I'm a 61-year-old retiree and thanks to strong investments, I'm now sitting on $7 million - here's my advice for anyone considering retirementConsider a test run before committing to retirement to gauge happiness and fulfillment.
We're in our 40s and have saved 5x more for retirement than we planned - why are we still nervous to quit our jobs?Fear of retirement can persist even with substantial savings, highlighting the emotional aspect of retirement planning.
I'm 46 with $21 million and a baby on the way - should I retire from my high-stress job to focus on family?Achieving significant wealth often prompts individuals to reconsider their work-life balance and retirement possibilities.
I retired at 41 to focus on myself. Then, my toddler was diagnosed with cancer, and now I manage his treatment.An elder millennial retired at 41, but plans changed dramatically after her son's cancer diagnosis.
I'm in my late-30s and have am making a huge income in Seattle but want to retire now - should I stick it out or pull the plug?The Reddit poster is considering early retirement despite prospective earnings due to existing financial security and personal fulfillment.
I've banked over $10 million for retirement by my late 30s - am I being too conservative with my investments?Achieving significant wealth before 40 is possible; individual cases can inspire, but personalized financial advice is crucial.
I'm a 61-year-old retiree and thanks to strong investments, I'm now sitting on $7 million - here's my advice for anyone considering retirementConsider a test run before committing to retirement to gauge happiness and fulfillment.
We're in our 40s and have saved 5x more for retirement than we planned - why are we still nervous to quit our jobs?Fear of retirement can persist even with substantial savings, highlighting the emotional aspect of retirement planning.
I'm 46 with $21 million and a baby on the way - should I retire from my high-stress job to focus on family?Achieving significant wealth often prompts individuals to reconsider their work-life balance and retirement possibilities.
I retired at 41 to focus on myself. Then, my toddler was diagnosed with cancer, and now I manage his treatment.An elder millennial retired at 41, but plans changed dramatically after her son's cancer diagnosis.
I'm in my late-30s and have am making a huge income in Seattle but want to retire now - should I stick it out or pull the plug?The Reddit poster is considering early retirement despite prospective earnings due to existing financial security and personal fulfillment.
I've banked over $10 million for retirement by my late 30s - am I being too conservative with my investments?Achieving significant wealth before 40 is possible; individual cases can inspire, but personalized financial advice is crucial.
I'm Not Yet 40 and Get $200K per Year From My Trust. When Is the Right Time to Retire?Retirement is defined by income, not age; effective financial management can lead to early retirement.
Is It Possible to Retire by 50 If You've Banked $5 Million?Retiring at 50 with $5 million is possible with careful planning.
I'm Worth $8.5 Million At Only 40 Years Old. Is It Immoral To Retire Now, Or Should I Keep Working?Having $8.5 million saved allows for early retirement and a comfortable income, despite differing opinions from others.
We're in our mid 50s with $2 million in our 401(k) and a $120k pension per year coming our way - are we good to retire?Guaranteed pension income eases the path to early retirement, but there are still risks to consider.
How Much Money Do You Need to Retire Early? Here's What Suze Orman Says$2 million is insufficient for a secure early retirement; aim for $5 to $10 million instead.
If I'm Retiring 5 Years Early and Have $3M Saved Up, What Is My Safe Withdrawal Rate?The 4% rule may be too risky for early retirees, suggesting a 3% or 3.5% withdrawal rate instead.
I'm Not Yet 40 and Get $200K per Year From My Trust. When Is the Right Time to Retire?Retirement is defined by income, not age; effective financial management can lead to early retirement.
Is It Possible to Retire by 50 If You've Banked $5 Million?Retiring at 50 with $5 million is possible with careful planning.
I'm Worth $8.5 Million At Only 40 Years Old. Is It Immoral To Retire Now, Or Should I Keep Working?Having $8.5 million saved allows for early retirement and a comfortable income, despite differing opinions from others.
We're in our mid 50s with $2 million in our 401(k) and a $120k pension per year coming our way - are we good to retire?Guaranteed pension income eases the path to early retirement, but there are still risks to consider.
How Much Money Do You Need to Retire Early? Here's What Suze Orman Says$2 million is insufficient for a secure early retirement; aim for $5 to $10 million instead.
If I'm Retiring 5 Years Early and Have $3M Saved Up, What Is My Safe Withdrawal Rate?The 4% rule may be too risky for early retirees, suggesting a 3% or 3.5% withdrawal rate instead.
Worth $15 Million, Not Yet 50, And Mentally Done With Work. Should I Just Stop All Together?A $15 million net worth provides substantial financial freedom for early retirement.
I'm 52 With $4 Million But I Can't Claim Social Security for 10 Years. Can I Still Retire?Early retirement is feasible with a substantial nest egg, but careful planning is essential to avoid running out of savings.
I'm 43 and my stress is taking a toll on my body and I'm being told by friends I should retire now - are they right?Retiring in your 40s poses financial risks and challenges related to health coverage and long-term savings management.
I'm in my mid-40s and am retiring in a few days - here is how I prepared for everything financially the year beforePlanning is key for early retirement, addressing both financial and non-financial needs.
Is $10 Million the New $1 Million? The Internet Weighs In...$10 million is considered by some as the new benchmark for retirement savings, reflecting inflation's impact on purchasing power.
I'm Pushing 50 With a $9.4 Million Net Worth but I'm Scared to Retire. What's Wrong With Me?Retiring early is complex, considering healthcare, financial access, and emotional impacts.Significant savings can make early retirement viable, but challenges remain.
Worth $15 Million, Not Yet 50, And Mentally Done With Work. Should I Just Stop All Together?A $15 million net worth provides substantial financial freedom for early retirement.
I'm 52 With $4 Million But I Can't Claim Social Security for 10 Years. Can I Still Retire?Early retirement is feasible with a substantial nest egg, but careful planning is essential to avoid running out of savings.
I'm 43 and my stress is taking a toll on my body and I'm being told by friends I should retire now - are they right?Retiring in your 40s poses financial risks and challenges related to health coverage and long-term savings management.
I'm in my mid-40s and am retiring in a few days - here is how I prepared for everything financially the year beforePlanning is key for early retirement, addressing both financial and non-financial needs.
Is $10 Million the New $1 Million? The Internet Weighs In...$10 million is considered by some as the new benchmark for retirement savings, reflecting inflation's impact on purchasing power.
I'm Pushing 50 With a $9.4 Million Net Worth but I'm Scared to Retire. What's Wrong With Me?Retiring early is complex, considering healthcare, financial access, and emotional impacts.Significant savings can make early retirement viable, but challenges remain.
What's the difference between FIRE, ChubbyFIRE, and FatFIRE? The Internet Weighs InThe FIRE movement promotes early financial saving for independence and retirement.Setting the right goals poses a challenge for many within the FIRE community.
I'm in my mid-20s and have banked $200k - sadly, I am about to lose my job and fear my early retirement dreams will be deadThe FIRE movement offers various paths to financial independence that cater to different lifestyles and spending habits.
If These 5 Things Happen, the F.I.R.E Movement Might Be DoomedThe F.I.R.E. movement promotes achieving financial independence early, but comes with significant risks, especially during economic downturns.
I'm in my 50s and was recently laid off - should I just live off my investments instead of getting another job?Consider taking time off after a layoff to reflect before job searching.Rising layoffs are prompting some to consider early retirement instead of seeking new jobs.
What's the difference between FIRE, ChubbyFIRE, and FatFIRE? The Internet Weighs InThe FIRE movement promotes early financial saving for independence and retirement.Setting the right goals poses a challenge for many within the FIRE community.
I'm in my mid-20s and have banked $200k - sadly, I am about to lose my job and fear my early retirement dreams will be deadThe FIRE movement offers various paths to financial independence that cater to different lifestyles and spending habits.
If These 5 Things Happen, the F.I.R.E Movement Might Be DoomedThe F.I.R.E. movement promotes achieving financial independence early, but comes with significant risks, especially during economic downturns.
I'm in my 50s and was recently laid off - should I just live off my investments instead of getting another job?Consider taking time off after a layoff to reflect before job searching.Rising layoffs are prompting some to consider early retirement instead of seeking new jobs.
We're in our 40s and have built a $5 million nest egg - here's exactly how it's investedA couple in their 40s has amassed a $5 million portfolio and aims for $7 million for early retirement.
We have a $600k net worth and want to retire early - here's how we're making it possibleEarly retirement is increasingly popular, but achieving a comfortable lifestyle requires strategic financial planning and investments.
I retired early 5 years ago and this is the #1 biggest downside of my decisionEarly retirees may struggle with the transition to a slower pace of life and loss of social status.
I Make $125k Per Year and Retired Early. Am I a Loser Just Because I Play Video Games All Day?Early retirement can bring marital challenges, especially when aspirations differ within the same household.
I'm in my mid-30s and suddenly worth $5 million from an windfall inheritance - what's my next move?Retiring early complicates personal identity, making the question 'What do you do?' less about job titles and more about personal pursuits.
I'm bound to my job for 3 more years earning $350k - should I stick it out or move on?Evaluate personal fulfillment over financial gain when considering career options.Retiring early or taking a pay cut can lead to more enjoyable life experiences.
We're in our 40s and have built a $5 million nest egg - here's exactly how it's investedA couple in their 40s has amassed a $5 million portfolio and aims for $7 million for early retirement.
We have a $600k net worth and want to retire early - here's how we're making it possibleEarly retirement is increasingly popular, but achieving a comfortable lifestyle requires strategic financial planning and investments.
I retired early 5 years ago and this is the #1 biggest downside of my decisionEarly retirees may struggle with the transition to a slower pace of life and loss of social status.
I Make $125k Per Year and Retired Early. Am I a Loser Just Because I Play Video Games All Day?Early retirement can bring marital challenges, especially when aspirations differ within the same household.
I'm in my mid-30s and suddenly worth $5 million from an windfall inheritance - what's my next move?Retiring early complicates personal identity, making the question 'What do you do?' less about job titles and more about personal pursuits.
I'm bound to my job for 3 more years earning $350k - should I stick it out or move on?Evaluate personal fulfillment over financial gain when considering career options.Retiring early or taking a pay cut can lead to more enjoyable life experiences.
I retired at 59. Middle management jobs were my secret sauce for building my wealth.Alvaro Munevar Jr. achieved early retirement by choosing middle management roles that allowed time for a successful side business.
I wanted to retire at 55 but I kept grinding to get another few million in the bank - why is it so hard to quit?Retiring early can become challenging as financial motivations and reluctance to stop earning take over.
I've got $18 million at 40 years old - but I think I want to retire now because I hate my jobThe decision to continue working depends on whether he values time over additional money.
I retired at 59. Middle management jobs were my secret sauce for building my wealth.Alvaro Munevar Jr. achieved early retirement by choosing middle management roles that allowed time for a successful side business.
I wanted to retire at 55 but I kept grinding to get another few million in the bank - why is it so hard to quit?Retiring early can become challenging as financial motivations and reluctance to stop earning take over.
I've got $18 million at 40 years old - but I think I want to retire now because I hate my jobThe decision to continue working depends on whether he values time over additional money.
I'm 32 with $7 million in the bank but my revenue stream has dried up and I'll be lucky if I can find a job making $100kA Reddit user with $7 million struggles with finding purpose after an early forced retirement at age 32.
I recently turned 40 and am considering tapping my $5+ million saved and retiring early - will I regret walking away so young?Retiring early at 40 is feasible for financially secure individuals.
I'm 32 with $7 million in the bank but my revenue stream has dried up and I'll be lucky if I can find a job making $100kA Reddit user with $7 million struggles with finding purpose after an early forced retirement at age 32.
I recently turned 40 and am considering tapping my $5+ million saved and retiring early - will I regret walking away so young?Retiring early at 40 is feasible for financially secure individuals.
A millennial shares 2 money lessons from his dad that are setting him up to retire by 35Financial success stems from actionable money lessons learned from family.Owning property is preferred over renting as an investment tactic.Early financial education leads to long-term wealth accumulation.
At 35, I had $150k. Now, I'm 43 and rich with $7 million - here's what it's likeWealthy individuals may misinterpret others' financial motivations, often overlooking diverse aspirations and the complexities of non-wealth-oriented lives.
I'm 43 making $575k annually and we contribute $2,500 to investments each month - what mistakes am I overlooking?The couple is financially secure but may be overly conservative in their investment strategy.
We each earn $500k in California and want to retire early in 10 years when we turn 40 - is this achievable?Retiring at 40 is achievable with a high income, but requires careful money management.
I'm in my 30s and I've got a $5 million net worth and I get stressed when I spend $100. How can I change my mindset?Financial anxiety may require professional help, such as a therapist or financial advisor.Understanding the difference between net worth and liquid cash is crucial for financial well-being.Achieving a high net worth at a young age can create spending anxiety.