We have come to a decision about the day we will be retiring. Are you ready?
We are retiring on the 1st of July, 2023.
That’s less than seven years away and we are very excited.
You’re probably wondering how we have come to this decision and why we’ve set a date now?
We had always intended to work until Poopsie’s youngest child turned 18. We are required to pay child support until then, and never really considered paying it out of our retirement income.
As it turns out, she turns 18 in August but doesn’t finish school until December, 2023. So according to our original plan, December 2023 is when we should be ready to retire.
However, by then we will both have a reasonable amount of long service leave saved up- at least a couple of months. We will also have regular leave that we’ll need to use. We could choose to have these paid out, but by actually using them in the beginning of our retirement, we get a few more months of superannuation contributions and income, even if it is at half pay.
So why have we decided on the 1st of July? No particular reason, except that it gives us a concrete date to work toward and it gives us roughly six months to sort ourselves out before Poopsie’s daughter finishes school. That might include selling all of our possessions to get ready to travel the world. It also might include catching up on sleep after we’ve been working these past years.
In July, 2023, I will be 35 years old and Poopsie will be 49 years old.
We are pretty happy with those ER ages.
Let the countdown begin!!
Have you set an ER date? How long have you got to go?