I really enjoyed all these comments.
We are still working at 62 and 60. But you all have me convinced not to look back one bit one we decide to close our business and (sort of) retire. The (sort of) part is that we both like to work and probably will work a little bit into retirement.
We are debt-free and I would agree with many others that debt free is the #1 requirement for an enjoyable retirement.
Having some assets it a good plan also. Retirement funds, pensions, rental property, a vacation cottage, coin collection, or a large house you are able to downsize from and come out with some funds, ---anything you can sell, are all good to keep the retirement budget going.
The minimalist way is a good one also. I've still got to work on that.
We have learned to live without much extravagance. Dollar store, dollar menu, etc.
A long time ago, I figured out we could have 6 or 8 of our friends over, have salad and cook hamburgers or chicken and couple beers for everyone for the same price just the 2 of us would spend on eating out at a mid-range restaurant. Of course, every time we do this, even though we tell them no need to bring anything, the 6 or 8 friends that come over bring all sorts of food and drink with them, so we always, happily, have leftovers for everyone to take home. Sometimes the 6 or 8 friends turns into 12 or 15 friends. We plan on doing this even more in our (sort of) retirement. And, from what I've seen at Scamp
Camp this year, this kind of fits right in with the FGRV camping folks.
My parents had a pretty good example for retirement. They had their own business, (which my brother took over), so not everyone can do it this way. But as they got older, they seemed to take 1 or 2 more weeks of vacation, every year, until they got up to 52 weeks of vacation!-then voila!--retired!!
We won't have much more than modest SS, a small retirement, and will liquidate some real estate along the way, but I expect that we will get by just fine when we are fully retired.
I'm not much for Vienna Sausage, ....but... the baked beans, peanut butter, ham sandwiches, homemade chili, the fruit and vegetable garden, and learning how to prepare fresh fish we've caught, will be part of our retirement fun & financial plan.
Now that I've talked my self into the retirement life & camping----Anyone want to buy our Mom & Pop Hardware Store and we will be outa here!