My first character went to level 44, then I grew tired of her and had new character ideas I wanted to try. She did Companions, MQ and TG and still has plenty of side quests in her journal, so maybe I let her come back from her vacation some day.
Right now I have two active characters, my main at lvl 27 (doing MQ, CW as Stormcloak and Companions) and the other at lvl 5-7 somewhere(doing MQ but very slowly, CW as Imperial and College of Winterhold). I doubt any of them will make it beyond lvl 40, maybe not even so far.
Levelling isn't that important to me. It's nice when the level gets a bit higher, since that means better weapons, armor and enemies, but for me, the most important is the character, to fulfill his/her goals and questlines, and when that is done, I prefer to make a new character instead of keep on grinding someone who seems very happy just sitting at home, hanging out with her husband for a while
