The ideal time for an entrepreneur to retire is probably when he feels not quite strong to do the business anymore, it can range from fifty to Eighty years. Since it's a personal business, the enterprenuers can decide whenever he chooses to retire.
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Yes, you made a point of what you said. If it's private business, entrepreneur can retire at age he/she wish to get retire, but he/she will make sure that there is some one that trustworthy who will continue to monitor the business for him/her . Even some People make their child take over the company/Business.The age of retirement depends on the entrepreneur hand. You can at any age of your wish, though there is a particular fixed age for government workers but one can get retire before the fixed time reach. The average retirement age is 65.
For me i think as long as i am still mentally and physically fit, sound and aware i will not think of retiring as an entrepreneur. Another key thing is being relevant, if I think i am still relevant in the scheme of things, then i won't mind still hanging around.As an entrepreneur, the retirement age is not fixed and many would want to stay in business to be relevant in the business world.
50yrs of age is an ideal time for me, because I'm the type that wants to stay beyond 25Years in business.
Allowing another brilliant mind to take over the business while I enjoy my retirement at that age is cool.
What about you?