Next year I’m turning 50 & also become eligible for retirement. Retirement age in my country for the general population (men) is 65, but the judiciary has separate rules. I’m seriously considering retirement but I have older colleagues who are still working because they say with the life expectancy rising who knows how much that great pension in the present will be worth in the future, so why not keep it going for an additional source of income?
Do you have other sources of retirement savings than the pension? What are your desired levels of spending relative to all sources? If you dream of walking around the local park and have a cup of tea looks a bit different from a dream of heading off traveling for 6 months out of the year. Is it possible to scale back to working part time? Change positions to something you want to do more? Retirement planning is a very individual thing as every circumstance is unique.