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How to Determine If You Can Really Retire Early

How to Determine If You Can Really Retire Early

Finance
Shutterstock photoBy Justin Goodbread, CFP®In my business, I work with all different types of people. They run the gamut. Some are employers, while others are the employees. Some tell me they want to retire early. To that, I then ask them what retiring early means to them. Are we talking late 50s, early 60s, perhaps even early 40s? The key to helping them reach that goal is to know the age that goal needs to be achieved by.Retiring early constitutes walking away from making income, living solely off our assets and whatever income they produce. For our example, let’s say the person wanting to retire early is looking to do so between 55 and 60. (For more, see: The Pros and (Mostly) Cons of Early Retirement.)The very first thing to consider is how much this person is going to live off of at e...