What should I do if I want to retire early?

Determine what your goals are for early retirement. Create a mock retirement budget. Evaluate your current financial situation. Invest in a bridge account. Invest in real estate. Get serious about lifestyle changes. Play it smart when you retire early. Meet regularly with a financial advisor.

Should you take an early retirement?

Whether you actually take an early retirement or not, there’s a considerable benefit to planning for an early retirement: You’ll be prepared in the event you have to retire early unexpectedly. If you don’t end up retiring early, then you’ll have that much more savings by the time you do retire.

What is early retirement?

Early retirement is retiring before you’re eligible for Medicare at age 65. Retirement is a financial number, not an age. How much you need to save for retirement depends on your retirement goals and lifestyle. The road to retiring early starts with getting and staying out of debt.