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

Maximize your income while you’re still working

There’s no correct approach to retiring early. It all depends on what works for every individual. Some early retirees decide to live in rural areas while others stick to big cities and make the most of their earning years there. For example, Livingston opted to earn as much as possible while living and working in New York, the most expensive city in the United States. For her, it was worth it to maintain her costs and expenses to a minimum but still enjoy life in the Big Apple.

RELATED: If You Want to Retire Early Cut These 5 Expenses Now!

A fit couple jogging together in a beautiful green park under morning sun.
A happy couple jogs through a sunlit forest, making physical health a priority for early retirement.

Consider the 4 percent rule

If you want to retire early and explore life outside the office, but don’t know where to start, here’s a starting point: the 4 percent rule, developed by financial planner William Bengen in 1994.

This rule can help you calculate how much you need to save in order to join the early retirees’ group. To put it simply, this rule of thumb says you can withdraw 4 percent of your retirement account each year in retirement and live a comfortable life. Carl, of the blog 1500days.com used the four percent rule to determine his retirement number and was happy to discover that if he wanted to, he could retire in no more, no less than 1,500 days.

Invest aggressively – if you’re younger

If you’re looking to quit your job sooner rather than later and explore other possibilities. Investing, for instance, could bring you a lot of money in a short period of time, facilitating your early retirement plans. And if things don’t go as planned, remember you can always go back to a 9 to 5 work schedule. “The way I look at it is, there’s a lot of time to recover if something disastrous happened on day one of retirement. The thing I would do is just go back to work or I could drive for Uber if I don’t want to work full time,” says the same Carl, of 1500days.com.

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Your email address will not be published.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 retired man at his kitchen table reviewing a Social Security denial letter in soft morning light. The Social Security Appeal Process Explained Step by Step
  • A senior couple sits at a sunlit wooden table reviewing their credit card benefits over morning coffee. The Credit Card Perks Retirees Overlook Every Single Month
  • An older couple in a cozy living room reviews a bank statement with a magnifying glass as paper money-airplanes float up. 10 Subscription Services Retirees Are Cancelling to Save Money
  • A female retiree sitting at her sunlit dining table with a health planner and pen, reflecting on her retirement healthcare plan. The Medicare Preventive Services Most Retirees Never Use
  • An older couple smiling as they unpack boxes in a sunlit living room with desert views outside. What Happens to Your Medicare If You Move to a Different State
  • An illustration of a retired man stepping off a calendar page onto green stepping stones labeled Special Enrollment. The Medicare Special Enrollment Periods Most Retirees Never Use
  • A retired man at his wooden kitchen table examines a prescription pill bottle alongside documents and a calculator in morning light. Why Your Medicare Part D Plan Might Cost More Next Year
  • A gouache illustration of a retired couple on a porch looking at a glowing path emerging from an envelope, symbolizing a path forward. The IRMAA Appeal Most Retirees Don't Know They Can File
  • Ink and watercolor illustration of reading glasses, an apple, and a hearing aid case on a wooden table. What Medicare Actually Covers for Dental, Vision, and Hearing
  • An editorial ink and watercolor illustration of an older adult standing before a giant calendar marked 65, symbolizing Medicare timing. The Medicare Enrollment Mistake That Triggers a Lifetime Penalty

Newsletter

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

Related Articles

Top 10 Countries To Live In If You’re Over 60

In recent years, life expectancy rates have increased, so the proportion of adults that are…

Read More →

10 Secrets about Retirement Your Government Doesn’t Want You To Know

Learn more about your employer’s pension plan – If your employer has opted for a traditional…

Read More →

12 Biggest Retirement Regrets According to Seniors

Discover the 12 biggest retirement regrets reported by seniors, from claiming Social Security early to…

Read More →

15 Places to Retire Where $200,000 Goes a Long Way

Discover 15 highly affordable US cities where a $200,000 retirement nest egg and Social Security…

Read More →

6 States That Are Perfect for Healthy and Active Seniors

2. Utah Folks in Utah know how to drink responsibly- here only 3.4% of people…

Read More →
An active senior woman rides an e-bike through a modern community garden neighborhood during a golden sunset.

9 Lifestyle Trends That Are Making Senior Life Better in 2026

Discover the top 9 lifestyle trends reshaping retirement in 2026, from smart health technology and…

Read More →
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

Discover the average 401(k) balance by age in 2026 and learn actionable strategies to benchmark…

Read More →

11 Travel Accessories Every Senior Should Have

Now that we can travel again, after all this time of staying between only four…

Read More →
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

Discover eight surprising retirement destinations that offer excellent healthcare, affordable living, and vibrant communities away…

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.