Early Retirement

Early retirement refers to leaving the workforce before the traditional retirement age, which is typically around 65. Individuals choose this for various reasons, such as financial independence, health issues, or a desire to pursue personal interests. To retire early, they often need substantial savings or passive income streams to support their lifestyle without regular employment. Planning carefully ensures funds last as long as needed. Early retirement can offer more personal freedom but requires disciplined saving and investing to ensure financial stability throughout retirement years.