Reply to if you were able to retire early (55-62) how did you do it

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[quote=Anonymous][quote=Anonymous]I'm in my early 50s and in a job I like overall, but it's a very draining role, the commute isn't great, I'm getting bored with the work and the options for moving up the chain and seeing more significant raises are limited. I could stick it out for another five years, ideally more like 8-10, but it's getting to be a lot. Over the past year, a few of my older colleagues resigned before hitting 60. One retired early out of nowhere and management didn't throw him a retirement party, so I didn't have a chance to ask him what's next. Another left early after being with the org for about 15 years and was vested in the pension but still left earlier than most in the plan.

So, for those who've done it, how do you get to the point of making it happen? Did you assess your finances and accept a lower-paying or part time job for peace of mind and being ok with giving up the good salary? Or did you methodically plan for retiring early and sock away a lot of money since your first job? [/quote]

I'm in my 50s. Spouse and I knew we wanted to retire earlier than most from the time we got married, and I plan to in the next six months. Sacrificed a lot in our early years: rarely went out to eat, bought a house that was a bit of a stretch at the time and got a roommate, have never had a car payment because we saved up to purchase used cars in cash, etc. We have never moved from that house. It's definitely consistency over time. Keeping spending low also gave spouse and I flexibility to take family-friendly jobs that did not require crazy hours and weekends. We now spend a ton on travel and enjoy what we have saved, so while it was a sacrifice early in our marriage, there is a lot of freedom now.[/quote]

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