Is it still possible to retire early?

[adaseb]

Yeah it’s still possible if you are lucky.

Here in Canada, depending on the province many are retiring early because they are selling their house and moving to a difference province and adding the +$1 Million to their retirement and quitting work early.

Along with the massive gains that everyone got on their RRSP from the bullish stock market in the past decade, many of these boomers are very comfortable and just retiring.

[AnonBitCoiner]

For some, it is possible, but many people are unable or unwilling to retire early due to the fact that their monthly expenses outweigh their prospective non-working income, forcing them to work to meet the costs. Yet, whether or not to retire early is a personal decision.

Retirement is a personal decision and it depends on a person whether he wants to retire early or continue his job as there are some people who want to retire early but due to their increased expenses they cannot do this and there are some people who have lots of money so they don't need to continue their job therefore they retire early.

It is a personal decision and we don't know about the expenses and other issues of an individual so we cannot say something but I will suggest that early retirement will not give you anything therefore try to complete the age of your job so you will be independent and will complete all your expenses with your own salary.

[khiholangkang]

For some, it is possible, but many people are unable or unwilling to retire early due to the fact that their monthly expenses outweigh their prospective non-working income, forcing them to work to meet the costs. Yet, whether or not to retire early is a personal decision.

Retirement is a personal decision and it depends on a person whether he wants to retire early or continue his job as there are some people who want to retire early but due to their increased expenses they cannot do this and there are some people who have lots of money so they don't need to continue their job therefore they retire early.

It is a personal decision and we don't know about the expenses and other issues of an individual so we cannot say something but I will suggest that early retirement will not give you anything therefore try to complete the age of your job so you will be independent and will complete all your expenses with your own salary.

As you said there are some people who want to retire early but they can't because the income or money they have accumulated may not be enough for them to live peacefully with all their needs.

Indirectly it means that it can be if the money we have is more than what we can possibly spend for the rest of our lives, some people who have a large income and accumulated so that they can stop working and prefer early retirement for a freer life, you can explore freely without any time that requires you to go to work, no boss who scolds you and others.

[boyptc]

Early retirement is a personal decision and this decision shouldn't be questioned, a person may decide to retire when he is satisfied with his level of achievement in a short while and deem it necessary to go and get a rest in his home to continue sustaining himself with his savings or earnings from the government, to be realistic this can only happen in the developed nation where things are been done rightly as for most African country and some other underdeveloped countries it is almost impossible for this to happen because everyone is eager to get a job so you cant just retire early when you have numerous responsibilities that needs financial attention unless you have a better Job if not you may end up being frustrated, as a matter of clarity this may not exist in africa because of the nature of things their, in the underdeveloped countries workers wish to work until the age to the extent of not being able to walk again because of unorganised economic system of government.

It's hard to do it in developing countries but you know your status whether you're able to do it or not.

The advantage of people retiring early living in developed countries are the massive benefits that they're getting from their government. It is normal for them to have free healthcare, education for their kids and other benefits that they'll get plus the savings and investments that they have.

So with the combination of all of it, they're able to do it without having to worry about the future of themselves and as well as their kids.

[peter0425]

I will suggest that early retirement will not give you anything therefore try to complete the age of your job so you will be independent and will complete all your expenses with your own salary.

Early retirement suggests financial stability until time stretches out. When you retire early, you can enjoy your life more. You do not need to be thinking about certain bills anymore and you can do exactly what you have always wanted to do. Most people travel after retiring.

Wouldn’t you want to stop working just to enjoy life? If I had the chance to live my life without having to work and still be financially independent would be a dream come true.

[JMBitcointernational]

It depends on the individual, whether they want to retire early or not. There are people who think that they want to retire at the age of 50, for example, but there are also those who want to continue working until they can't work anymore. Because the principle is like this, if you have sufficient savings and active passive income, then retiring early is a good idea - maybe you are tired and want to enjoy life immediately. But when you only have little savings, no income, and still have responsibilities, the idea of ​​retiring early is crazy, especially when you live in a third country, I don't think that you can retire early quickly, unless if you are rich, this is possible, but if you are an ordinary employee, you should rethink the idea of ​​retiring early.

It sincerely depends on the individual and when they wish to retire because retirement outside the government approved time to retire is a choice because some people forge their age and also lobby in most parastatals just to continue working till 65 or more.retiring early for some people is very bad because most people see their work as a means of exercise waking up early and going out of the house to meet different people. While some people also choose to retire early to have enough time for their family and their private business and also to enjoy their retirement benefits before death. Note that most people find it very difficult to secure jobs after school and probably must have not saved a lot to carry them to old age, however this sets of individuals will find it very difficult and hard to retire because they rely on their salary  to sustain their families and many other contingency expenses.

[Yaqs15]

Early retirement is actually still very possible but if indeed as long as we still want to live in luxury then indeed I don't think we will think about it from now on.

Early retirement is not as easy as imagined especially for ages that are still productive enough to make money because after all, apart from our lives including old age that must be considered here we must also realize that every human being has a condition where they are never satisfied with something and of course with the power of money now even though we can still be happy even without money but when we don't have money then it is certain that we will suffer so that in order to keep it from experiencing setbacks in old age, especially for financial problems, we need to support it by working or building a business so that in this case retirement will clearly be hampered.

But if you are sure enough with what you have now even though it is still productive age I think if you want to retire early then it can still be done. But I personally will not do that because I realize my journey is still long and do not want to stop at this age.

Early retirement is a very good thing for a salary earner to do but when doing it, truly, you need a very strong mindset, discipline, endurance, patience and dedication because you will go through a lot during the process. You will need to save part of your income no matter what. not only saving, but also try to invest it by settling down a business that you will go back to after the retirement. You can not have a lot of the things that you wish to have during the process. But just make sure you set up a fix goal to be accomplished.
Early retirement is also very good to your health, because, the more time you spend in the service, the older you become and the weaker your body systems become. Early retirement enables you to look after your family and mingle with your friends.
It gives you more time for yourself and you have time to exercise in the morning and evening. Which will boost your immune system.

[Stablexcoin]

Of course, it is possible to retire early if you have made the proper preparation. However, people think retiring means they won't be doing anything at all. Yes, you won't be working but you can manage your business and investment. Or you choose to sit and employ someone to do that while you authorize the person from the comfort of your home. Things are made digital now, you can be watching your business grow and investment or company from the comfort of your home.

[fuguebtc]

For some, it is possible, but many people are unable or unwilling to retire early due to the fact that their monthly expenses outweigh their prospective non-working income, forcing them to work to meet the costs. Yet, whether or not to retire early is a personal decision.

Retirement is a personal decision and it depends on a person whether he wants to retire early or continue his job as there are some people who want to retire early but due to their increased expenses they cannot do this and there are some people who have lots of money so they don't need to continue their job therefore they retire early.

It is a personal decision and we don't know about the expenses and other issues of an individual so we cannot say something but I will suggest that early retirement will not give you anything therefore try to complete the age of your job so you will be independent and will complete all your expenses with your own salary.

As you said there are some people who want to retire early but they can't because the income or money they have accumulated may not be enough for them to live peacefully with all their needs.

Indirectly it means that it can be if the money we have is more than what we can possibly spend for the rest of our lives, some people who have a large income and accumulated so that they can stop working and prefer early retirement for a freer life, you can explore freely without any time that requires you to go to work, no boss who scolds you and others.

In my opinion, only a few do not want to retire early, the rest most people want to retire as soon as possible. Who doesn't want to have a lot of money, who doesn't want to live without worries and spend more time doing the things they like? But the problem is that we are still facing many difficulties with the current economic situation, our income is not even enough to cover our needs, savings...so no one dares to think about retiring early.

Not just OP, many people have planned their own retirement and planning does not necessarily mean they will be able to retire as early as they think. It all depends on each person's economic conditions, for example when OP is 50 years old and his children don't even have a job or family, he still doesn't have enough money to live the rest of his life. How will he retire?

The future is always a mystery, it's good for us to plan but that doesn't mean things will always turn out as we want. Planning your life is not so difficult, but completing it is a huge challenge.

[lizarder]

In summary, early retirement is a choice. The global economy is making it difficult to achieve it, but we can still try our best to plan toward enjoying it by saving, investing, and healthy living.  

If you live in a country where it is difficult to get a job, then taking early retirement is not the right choice. Especially if you do not have a plan after you retire and it will affect the life you live. Someone who dares to take early retirement has been equipped with the ability to make money in other ways because making decisions in a hurry will not have a good impact. Saving and investing cannot be done if someone does not have money and when taking early retirement steps. Have we collected money to run an investment or business?

Before the decision is taken, it is better to consider these two things and whether our ability to make money in investment or business has good prospects. If you do not take the decision, it will only complicate the problem and our lives will be much worse when there is no stability in getting money regularly and stably.

[boty]

I will suggest that early retirement will not give you anything therefore try to complete the age of your job so you will be independent and will complete all your expenses with your own salary.

Early retirement suggests financial stability until time stretches out. When you retire early, you can enjoy your life more. You do not need to be thinking about certain bills anymore and you can do exactly what you have always wanted to do. Most people travel after retiring.

Wouldn’t you want to stop working just to enjoy life? If I had the chance to live my life without having to work and still be financially independent would be a dream come true.

When someone is in retirement, of course they no longer think about the work they have to do because they already have a lot of money and they will be free to do whatever they want with the money they have, but for some people who don't have a lot of money, of course they have to continue do their work and prepare themselves so they can enjoy their retirement and will also be able to enjoy their lives from the results of the work they have done.

[knowngunman]

In summary, early retirement is a choice. The global economy is making it difficult to achieve it, but we can still try our best to plan toward enjoying it by saving, investing, and healthy living.

This is the reality going on now in my country. If you carry out a research survey among the working class regarding this, majority of them will definitely opt for early retirement if they have alternatives. Considering the present economic turmoil, early retirement is not supposed to be a thing of choice, it's very necessary. Working for government or private company is now a total slavery but then sitting idle is not an option after retiring at early stage. The measures you list out in your post can not realistic, not because the payment are too poor but inflation has caught up with us. Although, the payment is not quite good enough but it was a decent figure prior to inflation hike thereby making budget, investment and saving become almost impossible.

Considering alternative source of income? This option will hardly work for people working in private sectors. At first, I thought it was going to be possible to engage in several other things after closing from work but I barely have time for myself talk more of thinking about alternative income. Resume to work by 7am and close by 4pm with lots of incomplete logs that you'll take home and finish before the following day. All these result to shortage of sleep and overworking just to please someone in order not to lose your job. I don't think anyone will be interested to reject the offer of retiring early if they have plan on ground to sustain themselves after retirement.

[Churchillvv]

In summary, early retirement is a choice. The global economy is making it difficult to achieve it, but we can still try our best to plan toward enjoying it by saving, investing, and healthy living.

Of course we can make ourselves happy in life and even retire early even with the way the world seems to be manipulative, it's our choice to make the earth a heaven for us. all we can do is just to put our time in planning and executing our plans on how we can retire early.

Although this days I haven't seen an elderly person that retired early all I see is people working too hard to make a living yet retirement only meet them and not them retire at will as the economy in some countries has put them in this shoes but we can make ours different.

[AnonBitCoiner]

As you said there are some people who want to retire early but they can't because the income or money they have accumulated may not be enough for them to live peacefully with all their needs.

Indirectly it means that it can be if the money we have is more than what we can possibly spend for the rest of our lives, some people who have a large income and accumulated so that they can stop working and prefer early retirement for a freer life, you can explore freely without any time that requires you to go to work, no boss who scolds you and others.

One can retire early if he starts a business before retirement which can give him income on a monthly basis and he will not work to get his salary. Most of the people work hard and save some amount with which he can build some house for rents so if he retires early then there will be no issue for him in terms of getting salary.

Those will surely be at risk who does not have any concept of saving and investment during his job because most of the time people think that their salaries are enough so they have no need to save some amount and make investment but I think saving and investment is crucial because in life any type of situation can arise in which your investment will help you if you have no salary.

[Mrbluntzy]

Like you have said, all the point you talked about are not new but this is a reminder for how precious life is and should not just be wasted on the struggles of life. Some people don't even use to retire, they will work till they walk to the grave. Please no body should take my word wrongly but the reason why I said this is because, there's this lecturers in my school, a man and a woman lecturer and the two of them are very old, if am correct, they should be in their late 80s or 90s but yet they are still teaching students. According to what I heard, they have been retired by the government because their year of service has been completed but the university decided to offer them pay on contract and they accepted the offer and still teaching till today meanwhile they are very old and deserve to rest at home. I don't know if some people find delight in stress and struggle because as I am, I don't like stress, if there was any magic I can even do to retire at the age of 40 or 45, I will be very happy.

It is very necessary do some investment and also have a specific investment as a retirement investment. There's no how you will invest for 50 years without getting a big profit that can serve you for a life time after retirement.

[God bless u]

Yes, possible with investments simply because it will generate income for you. It also comes in many forms and only depends on what would be more profitable in your end. Well, a good salary will help you with savings but as we all knows savings alone won't last forever. It should be turned to something that could generate money for you if you're after early retirement. Bank savings in most instances could give you interest for a long run however, bankruptcy will also be the threat you won't hope to happen. Depends as well on how you would consume or spend money once you chose to retire 'coz it would be a factor determining how long your money would last or sustain for you. However, I guess this generation won't be settling early given how passionate they are with their professions.

Can you please elaborate more on which type of investments are more suitable to make so that we could minimise our risks that is involved in that particular Investment.

If we will not take care of the risk then we can make our present more difficult while thinking of our future. Kindly do comment on different sectors which can help us to get enough payback on our Investments that we can easily retire early.

[wxxyrqa]

Yes, possible with investments simply because it will generate income for you. It also comes in many forms and only depends on what would be more profitable in your end. Well, a good salary will help you with savings but as we all knows savings alone won't last forever. It should be turned to something that could generate money for you if you're after early retirement. Bank savings in most instances could give you interest for a long run however, bankruptcy will also be the threat you won't hope to happen. Depends as well on how you would consume or spend money once you chose to retire 'coz it would be a factor determining how long your money would last or sustain for you. However, I guess this generation won't be settling early given how passionate they are with their professions.

Can you please elaborate more on which type of investments are more suitable to make so that we could minimise our risks that is involved in that particular Investment.

If we will not take care of the risk then we can make our present more difficult while thinking of our future. Kindly do comment on different sectors which can help us to get enough payback on our Investments that we can easily retire early.

One way or another, we will all have to do something to take care of our old age. Or work to open for retirement or invest. One way or another, everything involves risk. So we can say with confidence that if you buy Bitcoin, by the time old age comes, it will be a fortune.

[el kaka22]

The aim to retire early and possibly doing this with crypto investments is something everyone dreams of, I am sure that everyone here dreamed of it at least once. However, nobody really dreams what to do when they are retired, that's rarer. I am not saying zero people do that, but quite low amount of people actually do that, most people just wants to get there first, after they get there they could think about what they could do, but they do not think about what to do later.

I can tell you that as someone who had enough money to retire in my account once, things are not that easy. One bad sickness, and I mean literally fatal, and then suddenly you are out of your depth and you have to go back to working again, which would suck if you retired early for a while.

[leonair]

Of course, it is possible to retire early if you have made the proper preparation. However, people think retiring means they won't be doing anything at all. Yes, you won't be working but you can manage your business and investment. Or you choose to sit and employ someone to do that while you authorize the person from the comfort of your home. Things are made digital now, you can be watching your business grow and investment or company from the comfort of your home.

Early retirement is possible, but is it possible to retire so early? As we manage the family in our daily life, it is seen that even after 50 years, we have to work for the family, but we cannot retire even if we want to. We retire too late because the things we need to retire take longer. But now it appears that early retirement is better if you want to keep up with everyday life. Our internet system now makes it possible to do so much from home that we can quickly take a few years off if we want to. We do not have leisure time, and we do no work. Many types of work can be done at home even if we are retired. You can work from comfort. Investment comes first, and if we can invest in Bitcoin or other good things before retirement, our retirement will be perfect if we can continue this investment trend.

[khiholangkang]

As you said there are some people who want to retire early but they can't because the income or money they have accumulated may not be enough for them to live peacefully with all their needs.

Indirectly it means that it can be if the money we have is more than what we can possibly spend for the rest of our lives, some people who have a large income and accumulated so that they can stop working and prefer early retirement for a freer life, you can explore freely without any time that requires you to go to work, no boss who scolds you and others.

One can retire early if he starts a business before retirement which can give him income on a monthly basis and he will not work to get his salary. Most of the people work hard and save some amount with which he can build some house for rents so if he retires early then there will be no issue for him in terms of getting salary.

Those will surely be at risk who does not have any concept of saving and investment during his job because most of the time people think that their salaries are enough so they have no need to save some amount and make investment but I think saving and investment is crucial because in life any type of situation can arise in which your investment will help you if you have no salary.

But building a business is not that easy it is quite difficult so that we can be in a position where we can get monthly income without working, it takes a long journey. It can happen if we have an income that is more than the risk we have to spend on business management and needs.

Those who do not have the habit of saving and investing will have difficulties in the future, however, in working or doing business there will be positions where we are tired, tired, ups and downs and even unproductive, if we don't have that, let alone hoping for an early retirement, being able to retire more calmly in old age will also be quite difficult if you don't have that preparation.