Many individuals have their identity tied to work. When you meet strangers at a party, the first few questions revolve around “what do you do for work.”
Although you want to run away from your job towards retirement, the answer to when can you retire should also be based on what you want to do in retirement.
Will you have income after you retire? The most crucial question is holding back people from quitting. To answer that question, you need to figure out your retirement income and expenses.
The best-kept secret to growing rich is to accumulate assets and avoid liabilities. To retire early, you need to shorten the time required to accumulate the desired assets, develop additional income sources, invest aggressively.