re: Anyone retire early early?

Do a YouTube channel/write a book/do private consulting or something on your area of expertise, so you keep your brain engaged in IDEAS. A highly intelligent man needs to stay engaged more than just in the physical world.

I’m interested if most people that had this 40-45 retirement opportunity had kids late or don’t have kids. I do pretty well and feels like just getting by normally

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I’m interested if most people that had this 40-45 retirement opportunity had kids late or don’t have kids. I do pretty well and feels like just getting by normally

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I'm 46 and not even close to being able to retire. I had 2 kids in my 20s, My wife and I make pretty good money now, but we were just getting by when we were younger. We have one out of the house and another that's a JR in HS.

We spent several years getting ourselves back on track with retirement goals when we were able to. I'm happy we are there now, but there's no conceivable way I'll be able to retire before 62 unless I come into some money unexpectedly or I'm forced into retirement due to a health issues or something like that.

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I’m interested if most people that had this 40-45 retirement opportunity had kids late or don’t have kids. I do pretty well and feels like just getting by normally

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Same here. I have good retirement savings and a paid for house but I think I would need to see 10 -12 K secure income inflation protected and health care benefits to have that make sense for me. I am past the concept of early retirement now at 57 but if I was in my mid 40's today for my own sense of financial security I would expect I would need over 4 million in investments plus insurance to have the lifestyle I want through retirement years.

I do not suspect most folks on this board are trying to retire in a tiny house and grow most of their own food so I suspecgt most have done a great job to accumulate assets, have acceess to heatlh care benefits or have a lot of money dedicates to pay for it or have a higher risk tolerance or better market assumptions than I do.

The only way I see this is health care, higher risk tolerance and higher accumulated assets than I have been able to do.

Fortunately I like what I do and 65 is likely my earliest time frame.

I retired at 40.
Sold my insurance agency, paid off all debt.
Own majority of small but rapidly growing hvac company where I work doing office stuff 10 hrs/wk, opening a remodeling franchise where I plan on working 7 hours/wk, publishing children’s book, opening up Cajun cafe franchises with buddy from lsu in the UK (he’s relocating). Wife gives swim lessons at our pool. We have one child (4) and planning on another.

We spend a ton of time with our child, our aging parents, and we enjoy life. We would be better off financially if I kept working 70 hours/wk at the agency, but it was killing my health and crushing my soul. Other businesses may flop and I’ll have to return to work, but they should be bringing in enough income so we can coast in life. We don’t keep up with the Jones by any means though, so that should help.

Preach.

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was killing my health and crushing my soul

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Ooof no good. If your job is relaxing, no need to retire.

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Same here. I have good retirement savings and a paid for house but I think I would need to see 10 -12 K secure income inflation protected and health care benefits to have that make sense for me. I am past the concept of early retirement now at 57 but if I was in my mid 40's today for my own sense of financial security I would expect I would need over 4 million in investments plus insurance to have the lifestyle I want through retirement years. I do not suspect most folks on this board are trying to retire in a tiny house and grow most of their own food so I suspecgt most have done a great job to accumulate assets, have acceess to heatlh care benefits or have a lot of money dedicates to pay for it or have a higher risk tolerance or better market assumptions than I do. The only way I see this is health care, higher risk tolerance and higher accumulated assets than I have been able to do. Fortunately I like what I do and 65 is likely my earliest time frame.

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In this spirit, $5M invested assets and a paid off home is my target for financial independence. Health care is definitely another consideration…not going to worry about that one until I am closer to accomplishing the former.

I spent most of my 20’s in “retirement”after college graduation. Traveled the country/world, partied too much, would work some or go back to school for a while. Got a masters degree. Finally settled down around 30, got married and my 3rd degree. I figured I ought to have fun in my prime rather than wait til I’m old, blew through a lot of dough. But No regrets, I’d be too bored retired now. I only work 3 days a week now though so it’s good balance