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re: Retiring early and living longer

Posted on 7/30/26 at 4:49 pm to
Posted by KirbySmartass
Member since Jul 2020
3194 posts
Posted on 7/30/26 at 4:49 pm to
I can’t freaking wait to retire. Financial planner says I can at 55, but don’t know if I 100% believe him, given inflation, etc. Might let it ride to 58 or so, just in case, but have so many things I want to get into post retirement.
Posted by Everyday Is Saturday
Member since Dec 2025
2527 posts
Posted on 7/30/26 at 4:56 pm to
I make 6 months retired tomorrow. I am 55. It is incredible!

Will the increase in $ at 60 really change your life significantly? 5 years worth?

IMO, time > $.

Do it! Total freedom is hard to explain.
Posted by Everyday Is Saturday
Member since Dec 2025
2527 posts
Posted on 7/30/26 at 5:17 pm to
quote:

most people retiring at 55 usually are 30 years in some kind of state agency or govt job


Not necessarily true. If you start investing early, often with $ by living below your means…55 (or earlier) is doable no matter the organization. Rule of 55, 72t, or a large taxable account can make it happen.

quote:

with costs of everything going up you better have all your debt paid off as well as your home paid off


If your nest egg can handle home P&I payments and the mortgage debt is cheap (<4% for example), and nest egg is earning >4%…I would not pay it off.

quote:

make sure your medical insurance coverage is adequate


This is very important.
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