By Dana Anspach via Iris.xyz
It’s you’re 25 years old and contemplating retirement 30 years hence, an age 55 retirement is a possibility – if you start planning now. Put away at least $350 per month and plan on increasing that amount of savings each year.
If you’re approaching age 40 (or older) and you’d like to retire by 55, it may be a bit more challenging, although in many cases it is still possible – if you’re willing to commit to the changes needed to make it happen.
Of course, there is a third option that doesn’t get considered as often as it should. Find work you love, so work doesn’t feel like work. Granted, that is not really “retirement,” but who cares, if you’re happy?
Let’s explore these options; both the financial part (how much does it take) and the soul-searching part (what will make you happy).
Click here to read the full story on Iris.xyz.