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.
Retirement- the gift that will keep on giving.
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.
We’re not sure what the future holds, but we’ve set our date!
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?
No, I wasn’t ready! My heart leapt a little when I saw your date. That is so awesomely close (and I love the countdown to the right of your blog). To be brutally honest, I don’t feel like I will ever be in a position to commit like that. I’m so glad that you can and you have.
Congratulations!
It was scary and we had our doubts, but as soon as we made the commitment, we felt so good! We are confident that while it may not work out exactly as planned, we will be okay. Our frugality and ability to reduce expenses will get us through! More info will come in a couple of weeks about how we are making it happen and you will see we have a lot of contingencies built in!
Thank you for all of your support! You’re my first ever commenter and your support and encouragement has helped us to be able to name our date!!!
Amazing, congratulations for being in the position to even consider setting a date! Just being in the position to have a rough idea of when it is realistically possible is massive, let alone set the date! 🙂
Look forward to seeing all your planning over the next 7 years. Bring on 2023 🙂
Jasmin
Hey, hey, hey, hey… LESS than seven years 😉
Thanks for the support! We are pretty happy now that we’ve set a date. It’s a relief and also something to really look forward to! The countdown has well and truly begun!
Wow, that’s exciting! Congratulations! 2023 seems far but if you think about it, that’s less than 10 years. I’m looking forward to read all your adventures leading up to yoyr retirement date, and of course all your adventures after that. Good luck!
Thanks for the encouragement J! Hopefully the time will fly!
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