How To Retire Early: Step-By-Step Guide To Retire At Any Age

Many of us will likely spend decades working for a company before we can retire.

But what if you could escape the rat race and retire early? What if you could do it without taking on an enormous amount of risk or sacrificing your standard of living?

Before you grab an early retirement calculator, figure out how you want to spend your time in retirement? Your budget depends on how you want to live in retirement.

Create Your Retirement Lifestyle Budget If you do not have one or want to make sure your estimated current budget matches your actual spending, an easy way to do this is to sign up for a free account at Personal Capital.

While we may not agree with everything he says, there are nine decades of wisdom buried in Warren Buffett’s quotes.

Estimate Your Expenses For Retirement Activities

If you plan for early retirement, ask yourself how much more money you are likely to spend.

Estimate Your Annual Retirement Based On Needs And Wants

Even after optimizing your tax planning strategies, taxes might be one of the highest “expense” items on your current budget.

Early retirement with a stock portfolio is easier than most people realize. You do not need to be an expert stock picker and can stick to a diversified, low-cost total stock market fund and still do great.

If you have a stock portfolio, divide the value of all your stock accounts by 25 to get an approximate number of your expected annual retirement number.

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