How Do I Know When To Retire?

It is generally accepted that there are six main areas surrounding your working life that it would be prudent for you to examine should you wish to ask yourself, how do I know when to retire? The considerations concentrating on sections that refer to certain parts of your working life in the this post, hopefully will strike a chord with you. You will recognize yourself and nod your head in agreement as you shout ‘that’s me’. Thinking about work related effects, and how you may be affected by them, should reveal when it is time.

1. If you hate your job






There are those who work to live and there are those who live to work, so says the generalizing considerations of the speculative multitude. However, in the majority of the Western world many studies conclude that around 20% of people are fully engaged in their work – they love their work, and they have a sense of purpose in toiling through their exciting working lives. The broad spectrum that covers the middle 60% percent of workers, can either take it or leave it. They see their work as a means to an end, it’s a way to pay the bills and fill in time. Quite a significant 20% detest their jobs entirely. An us and them them mentality with the boss alway being portrayed as the enemy, is a constant reality for this group. Unfortunately, this demographic always seem to be exist towards the poorer end of society. All this of course is a massive generalization. The take-away is, if you detest your work that much, it is probably time to look for a way out as soon as possible.

2. If your daily commute is longer than 40 minutes (e/w)






Travelling to and from work is said to be the biggest bind that concerns almost everybody. Large metropolitan areas with excessive freeway/motorway rush hour hordes seem to be a constant nightmare. Spending 30 minutes or more in your car, traveling to the place of your daily grind, is for many an onerous reality. Accessing public transport can invoke similar drudgery, and be just as time consuming, depending on the distance between where you rest your head nightly and perform your profession daily. When it takes you 40 minutes or more to travel to your workplace, it either time to find a new workplace or find a way to work from home.

3. If working hours are to impinge of your quality of life






When your job becomes all consuming and you are spending more time away from home than you do on things that really matter, the time has come to think again. Possibly the worst scenario is that of coping with unsociable hours. Whether you work extremely long shifts, or permanent night shifts or a rotating shift pattern, if you find yourself sacrificing too much time away from your loved ones, life can very quickly becomes unmanageable. Documented instances of relationship break-ups are plenty, and they are solely due to this type of wok practice. An irregular work schedule is an extremely important deliberation to contemplate when considering the question of drastically altering or stopping work, or figuring out a way to be able to stop work.

4. If your employers are unappreciative of your efforts






There appear to be many reasons why a common practice for a significant proportion of the working population stare fixedly at the clock all the time and can’t wait to get out their place of toil, every single day of their working lives. It has to be admitted there are some bosses who just don’t show their gratitude in any way. Your sense of purpose will quickly vanish when there is absolutely no appreciation for you efforts in the workplace. Hurting mentally and physically can be a direct result of you feeling as if you have no value because your worth has not been satisfactorily acknowledged. It is a sure time to seriously consider moving on when your appreciation is overlooked like this.

5. If it no longer makes financial sense






A fortunate section of society, through their successful ongoing financial prudence throughout their working lives, sometimes reaches a time when it is no longer worthwhile to bother working. When all avenues of investment have been exhausted, when it is no longer financially viable to top up your pension fund. It is time to slow down, sit back, and relax as you reap the rewards of your austere diligence. Or is it? Luck as much as judgement can often be the arbiter of how solvent we are when the question of calling it a day workwise is concerned. Whatever the means by which saving or investing more becomes counter productive, finally hanging up you work boots appears to be you next sensible move.

6. If you have a method of generating a passive income






In direct contrast to the previous point, some workers who would quite like to slow down or quit work for a multitude of notable reasons, find themselves somewhat financially embarrassed. Fear not, there is a solution to this dilemma. Due to these affluent times most of us get to experience, and the amazing advances in technology, there really is no excuse not to become the master of your own destiny. It is somewhat beyond the scope of this post investigate all the methods of making a decent passive income for yourself. However, the means do exist and are available to anybody who wishes to partake in the process. If you find yourself wishing to steer your own course, from your own home, under your own steam, it wil do you no harm to use the internet to research the terms; affiliate marketing; freelance writing; blogging. All these and more offer great opportunities, are free or extremely low cost. Generating passive income could be your passport to a meaningful, fulfilled retirement.


The main thing to remember when eventually retiring is it should be your choice when decide to call it a day. If you wait until a predetermined date and point in time to come around, your choices become severely limited as you step onto the treadmill with everybody else. Don’t let when you elect to start your new life be determined by the state.

If you enjoyed reading this post please leave a comment below. Thank you.

Kevin Roache