Article offers 4 steps to retire early before age 67, emphasizing planning, budgeting, and professional advice.

From Yahoo Finance: 2025-05-31 07:00:00

Many workers aim to retire early at 40, 50, or 60. Social Security full retirement age is 67 for those born in 1960 or later, leading many to seek early retirement strategies to maximize benefits and savings. Planning ahead and setting clear goals are crucial steps to retiring early.

To retire before 67, create a mock retirement budget and determine how much you need monthly to achieve early retirement. Consider healthcare and tax implications, as well as withdrawal strategies to minimize financial impact. Getting professional financial advice and using online resources can help guide your early retirement plan.

To achieve early retirement goals, focus on getting out of debt, investing consistently, and exploring bridge options like real estate or brokerage accounts. Meeting regularly with a financial advisor can provide valuable insights and guidance to ensure a smooth transition into early retirement. Utilize available online tools and apps for personal finance to stay on track with your retirement goals.

Read more: 4 Steps To Take Now If You Want To Retire Before Age 67