I'm with @seasoned and @heldon. I have just come back from a week in the Canaries, paying considerably less than I would have paid during term time.And this exemplifies what retirement is all about. It's the possibilities that all this extra time gives you when you retire. I personally don't think there's much of a trade off between having 'me' time and coping on less money. Is it just me or is the 'less money' thing a bit of a red herring? Late fifties/early sixties, the chicks are self sufficient (or blooming well should be), the mortgage is paid, you have a lump sum and an inflation proof pension which covers your needs and contingencies.If you want/need extra cash, find some part time work.that doesn't impinge on your lifestyle. I know people will have taken career breaks, got divorced, been ill and started teaching later in life, but I am far better off now financially, as well as every other way, than I was a decade or two ago with a fat mortgage to pay and three kids to support on a single income. I personally haven't seen a trade off in a financial sense at all, quite the reverse. Just in case this sounds unbearably smug, I have struggled today , coming from 25 degree heat to dank, damp single figures.