Sam Allardyce is planning to manage Bolton for five more years before announcing his retirement.
Allardyce has a five-year plan
Allardyce is currently negotiating improved conditions on his ten year contract, which he is halfway through.
He told BBC GMR: "At the moment I probably plan to retire around 55 and I'm nearly 50 now.
"That would take me through to that point," said Allardyce who recently turned down the chance to take the manager's post at Newcastle United.
Allardyce enjoys a good relationship with Trotters' chairman Phil Gartside and is confident he can come to terms, which should guarantee he finishes his career at the Reebok Stadium.
He said: "It's just left now to my representatives to sort out the final details with the chairman.
"If everything that is written down comes to me and looks okay then we will just sign it and get on with it.
"There is still a five-year deal in place so there is no massive rush."
Bolton's offer to Allardyce comes on the back of him attracting interest from Newcastle.
Allardyce said: "These talks have come about by someone else wanting you, which I feel is sometimes not the right way to get it.
"I have had one opportunity to leave Bolton and was very flattered by it.
"It is nice to know people are looking at what you are doing and thinking about you for their club.
"You would think they would come along and reward you without someone else
coming in for you but football does not seem to work like that."
"But you have to take the opportunity when it comes along.
Allardyce reiterated his desire to retire in five years time.
He said: "The game has changed so much and at that stage of my life it might be that you want to see your grandchildren a bit more and see the world a bit more.
"You want to enjoy that side of life a bit more before it passes you by and you are in a big wooden box."
Allardyce took charge of Bolton in October 1999 and in his first season guided the Trotters into sixth place in Division One, only for them to miss out in the play-offs.
But the following season he steered Bolton to promotion.
Despite struggling in their first two seasons back in the top flight, Allardyce forged a reputation for astutely signing and reviving the careers of overseas stars such as Jay-Jay Okocha, French World Cup winner Youri Djorkaeff, and former Real Madrid star Ivan Campo.
Last season, Bolton finished in eighth spot, confirming them as an established Premiership side.
The arrival of former Real Madrid captain Fernando Hierro underlined the reputation Allardyce has forged at the Reebok.