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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Definitely see a financial planner before making this decision. My in-laws retired early -- in their 60s -- and were well off financially at that time. But now they're in their 80s and have no savings left and living off Social Security and a small pension. They aren't starving, but they aren't doing great either.

They really made some bad decisions with their money because, in part, I think they never wrapped their heads around what it really means to live off retirement savings. They didn't have a plan. But I know other people who retired early, had a plan, had the numbers to back up the plan, and it worked great. [/quote]
did they spend too much early on?[/quote]

Yes, they spent too much early on. Their retirement plans seemed modest on paper, but in real life, it all ended up being so much more expensive then they realized it would be. So the lesson I learned from them is to really crunch the numbers, be realistic about what expenses you'll have, make sure you have an emergency fund. Even better to have two emergency funds. [/quote]

What did they overspend on? Just curious as DH and I are semi-retired. [/quote]

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