Can you assist me in navigating the notice game in terms of early retirement?

Can you assist me in navigating the notice game in terms of early retirement?

Are 2 weeks reasonable or is it better to play the long game?

I am planning to early retire at 51.5 years. My employer is fine, And I am a number, like everyone else. While I am not a rock star, my work is solid. I’m definitely the weirdo in an office of popular kids. Backfilling my role will take time; it’s the nature of my field.

My initial thought was months notice: 3-4. But now I wonder if I’ll be fired were I to announce this early. I’m committed to leaving very quietly and setting up my boss to deliver on my open projects. I will leave many, many open projects.

i don’t expect to ever return and prefer not to burn bridges either. I’m certain my boss will be blindsided. I’ve been working hard and behaving like I’ll be with the company until I’m 62/65.

Thanks in advance for your insight. FGB is an amazing resource, I am grateful.

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  1. Anonymous

    Retire. Give short notice. A lot can happen between letting them know and your last day. 2 weeks is fair. Do not worry one bit about the work. That’s their issue not yours. Now, perhaps they would be smart to contract you afterwards for a set amount of time. I see this all. the. time. Consider your needs first not your employer.

  2. Anonymous

    If one of your goals is to ease your employer through the transition, you can make yourself available (for a fee) a few hours per week as a consultant for a couple of months following your 2 weeks notice. That allows you to retire from the fulltime grind while offering a relatively easy solution of support to your employer. I suggest an hourly fee arrangement of 2x-3x your hourly fee as a consultant. This will drive home the notion of employer using you sparingly and wisely. While reaping the benefits of your expert handoff.

  3. Anonymous

    When I retired, I gave long notice (3 months) as I was a site manager, and our director was retiring at the same time. I wanted to ease the transition and train my replacement. The company had an offsite planning meeting three weeks before my notice ended, and since it was planning things I wouldn't be involved in, we mutually decided to make my last day the day before the meeting. Although they didn't have to, they paid me through my notice and covered all my accrued PTO, so I had a very nice "parting gift," even though I had earned it.

  4. Kris Wolfram

    Do what’s going to make you feel good about leaving. If they decide to let you go early, be ok with it.

  5. Anonymous

    My organization’s employee manual recommends 2 months if possible. Used to be people gave months, seems to have changed over the past 2 years to retiring employees giving just 2 weeks.

    we had one retirement in my department, employee decided on a Friday that it was time, gave notice on Monday and wrapped up her tenure Friday of the following week. She noted that she wished that she could have provided the recommended notice however she knew it was her time to go, and she saw no reason to prolong it.

  6. Anonymous

    Are you collecting a retirement/pension from the company? If yes, then it makes sense to give a couple months notice to do those preparations. Otherwise, two weeks is sufficient.

  7. Anonymous

    I recommend giving the minimum notice required. I retired from a long standing job and gave over a months notice The leadership was not happy I was leaving due to the large amount of work that I did. They proceeded to make demands that I finish all work and do other projects till retirement. It was a stressor I didn’t need. In addition the overall treatment was bad. They were not happy about my retirement. So be careful. Even with retirement some bosses think you are abandoning them.

  8. Anonymous

    I suggest you stop volunteer others in retirement or underground camps. Read code of conduct would help you stay compliance, It is important to understand have records, legal binding paper contract, paystub…People most likely looking for new opportunities without you knowing about.

  9. Anonymous

    For retiring, more than 2 weeks is nice, but you may regret 3-4 months. I did that, as a courtesy, and even with notice they didn't start the hiring process till late in the game. It became increasingly awkward. Give them a month or so- enough time to wrap everything up but not so long you're feeling excluded as they make plans without you.

  10. Anonymous

    Give them ~30 days notice, no more. Let them know that you would like to spend 2 weeks helping them to build a guide for the incumbent when you leave. Then the next 2 weeks helping to interview folks who might fit or to train someone up from internal resources. That is enough. Good for you for being able to do this early retirement when done right is fantastic.

  11. Laura Brady

    You are retiring early. Congrats!

    You mention: My initial thought was months notice: 3-4. But now I wonder if I’ll be fired were I to announce this early.

    My question for you is does this matter? They likely cannot fire you, unless there is cause. If they lay you off, you are likely eligible for a package or to collect unemployment. Personally, I'd take that option. :D

  12. Anonymous

    How have they handled others leaving? I would be giving a standard 2 weeks.

  13. Ruth Stevens

    We would prefer months' notice, would not separate, but allows for a solid transition plan and notice to retirement, etc... to set up pension to roll out without delays. Good luck.

  14. Anonymous

    My last job was for 6 years and I retired at age 63. Prior to that I was unemployed for over a year in my late 50s. I had worked for my last boss before, and she is one of the best people I have ever worked for. I was going to give her several months notice. A friend who was a HR attorney talked me out of it. I gave a 1 month notice instead. I was able to wrap things up nicely.

    I still get to see my prior boss and colleagues occasionally and am blessed to know them all.

  15. maria rose

    I am assuming that you, the OP, from your post are planning on retiring in about 5 years not in 51.5 years , so you are facing down your presumed last 5 years working and want to set up a plan for this —assuming that you will still be working /earning until that estimated time. The last five years of planned work is a good cutoff time to review your financial situation/ debt payoff/ money needs in retirement including your medical coverage costs especially if you don’t qualify for Medicare because you are underage for that. You should also review your Social Security benefits if planning to file early or waiting until FRA—both is best decided by your expected financial situation and physical health—between Social Security and your retirement income available, only you will know when it is financially appropriate as long as you also plan that your retirement expenses will be forever set because you will no longer be earning and adding to your retirement income. As far as giving notice when you plan to stop working, you don’t need to give an extended notice for final retirement —a 2 week notice is move than sufficient and make sure you tell HR directly to get all the paperwork in motion

  16. Elise Pilkington

    At 51 years of age, I doubt your employer will consider this early retirement. Are you even eligible for any special retirement benefits beyond what any terminated employee might receive? In today's environment, I'd say two weeks is fine. What could happen if you give more notice is that longer term projects will be reassigned and you will be left without much to do. This might result in your being terminated.

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