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
A woman painting in a bright, plant-filled art studio, pursuing her hobby.
A woman explores her passion for painting in a bright studio filled with plants and arched windows.

Don’t forget that savings are crucial

Investments can help you grow your portfolio and secure a comfortable retirement but as an early retiree, you don’t really have the same time to see your money multiply like people retiring at their full retirement age. This makes it even more important to save as much as possible, every chance you get.

Paul Novell, 46, who decided to retire at 38 and travel the country in an RV, with his wife, admitted that even if they hadn’t opted to put all of their savings into bonds, they would have still been capable of retiring early.

Consider semi-retirement

Early retirement sounds amazing to many people. But if you’re not exactly ready to quit your job this very minute, there are still things you can do to get a taste of retirement life. You can gradually transition your way into early retirement, in what certified financial planner Robert Brokamp calls semi-retirement. It puts less pressure on your retirement portfolio while providing you access to various benefits like health insurance.

A couple planning a trip using a map and a compass on a wooden table.
A smiling couple studies a world map in a rustic cabin, planning their next exciting travel adventure.

Live off passive income in retirement

Passive income could be the perfect way to live comfortably in retirement. From investing in dividend stocks to pension payouts or cash flowing rental properties, there’s no need for you to live paycheck to paycheck.

Jason and Julie Buckley retired at 43, leaving Nottingham, England to pursue their traveling dreams. Their income from rental properties, pension benefits and advertising and book sales on their blog, allowed them to live their dream life without ever touching their savings. The couple says they make around $18,400 per year and are more than happy with their life.

Find some inspiration from these 10 Brilliant Passive Income Ideas to Make Easy Money.

 

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Your email address will not be published.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 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 retiree looks out over a lush tropical valley at sunset from a terracotta balcony, holding a coffee mug. 10 Best Countries to Retire Abroad in 2027
  • 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
  • Three active seniors walking through a vibrant, sunlit downtown plaza with a dog and coffee, representing a fulfilling retirement lifestyle. 9 Places Where Seniors Are Finding More Things to Do
  • A senior man at a kitchen table early in the morning, looking at a laptop with a financial graph, representing proactive retirement planning Social Security's 2027 COLA Forecast Just Changed - Here's What Retirees Should Know

Newsletter

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

Related Articles

A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement.

10 Best Places to Retire That Won’t Break the Bank

Discover the 10 best affordable places to retire, balancing low housing costs, tax-friendly policies, and…

Read More →
Watercolor illustration of a multigenerational family on a vintage porch in warm golden light.

16 Ways Retirees Lived Without Social Security in the Past

Explore how older Americans survived before 1935 and learn timeless historical retirement income strategies to…

Read More →
A happy retired couple standing on a sunny balcony overlooking the sea, symbolizing a dream retirement lifestyle.

20 Easy Ways to Live the Retirement Life of Your Dreams

Discover 20 practical and actionable ways to build a fulfilling, active, and joyful retirement life…

Read More →

10 Unexpected Threats to Your Retirement in 2022

Long-term care expenses – If you haven’t planned for a sudden medical situation that might have…

Read More →

The Pandemic Cut Into Your Retirement Savings? Here’s How You Can Recover

Buy off your car and keep using it According to the latest Experian State of…

Read More →

We Found The Best 20 Neighborhoods for Retirees

16. Charlotte Park — Nashville, Tenn. The first thing you need to know about Charlotte…

Read More →

10 Ways These 3 Virtual Assistants Can Improve the Lives of Seniors

HELP INDIVIDUALS WITH EARLY ONSET DEMENTIA In-home virtual assistants are great tools for engaging loved…

Read More →
A retired couple looking out from a balcony during golden hour.

30 Dangerous Things to Your Retirement

Discover the 30 most dangerous threats to your retirement savings, including hidden tax traps, Medicare…

Read More →

U.S. Cities Where It’s Possible to Retire by 40

If you’re dreaming of retiring early and spend the rest of your life in a…

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.