Retire at 55 and Never Work Again: Is It Possible?

Retirement at 55 is possible, but it takes careful planning and discipline.

Many people dream of retiring at 55, but achieving this goal requires careful planning. While the traditional retirement age is 65 or older, early retirement can give you more time to pursue your passions and interests. However, it is important to have a strong financial foundation before retiring in your mid-50s. Running some calculations can help you determine if retiring at 55 is realistic for you. An investment advisor portfolio manager can also help you estimate when you may be ready to retire.

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Is it Realistic to Believe I Can Retire at 55?

There are no legal barriers, or any other rules that prevent retiring at 55. In fact, some people in the FIRE movement aim to retire as early as 40. So, retiring in your mid-50s is perfectly legal and possible.