Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

Thinking of Retiring Early? These Real-Life Tips Can Help You Do Just That

November 23, 2020 · Retirement Life

Many people dream of quitting their 9 to 5 jobs and retiring early to pursue all sorts of activities like traveling, exploring their hobbies and passions, volunteering and so on. But there’s more to early retirement than meets the eye and not everyone has the financial freedom and means to do it.

To help you make your early retirement dreams come true, we’ve rounded up a list of tips from people who’ve succeeded in retiring before age 65- well before that, in fact. Here’s what they recommend to other people who want to live their golden years long before their hair turns grey.

Track your income and expenses

You don’t know if something needs to be rectified unless you pay attention and keep track. We’re talking abut finances, of course. If you want to retire early, you’ve got to start setting your finances straight as early as possible, tracking your income and expenses included.

See Kristy Shen, for example. She worked in computer engineering in Canada, together with her husband. They managed to save $1 million and she decided to retire at 31 to travel the world with her spouse. “I think tracking is absolutely paramount,” Shen admitted to Farnoosh Torabi, host of the So Money podcast. How did she do it? She projected their month-end expected net worth and at the end of the month, she recorded the real net worth. That way, she and her spouse could focus on their goals without going off track with their expenses.

Pages: 1 2 3 4 5 6

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A senior woman at a kitchen table checking a circled date on her calendar next to a laptop. Update: Social Security Is Changing How Millions Get Paid - Here’s What to Know
  • A man in his 60s reviews retirement savings charts on a tablet at his kitchen table in the morning light. Is Your 401(k) Keeping Pace? See the Average Balance by Age in 2026
  • A watercolor illustration of a garden path with signs for retirement ages 62, 67, and 70 under a bright, sunny sky. 6 Easy Steps to Estimate Your Social Security Benefits
  • A panoramic view of the twin crater lakes of Sete Cidades in the Azores, featuring one blue and one green lake surrounded by lush green hill 9 Scenic (and Cheap) Destinations That Rarely Disappoint
  • A retired couple stands amidst moving boxes in their living room, bathed in warm afternoon sunlight during their relocation process. 8 Common Relocation Mistakes Retirees Tend to Make
  • 7 Costco Items Worth Buying in Retirement Because They Actually Lower What You Spend Each Month
  • A retired couple at a kitchen table looking at a map and tablet, planning their next move to a surprise retirement destination. 8 Places That Surprise Retirees in the Best Possible Way
  • A panoramic watercolor illustration showing a transition from green mountains to red deserts and blue lakes. 11 Nature-Filled Destinations Perfect After 60
  • A retired couple sits on a coastal bench in Maine at twilight, looking out at a harbor with lobster boats. 9 Charming Northern Spots for Retirement
  • A stylized gouache illustration of a western landscape featuring mountains, red rock mesas, and pine forests under a warm afternoon sun. 10 Western Retirement Spots with Incredible Lifestyle Appeal

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

A senior woman in a sunlit home studio carves patterns into a ceramic bowl, surrounded by pottery tools and a warm, domestic atmosphere.

How Seniors Are Turning Their Hobbies Into Real Income in 2026

Discover practical strategies for seniors to successfully turn their favorite hobbies into flexible, reliable side…

Read More →

9 People Who Fulfilled Their Lifetime Dreams During Retirement

Retiring isn’t necessary a period in our lives when we settle down and sit on…

Read More →

13 Overlooked Locations for Retirement in the U.S.

Discover 13 underrated retirement cities in the U.S. that offer exceptional healthcare, affordable living, and…

Read More →

9 Easy Ways to Gradually Transition into Retirement

A man works on his laptop from a sunny porch, enjoying a flexible transition into…

Read More →
Seniors calculating their costs

11 Expenses You No Longer Need in Retirement

Retiring early seems like a distant dream. But with determination, motivation and careful planning, you…

Read More →

19 Unsuspected Obstacles That Prevent You From Having a Worry-Free Retirement

To most of us with a daily 9 to 5 working schedule, retirement sounds like…

Read More →

20 Top-Rated Neighborhoods for Retirees in 2026

A smiling woman researches top-rated neighborhoods on her tablet while enjoying coffee and a scenic…

Read More →
Active seniors laughing together at a sunny outdoor waterfront cafe during golden hour.

15 Best Retirement Cities With the Most Seniors

Discover the top 15 U.S. cities with the largest senior populations, offering specialized healthcare, tax…

Read More →

Top 10 Best Reviewed Smart Home Devices For Seniors

Getting old is as certain as the sun rising in the morning and setting in…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.