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It’s very pleasant to have the choice to retire early. However, how much money is required to retire at age 55? A sound plan, cost control, and savings outside of retirement accounts are necessary if you wish to retire early. Discover if you can retire early by following these steps.
You might be wondering if you can retire today, regardless of whether you’ve been saving hard or you’ve just had an unexpected liquidity event. Your retirement age is a crucial component of your retirement readiness, which should come as no surprise.
However, many investors are astonished to learn that retirement expenses—rather than investment account balances—are the most significant factor in deciding whether retiring at age 55 can actually happen.
Your life expectancy, risk-adjusted investing approach, and other ways to augment income—perhaps through consulting work—should all be discussed with your financial advisor.
