Investor on Reddit considering early retirement at 49 with $1.3 million in investments and $150K passive income

From Yahoo Finance: 2025-06-22 09:39:00

An investor on Reddit is considering early retirement at 49 with $1.3 million in investments and $150,000 in passive income. According to Fidelity, by 50, one should have saved six times their salary. The Reddit user is well ahead of the average person in retirement savings. With smart investing, they could reach $6.6 million by 67. Retirement calculator estimates show they are on track. However, it depends on their plans for retirement, such as building a business, traveling, and writing. If they focus on growing their savings, they could enjoy financial freedom later in life.

For those behind on retirement savings, maximizing Social Security benefits could provide a significant boost. Learning the “Social Security secrets” could help ensure a more comfortable retirement. By implementing these strategies, individuals could retire with confidence and peace of mind. Joining Stock Advisor could offer more insights into these retirement planning tactics.

Bram Berkowitz, the author of the article, and The Motley Fool have no positions in the stocks mentioned. The Motley Fool also has a disclosure policy for transparency. The article was originally published by The Motley Fool.



Read more at Yahoo Finance: Should I Retire Early at 49 With $1.3 Million in Investments and $150K Passive Income?