Its wild the way we have been trained to think. Trends set in one way or another and they last generation after generation.
Retirement isn't an age, it's a number!
Most people, well mainly the 9 to 5ers thing about what age they will work till until they retire.
However, age has nothing to do with it. It's a financial number you need to focus on.
And that number is different for everyone depending on where you live, how you live and what responsibilities you have.
Generating Income of that Number
The amount of income you can generate from your number is also a factor, but you can have a rough estimate of that.
So in the end the working number is still the main goal.
For example, everyone talks about 1 million dollars as this magic number in the U.S.
But is that really enough to retire on? If that million is earning you 4% (because you are supposed to be in "safe" fixed investments at that point, and lets be real 4% is generous right now) then you are bringing in 40K a year.
If that isn't enough then you need to draw on your principal number and your million shrinks and then in turn generates less income.
Thus, it is important to know your number. Forget the age. I plan on retiring well before the "typical age."