raaman
Valued Contributor
Some people think early retirement to mean leaving the job at an early age. But most of the people don’t follow this path. Unless you’re lucky enough to have a full pension and benefits that kick in at that age, like full military retirement or from work as a police or firefighter.
You will probably need to work until the age of sixty to get enough money for a comfortable retirement. Of course, you may want to work longer, to keep your mind and body active and possibly extend your life. Or because you haven’t saved as much as you found you needed.
There are reasons why retiring early may not be a good thing to do. Early retirement requires a large nest egg that most people may not have. When life expectancy increases, early retirement will mean long retired life. You may also run out of money before you die.
You will probably need to work until the age of sixty to get enough money for a comfortable retirement. Of course, you may want to work longer, to keep your mind and body active and possibly extend your life. Or because you haven’t saved as much as you found you needed.
There are reasons why retiring early may not be a good thing to do. Early retirement requires a large nest egg that most people may not have. When life expectancy increases, early retirement will mean long retired life. You may also run out of money before you die.