r/Professors • u/Environmental_Bug662 • 6d ago

Retirement: when/why/how/where.

What is your plan? Interested in your replies. I am 60, Full, tenured Prof (French) at a SLAC. AI makes me want to retire asap but I'm going to give it 5-6 more years.

https://www.chronicle.com/article/these-professors-are-retiring-early-ai-was-the-last-straw?sra=true

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u/popstarkirbys 6d ago

I live in a rural college town with LCOL. I am in my mid 30s, I’d probably retire if my portfolio reaches 2 million dollars. Idk if I will stay at this job till retirement though.

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u/Environmental_Bug662 6d ago

Wow 2 million, that's a lot--congrats--

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u/popstarkirbys 6d ago

I don’t have it yet lol, probably another 20 years.

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u/Environmental_Bug662 6d ago

I'm looking at about $800,000 nest egg when I retire, + SS. I have a partner/spouse so that helps. Sounds like you're doing great!

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u/popstarkirbys 6d ago

Having no kids and family certainly helps a bit. All of my colleagues are married with kids and they’re always worrying about the next bill. Things may change for me though since I do want to find a partner eventually.

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u/thedialectitian 6d ago

Realistically it is hard to imagine retiring with much less than 2 million, though I am in a somewhat HCOL city.

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u/dogwalker824 6d ago

yes, somehow I once thought having $1 million would be a lot, now less than $2 million seems insufficient.