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Reply to "if you were able to retire early (55-62) how did you do it"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Side question....Is age 62 considered "early retirement"? I always thought early retirement was in the 50s but due to less favorable economics, is early 60s the new "early retirement" zone? Just curious what others are thinking? [/quote] I agree, reading this thread and seeing people say they retired "early" at 62 is kind of depressing. Unless social security is going to be your primary source of income, i would expect retiring at 62 vs 65 isn't really a big financial difference. LIke, if you're going to be good to retire at 65, you're presumably set up with a good enough cushion to retire at 62 instead. [/quote] I don't think of it as really "early retirement" but retiring on the earlier end of the typical age span (DH and I plan to retire at 60). However, it is not super common: "Just 32% of Americans aged 60 to 64 were retired between 2016 and 2022, according to Gallup. That drops to 11% for those aged 55 to 59 and below 10% for younger Americans." https://www.fool.com/research/average-retirement-age/[/quote]
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