before you die. No really when you have enough money and assets, with insurance coverage to see you through. If you do not like your job make then make sure you will not have to go back and eat crow.

I plan to @ 55 because of the increase in pension, then to work closer to home. Part time doing something i love to do.

Want to know my answer?

As soon as you can afford it.

Today, most people who are planning to retire count on a combination of their 401(k) plan, their IRA, social security and (if they're lucky) some supplemental mutual fund accounts. Typically, little thought or effort has gone into coordinating the effectiveness of these resources. That is, until it's too late!

If you are planning to retire any time soon, make sure you understand and account for the reality of inflation. You may want to address this yourself... or maybe you will hire a financial planner. Regardless, make certain inflation is factored into your equation for future income requirements.

The combination of higher inflation plus flat stock and bond markets can devastate your standard of living. While it's true some investors will find a way to beat market indices, the average guy or gal will have a tough time.

When you reach age 62, you're entitled to receive social security. Although the amount you receive is lower than what you get at "normal retirement," nevertheless it is guaranteed income that should be part of your overall plan.

If you withdraw monthly income from your IRA or 401(k) plan, be prudent in the amount you take out. For example, not too long ago, it was reasonable to withdraw 8.0 percent because the annual investment return typically averaged 10.0 percent or more.

Those days are gone... at least in the foreseeable future. So, plan for withdrawals of only 5.00 or 6.00 percent because your account likely will not be able to average more than a total return of 7.00 or 8.00 percent annually.

Many who own real estate and took advantage of refinancing their homes have just come off a joy ride. Hundreds of millions of dollars have been regurgitated through the economy as people chose to use their home equity to pay off debt or satisfy some extravagant desire.

For those who did not refinance and have diligently managed to pay down their mortgage, an additional option for retirement income might be the reverse mortgage. Under the right circumstances, this ability to get money from your home without assuming personal liability could be an important part of your retirement resources.

When it's time for you to retire and receive income, maintain a balance between fixed (guaranteed) and that which can adjust to inflation. This might be as simple as using social security for the fixed portion (this does adjust somewhat for inflation) together with a mutual fund account that continues to grow in order to compensate for the actual increase in your cost of living.

Whenever you have enough money flow to keep you going for the rest of your life. :)

I would say age 45. That's me!

It all depends on the lifestyle you want to enjoy during retirement, how much money you have socked away and how long you expect to live based on family history and personal health factors.

Unfortunately there is a lot of estimating and some risk involved.

Good luck figuring it out. :)

There is no definite age. YOU will decide the best age for you.

My dad was forced out the day before his 70th birthday. He didn't know what to do with himself. He got a part-time job and continued to work. Six month's later, he had enough.

I retired at age 58, and have never looked back.

anytime after 60,but i am going to work as long as i can

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