I’m 56 and retired last year. We made conservative financial decisions DAILY for 30 years. We always lived on a strict budget. We own our house, 3 kids out of college with no debt. I do what I want. I’m a new grandfather. I’m a runner. I’m a cyclist. I’m a lawn care guy. I’m a plumber. I’m a painter.
sounds boring... living every day on a strict budget. i agree you must budget and save... but u only live once and im going to splurge and enjoy life...
I got this reaction earlier this week. I ran into a former vendor at lunch, and he asked me what I was up to. He looked shocked when I told him I was retired and having lunch with my wife. It wasn't like he was jealous or upset, it was more like he was confused at how I was able to pull it off. It's a wonderful life, if you are prepared for it.
absolutely I'm 59 and turning 60 soon. I got laid off with a bunch of other people at my firm. I was a little down (for about a day) because I was one of those people who did the right thing over the last 30 years. I'm now retired and love it. my assets being supervised for 8years plus has impacted a lot of exposure in nest egg (in excess of 2.8m), I say that because over those 30 years I was a personal finance junkie and listened to all my mentors (John Bogle, Warren Buffett, David Bach, sometimes Dave Ramsey) haven't spent any of my 401k, Roth IRA, or brokerage cash account. My SS and pension is so far adequate to meet my expenses. I don't want for anything, anyway. My kids will get my swag.
Cheers tim I love your viewpoint, I need a way to get ahead of my expenses and create more revenue exposure, I know for a fact that there's a lot of people that simply don't make enough, I make roughly hundred plus a year and in California, rent inflation alone eat up almost all of what I make, with dependents and other obligations included, it's easy to end up with zero. however it’s a good time to add to existing asset holdings as follow -on opportunities how did you go about touching base with yours, kudos on your growth so far.
My dad retired at 53. Was on the #1 tee box and was told “you need to be at my work!”. I plan to follow him and retire around 55. Thanks for the great example mom/dad.
I retired at 56 8 years ago. Spent the first year of retirement planning and riding a 16500 mile solo motorcycle trip around the U.S. and Canada. Never looked back!
@@davidnprogress No more riding for me. Knee, shoulder, prostate, eye and ear issues. That was a bucket list adventure ride and I'm glad I did it immediately after retiring while I was still physically able.
I retired at 55 and feel like many people just hate it. I spent years working 7 days a week and saving, so i deserve it. I say keep it to yourself whenever possible.
Interesting point about keeping it to yourself. I get tired of explaining it to people. I'm just not sure what to say yet when anyone asks what I do. I'm newly retired at 57.
@@davidnprogress Boobyt might be onto something. Keeping the fact that you are retired might be best? Safety, Hate, and Jealousy.... Interesting topic...
Great video. My wife and I have both just retired in the last 9 months, both at 57. We planned to go in December 2024 for many years after 35+ working years in IT and a ton of personal strategic planning steps including no debt, helping our kids get educated, and always living within our means. It never felt like a sacrifice because we could see the plan evolving the way we wanted, each year. The other key thing we learned 15 years ago was to also make sure we were as healthy as possible so lots of lifestyle changes in our mid years. So far retirement is great but we are realists so we know the contingencies we built up are still the right thing to maintain. I do chuckle when my (still working) 65 year old brother in law asks “are you going to contract yourself out or find another job to keep yourself sharp?” My routine includes woodworking, gardening, running, cycling, swimming, volunteering and managing our household books. That’s sharp enough for me. Have a great retirement!
it's not a bad question though. I had some family who retired very early and one of them is starting to struggle with early dementia. I truly believe that if they had been working the dementia would have been significantly delayed.
@@davidperry6716 They are doing fine actually but not as far along financially as I am so perhaps that's why the reaction when I met my goal. I was not expecting that at all as my reaction would have been happiness for them.
@@davidperry6716 Sorry I think I answered a different question by mistake. One is doing great and very fulfilled and the other is bored and the third that I mentioned has some early dementia. There's something to be said for keeping one's mind sharp with daily challenges for the brain. I am able to retire early in my 50s but after seeing the 3 who did I decided to keep going until 60 as I am ok with my job as it is one that helps others.
56 and retiring next month. While everyone around me was enjoying their pay raises and spending more and more, I increased my savings with every pay raise and lived below my means for the past 25 years. Fortunately, I don't care what others think of me.
Retired at 55 two years ago and love it. It’s nice taking a trip especially going away during the week when it’s cheaper and less crowded most times. And like you said going to the store on Monday and not the weekend is fantastic. There are many advantages.
Totally agree. I was started planing our travel for the next several months. We avoid weekends and have had great luck going places in the “off” season. December last year we went to a National Park where we were the only car in the parking lot at the trailhead. So great. Thanks for the comment. It is good to hear from people that are a couple of years ahead of us.
I retired 12 years ago at 50, next month I get my first Social Security check!! Right after we retired we bought the worst condo on Maui closest to our favorite beach (Napili Beach) and completely gutted it and then remodeled it. We spend 6 months in the summer on Maui and 6 months skiing in Tahoe. We downsized to a 1 bedroom condo on Maui and a townhome in Tahoe. We drive 10 year old Toyota cars and shop mostly at Costco. The wife gets bored so she does work part time and that pays for our health insurance. I do a little handyman work around our neighborhood, maybe a few hours a week max. Aloha!!
I know that beach. We used to go and stay at the Hale Napilli every year for Christmas! Enjoy! A great spot and happy place. Lot of kindred spirits making notes on this video. A rare bunch of like minded individualists.
@@Rottingboards I did get certified on Maui but I mostly snorkel, I can walk down to Honokeana Cove in a few minutes from my place. Some of the best snorkeling on Maui.
I retired at 57 wife went at 50 .... we too planned like crazy. 71 now - no regrets I think we have more money now than when I was working! ANYONE can do this - avoid debt, bump your savings, and manage the heck out of all of it.
We couldn't agree more with you! It's a 100% mindset. We wasted so many years not thinking of retirement and that was a mistake. The earlier to start the better!
Yes, and there is also a mindset need for late starters. These folks may not end a huge pile of investments, but anything is better than 0. Just turn off the noise and keep living differently from what the world tells you
Congrats. Your info is spot on and exactly what I did to retire at 55. While my neighbors in my affluent neighborhood were driving, Audi's, BMW's, and Land Rover's, I kept driving my ten year old Trailblazer and Honda Civic. Could have called it quits at 50, but stuck around knowing that if anyone pissed me off, I would just retire. Enjoy!
That is a great way to do things. We have also kept our cars for a long time. It is great when you get to the work optional phase. Thanks for commenting
David, unfortunately some people just can’t be happy for others. I’m 54, empty nester and would love to retire at 58. I’m going to do all I can to make it happen!🙏🏼🥰✨💃🏻
I'm in a similar situation. It's odd - my early retirement has now become my identity. It's all that OTHER people talk about when I get together with friends in social situations. And I can fully relate to your comment about being able to do things like going to Costco during off-hours. It's wonderful!
We're retiring next year at 55. The most common statement we've gotten is, "You're too young to retire!". Currently planning a trip to Ireland as soon as my wife retires..... Great video, David- as usual.
I say you are never too young if you set yourself up financially. And most who do have gone without many things others chose not to go without. I know I would prefer to go without so I don’t have to work forever. It’s time to live.
Those three years will go by fast. I made sure to take all my PTO the last three years before layoff and did some great trips while still having a paycheck and insurance. It was nice way to practice retirement
@@davidnprogress 1. Time is more valuable than money. We haven’t once regretted our choice to make less money and have more control of our lives. 2. Better control of our time has led to a much healthier lifestyle. We are able to prioritize regular exercise and a healthy diet.
Retired 3 weeks ago at 54, super happy so far! . I gave an extended notice at work and it was funny to you tell about your experience! I heard. Mostly that same from people! Many of them I had worked with for over 20 years. The 2 people who were most interested in how I did this shocked me. I was not overly close to either one but we worked closely once a year for 10 years during ACA reporting season. I ended up having over an hour long conversation on how I did it and things they might want to do. Everyone else; was a mix of, good for you, I’m jealous, complete disinterest or the what are you going to do about health care. I like your comment on its a mindset + action. So True! If you want it bad enough, you can make it happen!
Three weeks ago? That is terrific. I do think it takes several months to make the transition but things smooth out over time. Thanks for this great comment
I just retired in July at 57 and have had all of the same reactions that you have. My favorite is "It must be nice!"... my reply...."Yes, as a matter of fact, it is!". I had a beer with an old co-worker of mine recently and his first question was "Are you bored yet....ready to come back to work?". Not exactly sure how I can get bored when I am doing exactly what I want to at any given moment of the day. 🤣 He also mentioned that he is planning to retire at 60 in 4 years but when then started to ask very simple, basic questions about accessing money, 401K, HSA, investment accounts....completely amazed me. He has a wish to retire at 60, but no real plan in my view. Seems like a lot of people don't understand what you said: it doesn't happen over night or only if you win the lottery, Retirement (especially early) takes years of forethought and planning. Thanks for the great videos David and keep them coming. And I hope you stay healthy!
Whenever my son would tell me he was bored, I had a standard response, "Only boring people get bored. What kind of person do you want to be?" I give myself that same pep talk whenever the word creeps into my mind. There are plenty of things to do and many ways to still bring value to the world. I always appreciate your comments and help the retirement is going well.
I just stumbled on to your videos and I found someone that’s saying what I’ve been thinking for years! I just turned 50 and although I can’t retire yet (and I’m not sure I’ll ever classically retire), I’m on track to do what you have done following your same principles. You’re right that anyone can do it👍
Thanks for stumbling! It is good that you are on the right track. I think financial independence is the most critical part. Working is more of a joy when it becomes optional
Retired at 58 a couple of weeks ago, I agree that it is a long term plan that gets you to this position. It doesn’t just happen and I have been planning it for 20 years
@@davidnprogress Time to spend with my wife, hobbies to pursue and new skills to learn. I plan to lose a bit of weight and exercise some more as health is everything
Just a month ago? Now the fun kicks in. I do think it takes some time to get into a new routine. Best of luck to you and drop back by later with a comment on how it is going.
Retiring in 52 days at 58 Yo. Still love my job but it is time for a change. I will not miss the grind of having to present yourself every day of the week.
@@jeffwhite3021 I appreciate your curiosity. So here it is . I spent 30 years as an IT engineer in a multi National Mobile network provider. At the end of this career , I have been heavily involved in the construction and management of a large Datacenter (45 MW). It was so large and so expensive that they laid me off with a severance package at 52 (with about 100 other co-worker) On Month or so later, My old manager had found a new job for himself. He called me in for a position of Data Center Manager in his new organization. At the time, I told him I can do it for 2 year. Now here I am 6 years later , I finally pulled the plug and sent in my retirement letter to HR. I am planning on RVing throughout North America and visit all National Parks
@@jeffwhite3021 Strange, I did reply but I do not see my reply... Any way, here it is. I have been working for 30 years in a large Multinational Mobile telecommunication equipment provider. I have done a variety of tasks from IT support to Mobile phone system development. In 2016, I was heavily involved in a large Data Center ( 45 MW) construction. The site was impressive and expensive. So much so that after just a few month, the company closed the site and laid me off with about 100 of my colleges. I was then 52. A few month later, my old manager found an other job in the same field and hired me right back. At the time I told him I would be working for an other 2 years. Fast forward to today, I am now 6 years into this Data Center Manager position. I have finally decided to pull the plug to retire on Dec 20th 2024. It is a mix of joy and fear. I am pushing myself as I do not want to spend my best physical years in exchange for money I do not need.
I retired at 56 this past June, I get all the same reactions you described. I’ve spent my whole life living within my means, keeping out of debt, and having a plan to save and sticking to it. This is what I always respond when I get the “how’d you do it” question. The biggest misunderstanding about money is that it’s not how much you make, but how you manage it. I know so many people who make a lot of money, but are in debt up to their eyes.
Good luck! I was so excited to make it to 55 and know starting then that work was optional. A big day. Keep plugging alone knowing that your plan is taking you somewhere awesome. Thanks for the comment
The lack of curiosity always floors me. I'm all-ears when somebody who seems to know more than me offers me advice. In all of my years talking to friends about retirement and personal finance, only one has ever bothered to inquire further. I don't understand it...free advice. I feel like many times the advice I'm offering up is advice they know they can't apply themselves so they just don't bother asking questions or taking action.
Great video, thank you David from the UK! I think I am a bit behind you, but following your similar journey. As I approached my 49th birthday I suddenly realised 60 wasn't too far away! Since then (3 years ago, 51 now) I have been shoveling cash into savings and pension. At your age, 56 I will just about be able to retire. But the challenge I can foresee is how do I reconcile between retiring and giving up such a big salary! A friend once said to me "there is no time in between it being too early and too late" - at the time he was referring to having kids. It helped me make that decision to have them when we did, and I am glad we did. I wonder if you gave the too early/too late conversation with your wife?
Greetings from Oklahoma USA. My wife and I have been great partners through this journey, although I am sure she would say I talked a little too much about early retirement over the years. She is not much into finance, but we met once a month to review our spreadsheet, and that always has sparked a good conversation about the future. I am a state 4 cancer survivor, and that certainly helped us both be on the same page about retiring early. We both had parents die at a young age and this helped us both appreciate living without regret.
I have also retired at 56 in Jan 2023. I have the same reactions. We started with $800 in 1986 and lived below our means. No inheritance or help along the way. Just worked hard and saved what we could.
@@davidnprogress LOVE IT!! I drive by my old place of employment just to let it sink in that I am retired. Love riding my bicycle on Iowa deticated trails. A flower's bloom lasts longer now. I didn't know I had so many work pressures. My wife and I look at each other on a weekly basis and ask, "Are we really retired? Just think...we will never work again..." Will it ever sink in???
I knew of a guy who retired at 38 and he chose to stop telling people because frankly, jealous people are dangerous. He wasn't super rich. He had built two houses, one to rent out and one to live in. And a modest portfolio. He was happy to eat well, live simply, and pursue hobbies.
That is a good story. Too early for me, but people, myself included, tend to project our life expectations into those of others. There are many paths to a happy life.
Good idea as it could provide time to figure out your narrative as far as what to say. Someone asked my wife about it just yesterday when I was with her. She smiled and taking about the days of the week she volunteers, does art, and the travel plans we have.
I’m 57 and very close to financial independence. I’ve been also been planning for years. I don’t want to retire however, but having the independence is my goal. As long as you enjoy what you do, the retiring part is not important.
I always planned to retire early and finally retired in May in the UK at age 57. The only person to congratulate me was another older friend who was already retired. Everyone else looked slightly horrified with the most common comment 'but what will you do'?!. I can think of 1000 things I would rather do than sit at a desk working!
I could have made this video. I retired at 56 and had much of the same reactions and comments. The funniest one I would hear many times over was “you’re too young to retire”. We (wife and I) handled our finances the same as you have noted, and met with a financial advisor when we were 50 years old. We are now both 63 and haven’t regretted it for one minute.
I hope to be there (retired at 55). I am 44 now. Started saving / investing at 20 years old (2000). Portfolio millionaire at 39, crossed 2M of portfolio value in January of this year (24 years of saving) and the goal is to have 5M invested at 55 and retire. 400k house is less than 2 years from being paid off. No other debts. Married with 3 kids but only a single income household. Just like you said, live below your means and save! It’s not an accident!
You have done a fantastic job especially with three kids and a single income. The power of compounding is wonderful. Thanks for watching and the comment that will encourage others to
@@davidnprogress I had never seen your content before but when I saw the title I said “that’s when I want to retire, let’s listen to this guy”. Thanks for sharing as well.
Retired at 56. almost 2 years later I have not woken up one morning thinking "what am I going to do" or I wish I was at work. I've been an RN for 31 years in critical care and ER. Enough! I don't need to go to work every day and deal with all the heavy stuff that I have dealt with for years. I have coffee with my wife in the morning and play the rest of the time. Plenty of dough to make it through the rest of our lives without worry, and leave some for our only child. That's what it's all about
The impact of fees on retirement savings is something most people do not understand. Thank goodness for Vanguard and how it changed things for everyone. Congrats on your early retirement.
The reaction says a lot about the people you know from their reactions. I retired at 49 in the UK, and my wife at 51 and nobody has reacted any differently to before. Money and circumstances have never even been mentioned.
@@davidnprogress I totally get what you’re saying. The part about taking time off is common place in Japan too. So glad I took no part in that Sort of culture. I wish you are healthy retirement and opportunities to make the absolute most of it.
Great video and congrats to you..... I am on track. I am already semi-retired at 52. I will fully retire at 55-56. I currently have scaled back my work schedule to travel in the winter time. I actually haven't made too many sacrifices other than I stayed single, never marrying and started with the end in mind a long time ago. My budget has been to save about 40% of my income, everything after that I can blow and that has been my mentality for the last 25 years. I actually got addicted to saving. It all started with $1000 and I never make impulse purchases for anything over $100.
Much appreciated! Homesteaders? Now, I am sure that would make for a fantastic TH-cam channel. My 85-year-old father-in-law is from a family of Czech immigrants who came to Oklahoma for the land run. His stories about growing up on a farm are really something
I retired a year ago at age 54. And I just love being retired. I worked very hard for 30 years and had a good paying job. But the key is we saved/invested diligently. And we’ve lived well at the same time (we invested a lot in a very nice home, but also fun family camping, sports, occasional vacations, kids in college, etc) - but we were always very careful and strategic with spending. I’m shocked at the reaction I get that I’m retired. I sense a lot of envy (and people are perhaps sad about their financial situations). And the really surprising thing is they don’t ask “how did you do it?” They just keep grinding away at their jobs and they look exhausted. I’m teaching my kids to work hard at school and their careers (invest in yourself first) and then be sure to save/invest (low cost diversified ETFs) a good portion of their earnings - and have fun with the rest.
Just turned 56. Retired from the Navy, retiring from Federal Service next year. Just dropped my paperwork. So very much looking forward to it. Pensions plus savings have put my wife and I on the track to enjoy our remaining years.
Sorry to hear that "must be nice" comment coming from others. I had a person I was very close to who knew how much I had tried to pay of a very significant bill over the years and finally reached my goal and their response was "must be nice." I realized that they were not the type of person I wanted to be as close to as I would have responded with happiness for them in the same scenario. It changed who I surrounded myself with in my close inner circle. While I still remained friendly with that person I decided that it wasn't going to be the same energy put into that relationship as I had prior.
Much of our success is influenced one way or the other by the attitudes of those around us. It is great that you recognized this and are finding better ways to direct your energy.
Both my wife and I retired at 57 so 4 years now. We’re in Scotland and apart from the health care (we have our NHS) your video is absolutely spot on. 30 something years ago we got great financial planning advice when and advisor that was saving us money on our monthly mortgage payments (remember those 2 year deals) said what are we going to do with the saved monthly money. He suggested putting some of it into stocks and shares ISAs. We did, we also have good private pensions lived within our means, don’t get me wrong we have enjoyed our lives before retirement we just made sure we didn’t have debt and if we wanted something we saved and got it. Not topping up mortgages when moving house and staying on our original 25 years plan also helped as we were mortgage free at age 47. So there you have it 2 private pensions and a tax free income from our ISAs and we’re living the good life.
We are in a similar boat as you (early 50s and still working), but have not debt (after paying house off in 18 months) and in a few years will have 25x income in investments. We have focused on financial independence for about 25 years and just about there. I found that even the people who are curious, don't believe it's that simple and honestly, they are not willing to do it. i.e. save, no debt, divert some of your paycheck for safe investments. I have also had some health issues and had preemptive discussions with some of my friends and tell them i may retire in about 3 years or so...i get the same reactions 🙃 love your channel!
I still get blown away that we were able to save so much with so little effort and income. Just the simple investing over a long period of time and focusing on low expenses. I think the mind has trouble believing it could be this way. Good luck on the health. The heart issue I have was such a surprise. It makes me even more thankful for the decisions we made 20+ years ago.
I’m so glad I found this channel. I’m 52 and I retired at age 48, although I didn’t know I was retired at the time. At 48 I became unemployed and we took drastic measures to cut back to survive. We(wife and I) hyper focused on our investments. Then, I started to really like a simpler lifestyle, so we went all in. We went drastic. Sold the house. And sold almost everything we owned and invested it. Clothes & shoes & things we had 10 of! It was Ridiculous. The more we cut back the freer we felt! And achieved financial escape velocity during that time. Reduced expenses + increased investment education = freedom. Thanks for sharing your story!
I am 59 and very close 1-2 years away now from retiring. Unfortunately we didn’t plan on the massive inflation for the past 4 years, but still in amazing position to go now if we wanted. We both worked our butts off and basically lived on one salary and banked the entire other salary for almost 40 years. I super identify with your comments as the most common reaction we get when we share our plans and situation is the “Must be nice” comment, and I am pretty brutally honest with my response and say Ÿes, it is very very nice, but that is what happens if you actually live below your means for that many years.” We are both active in our local Church and hope to teach younger families to do exactly what we have done to have a fulfilling and enjoyable life. At least the ones who want to actually learn and prosper.
Nice work to have had the discipline to save over so many years. I do think it is important to pass things on by encouraging and teaching others as you plan to do. Being 59, you are very close to SS as an extra cushion and I am sure that will help as well. Thanks for the nice comment
I was laid off for budgetary reasons when I was 51 with almost 27 years in. I took early retirement with a pension. I had paid off my mortgage in 2006. I am now in retirement for 7 years. I did get a melanoma in 2023. One thing you need to budget for health care. The wide area excision with flap surgery cost 15,000 to the insurance company and I paid another 2,200 for deductables and other costs.
Medical is always the wild card. I was also a melanoma survivor with stage 4 cancer in my lymph nodes 26 years ago and then a tiny spot on my face just last year. Best of luck to you, and congratulations on your 7 years of retirement. One dr has said the treatments from back then could have contributed to the heart issues I have now.
Great message. I agree. Early retirement doesn't just happen. It takes years of planning and saving with intent. My husband and I know that we are 7 years away from retirement.
I totally agree about the lack of interest in how I retired at 59. I even offered free consultation as a retired CPA so others might benefit from what I learned. Only one person took me up on the offer. I think most people don’t want to discuss their personal finances.
Personal finance is a taboo subject for sure. That has been once of my motivations for this channel. I figure with a billion people on TH-cam, there has got to be someone out there that will make some changes after hearing from regular people. I know it has made a difference for me. How has the retirement life gone for you?
@@davidnprogress It’s been fantastic, thank you. I retired last year and have never missed working. I didn’t fully realize how stressed I was until a few months into retirement. Now I’m running a ton and enjoying my freedom and my grandchildren. Life is good. I suppose the biggest eye-opener was realizing how unneeded I was at my old place of work after leaving. Some of that has to do with how much time I spent training my replacement. But the reality is none of us are irreplaceable.
Trying to make it happen in 5 years at 57? I feel like I am on track to do it. My plan does not have me fully retired, but leaving my current field, software development, to return part time to my previous career, architecture. Laying some groundwork for that shift right now.
You have some amazing skills to be able to develop software and also be able to do architecture. I did do a career shift in 2019 as part of my early retirement strategy. Moving to HR was a demotion technically as it was a step down from being a manager. It gave me more freedom to take PTO and it was great to take on a new challenge. You have a good idea with the PT work.
I am still working on my response. The reactions have changed dramatically now that I have the health challenge. I am so thankful to have this time that is not locked into days in a cubicle
I’m turning 57 next month and I plan to leave at 59. It can’t come soon enough. My wife and I live humbly and are debt free. I have goals for my HSA and Roth to achieve or I’d be gone tomorrow
My father retired early at 52, 18 years ago. He worked for the same company his entire career and that offered a decent pension. He also invested in a Roth IRA or a taxable account which he used as a bridge until social security kicked in.
Retired fully 2 years ago at 59! I have 2 retirement pensions and was forced on SSDI! Wife is older and is receiving SSA! We make about 6600 a month and bills total about 2500 and that is after buying our retirement house in the sticks and a brand new cheap SUV!!!!
I retired at 56 and some of my relatives said you can’t do that. You’re not 65. I laughed. I got all of those reactions as well. I was lucky enough to have company subsidized healthcare. My sister and brother hated me years ago telling them to save something in their 401ks and IRAs. They would get red in their faces.
After working / saving hard for 35 years I retired last year at 55. I'm very happy that I could do this and still consider myself lucky to be part of this "small club" although I did make my own "luck"! 😉 I'm also surprised that nobody I've told has asked HOW I was able to retire. It was a combination of all the things mentioned in this video, basically living within my means and not spending money I didn't have. I get a variety of different reactions and I now try to avoid the topic since it seems to be such a sore point for many people.
35 years of consistent saving leads to the wonder of compounding. It has been shocking, really, to see how things grew over the years with so little effort. If only everyone knew and also took action to save just that 10 to 15% over their lifetime. Congratulations to you.
One year to go ... I will be 57. Single mum to 3 grown up sons who didn't miss out on anything (especially funding their elite sports costs and that was a lot but a choice I was happy to make) but we certainly lived below our means. No 'packet' stuff in lunches, second hand clothes where possible, second hand cars, using things til they were worn out. Saving as much as possible and working 50+ hours per week. Nearly there, whilst my sons did notice that they might not have had everything their peers did at the time, they now recognize the sacrifices our we all made to get to where we are today. They are proud of me and say to me often ... "you earned this mum" (and I did) I dont care what any one else thinks!!
Secret..... I'm currently on vacation and when I get back to work I am giving my 90-day retirement notice right before my 56th birthday. It all became possible when I became calculated and deliberate in avoiding debt, saving at a higher rate and definitely living below my means.
Spot on observations. Live below your means, get out of debt, plan ahead. I retired at 54 just as the pandemic broke out. Started saving hard in 2005. Free at last!
Just gave my notice to retire at 55 - feel like the weight of the world came off my shoulders. Smart and steady investments over 35 years gets you there. We did it on one income and you can too!
I'm there at 53. Just cut back to part time so I can do the parts of my job that I enjoy and I let the rest go. I'm getting a lot of the same reactions.
I retired “early” because my corporate culture didn’t allow me to utilize my vacation days in a way to do my bucket list activities. After the two big bucket list adventures were done I did go through a period of wondering if I had become “lazy” for preferring to be biking, hiking, or paddling instead of resuming my career. But one day I was reviewing my earnings history on the SSA website and realized it wasn’t some it was all of my 42 year career that I worked ridiculous hours. Most people consider 30 years a career. I had started young in a skilled trade, advanced quickly, and added to my education. I didn’t aspire to a c-suite but had a varied middle management career. At 42 years I was 58. I realized if I had a so called 40 hour job it would have taken 6 decades to have worked as many hours as I had already worked. That very moment I realized that I had worked more than my fair share. Since I had never lived above my income money was not a decider. Being a vegetarian and exercising regularly got me through those four decades in good health so I am capable of doing the things that toxic corporate politics hadn’t allowed time for.
It sounds like you have a great life enjoying the outdoors and being a healthy person with skills. Now, every day is a bucket list day! What has been your favorite bucket list adventure?
I have been keeping my debt and expenses low for 3 decades despite salary jumps. Instead of splurging on cars / condos with my savings, I invested them. That's my simple not-so-secret formula to early retirement. I have been tracking my expenses, income, dividends etc since iPhone 3. I know exactly what I spent on and when, and that helps me project my cash flow needs into retirement yewrs. Everyone esp. young people should do that.
I retired at 47. The wifey plans to retire at 58. I focus A LOT on fitness & health after a health scare during Covid. My advice: live your life and ignore what (most) people say. Others will argue for their own limitations for the most part, and are not interested in learning. At 50, i want to get a language degree and learn 4 languages. I recommend finding something to work toward and to set a goal that may or may not be unattainable. This is what drives me (i.e. the curiosity as to whether or not i’ll succeed at a lofty aim).
I get the same reactions from people. A few have made snarky comments to express their disapproval. I saved and invested so that if I lost my job,I’d be covered whereas they likely didn’t.
I had motivation as well due to the many layoffs I experienced over the years. It was always interesting to try and help the super stressed by encouraging strategies to be better positioned for the next big exit. One good news is that everyone seems to eventually land a new and often better job
55 is my target date. I pay off my house next month, then I'm going to double my retirement savings. 7 and a 1/2 years to go and if the market cooperates I will absolutely make that happen.
We were never able to max out the 401K or anything else until paying off the house and turning things up starting in 2017. Luck helped as well with the great stock market returns during that period. Good luck to you!
I'm 59 and when I talk about retiring to some of my friends they seem to get a little mad. They always ask what are you going to do? Seems like our society places too much self-worth in job titles.
Love your videos and honesty David. Did you use a financial advisor? Or at least bring your plan to one? I don’t like the idea of AUM but I’m willing to pay for a CFP to check my plan. Any advice?? Thanks and congrats on your retirement 🎉 anniversary
We met with what we thought was a financial advisor early in our marriage but really he was just an insurance salesperson. After canceling his whole life policy, we just concentrated on saving simply through the 401K and mostly in low cost index funds. I think people in a complicated situation may benefit from an advisor. No need for us while accumulating due to our simple situation. I do meet with a Fidelity advisor that is free once a year. He mostly just helped with filling out the retirement planning tool which is online and great. Now, I will say that early retirement with navigating the ACA, managing taxes, doing ROTH conversions and more does feel complicated. I have considered using a fee based person just to look over things and improve my confidence. I am still on the fence about this option.
I’m 48 and on track to retire as early as age 50 and absolutely no later than 54… people always tell “why retire at age 50 you’re so young?” I reply by saying that’s the point, retire young and not old and busted up!
I’m on track to get there by 55. If i can sneak a few more years of 401k contributions and match and make 57-58, that’s it. I also have a dedicated savings for paying healthcare premiums I may access on the healthcare market.
Your video is my story too. "Must be nice." "What are you going to do all day?" Society isn't accustomed to seeing"early" retirees. It's not most people's reality, so their thinking hasn't caught up to my lifestyle. It's a great problem to have. I believe in the get rich slow method, that and a fair amount of luck.
Thanks Mary. Slow and simple seems to be the best way for most of us. And yes, a lot of luck as we have been blessed with a great stock market return the last many years. Good luck with your early retirement
I think could now at 58 but with health cost I stay working maybe up to 65. So knowing I could retire allows me get through the day at work with a smile. I can work remote whenever I want and have retirement place setup now. My attitude at work is completely different than 4 years ago. If you can’t seem take the leap, see if you get yourself ready for it and get your mind in a retirement state of mind.
This is an excellent comment. If you like your job it is okay to make the choice to stay. Just enjoy it even more knowing the job is optional for you now
Hi David I retired 03-24 at age 54 after working 34 years at the same company I started adding money to my 401k as soon as I started in 1989 with the Great advise of a older coworker that was about to retire I also had a pension that they discontinued n 1997 which is a nice chunk of change I also have my husbands health insurance he plans to work another 10 years we can also live off his income only most people are Happy for me and always say Iook so young I’m so happy I walked away
34 years is a long time in one place. I do know several people whose spouses are still working. Sounds like you are both living the life that makes you happy. Very nice.
I was fortunate and retired from my job at 50. I have had some nasty comments through the years. Like you said, their face says it all. Here’s the thing though, I did retire but we have flipped 4 houses and I day trade. So, I have a few side hustles.
51 and planning on retiring at 57 when the 2 kids are done with college and us paying for it. Years of buying used cars and me always getting my wife’s old car and me working on them (I am not a mechanic). Still living in our (payed off) starter home. We have been living on 2/3 of our income and saving/investing the rest. Currently our investments make more money than us working (“money makes money”). Every year we work is another $2k a month of more income at 57 on. *I mentioned on planning to retire at 57 to my older doctor (67 years old) and his immediate response was “you do not deserve to retire.”* We live comfortably on $70k a year (which is easily covered by a pension yet alone getting SS and never tapping into our current $1.3M retirement investments) even though our retirement income will be easily over $200k a year. *This is all planed years ago by a high school drop out (me) with $0 dollars to my name.* in my 20s when needed more money to pay my bills a went and got a second job.
You have done everything right and are proof that it can be done. We also paid for our son's college and that was a big burden lifted when it was over. No regrets about having done so.
I also retired at 56, coincidentally. I live in southern California where there are lots of tech people who are able to do that. So, it didn't raise eyebrows. I'm 63 now. What DID raise eyebrows was a few months ago when I married a gorgeous woman, 31. Life is good, y'all! Lol!
I'm 54 & plan on retiring early next year, as I'll be able to invoke the 'Rule of 55' at my current job. It'll be interesting to see the reactions of others, now that you've pointed it out. To me, it sounds like many of those who either commented negatively, or not at all, did so out of pure envy/jealousy. I find people to be funny in that regard. People in this country mostly just want to follow along with normal societal practices, and look down at others who don't conform to them. I also laugh at how many coworkers of mine seem to be workaholics, and appear to be driven by pure greed. I feel like if you've got the cash to do so, why wait? Like you, I have been smart with my money for my whole life, and can afford to retire early as a result - I can't wait!
Congrats! The "Rule of 55" really made a difference in our mindset. So thankful that I learned about it in 2017. Good luck with your 2025 year of freedom
I’m 56 and retired last year. We made conservative financial decisions DAILY for 30 years. We always lived on a strict budget. We own our house, 3 kids out of college with no debt. I do what I want. I’m a new grandfather. I’m a runner. I’m a cyclist. I’m a lawn care guy. I’m a plumber. I’m a painter.
That is an excellent list of jobs you have there.
I'm a Joker , I'm a smoker I'm a midnight Toker
You run, you cycle, you take care of a lawn, and you do plumbing. But what do you do for fun and excitement?
@@garth217 same, and retired!
sounds boring... living every day on a strict budget. i agree you must budget and save... but u only
live once and im going to splurge and enjoy
life...
I got this reaction earlier this week. I ran into a former vendor at lunch, and he asked me what I was up to. He looked shocked when I told him I was retired and having lunch with my wife. It wasn't like he was jealous or upset, it was more like he was confused at how I was able to pull it off. It's a wonderful life, if you are prepared for it.
Wonderful indeed
Yes, the reactions of people are always interesting.
absolutely I'm 59 and turning 60 soon. I got laid off with a bunch of other people at my firm. I was a little down (for about a day) because I was one of those people who did the right thing over the last 30 years. I'm now retired and love it. my assets being supervised for 8years plus has impacted a lot of exposure in nest egg (in excess of 2.8m), I say that because over those 30 years I was a personal finance junkie and listened to all my mentors (John Bogle, Warren Buffett, David Bach, sometimes Dave Ramsey) haven't spent any of my 401k, Roth IRA, or brokerage cash account. My SS and pension is so far adequate to meet my expenses. I don't want for anything, anyway. My kids will get my swag.
@@timcoady7095 I got laid off twice in my last two years of work, which led me to retire early. Best decision ever.
Cheers tim I love your viewpoint, I need a way to get ahead of my expenses and create more revenue exposure, I know for a fact that there's a lot of people that simply don't make enough, I make roughly hundred plus a year and in California, rent inflation alone eat up almost all of what I make, with dependents and other obligations included, it's easy to end up with zero. however it’s a good time to add to existing asset holdings as follow -on opportunities how did you go about touching base with yours, kudos on your growth so far.
My dad retired at 53. Was on the #1 tee box and was told “you need to be at my work!”. I plan to follow him and retire around 55. Thanks for the great example mom/dad.
Nice that you have had a good life example to follow
I retired at 56 8 years ago. Spent the first year of retirement planning and riding a 16500 mile solo motorcycle trip around the U.S. and Canada. Never looked back!
That trip sounds incredible! Especially the courage to do solo. Are you still riding and exploring?
@@davidnprogress No more riding for me. Knee, shoulder, prostate, eye and ear issues. That was a bucket list adventure ride and I'm glad I did it immediately after retiring while I was still physically able.
@@larryC1070 is an excellent example of going for things and not waiting. Good luck with your health!
Wow! Impressive. I just retired at 57. Wanna do that kind of thing.
I'm 54 I'll retire hopefully by the time I hit 70 smh
Retiring next Spring at 57 and cannot wait. Happy simple life!
The simple life can be the best life. Congratulations on your upcoming freedom day
Retired last year at 51. You are spot on. I experienced many of the same reactions 😢. Surprising!
Hey there. Thanks for the comment. I checked out your channel and subscribed, great work! I look forward to watching a lot of your videos
I retired at 55 and feel like many people just hate it. I spent years working 7 days a week and saving, so i deserve it. I say keep it to yourself whenever possible.
Congratulations on retiring at 55! You worked hard and earned this.
Interesting point about keeping it to yourself. I get tired of explaining it to people. I'm just not sure what to say yet when anyone asks what I do. I'm newly retired at 57.
@@tonytony2546 I just tell them I'm in between jobs.
Yes after 10 months of retirement at 56 I think this might be the best strategy. Keep it to myself and tell them I'm a handyman. 😄
@@davidnprogress Boobyt might be onto something. Keeping the fact that you are retired might be best? Safety, Hate, and Jealousy.... Interesting topic...
Great video! I experienced the same reactions as well when I early retired at age 50. Not many are curious.
50? That is terrific. How many years have you been retired?
Great video.
My wife and I have both just retired in the last 9 months, both at 57. We planned to go in December 2024 for many years after 35+ working years in IT and a ton of personal strategic planning steps including no debt, helping our kids get educated, and always living within our means. It never felt like a sacrifice because we could see the plan evolving the way we wanted, each year. The other key thing we learned 15 years ago was to also make sure we were as healthy as possible so lots of lifestyle changes in our mid years. So far retirement is great but we are realists so we know the contingencies we built up are still the right thing to maintain.
I do chuckle when my (still working) 65 year old brother in law asks “are you going to contract yourself out or find another job to keep yourself sharp?” My routine includes woodworking, gardening, running, cycling, swimming, volunteering and managing our household books. That’s sharp enough for me.
Have a great retirement!
IT is a stressful career. Do you watch @hopetoprosper ? you will love his channel
it's not a bad question though. I had some family who retired very early and one of them is starting to struggle with early dementia. I truly believe that if they had been working the dementia would have been significantly delayed.
@@christinejunk8184 - and how are the others doing?
@@davidperry6716 They are doing fine actually but not as far along financially as I am so perhaps that's why the reaction when I met my goal. I was not expecting that at all as my reaction would have been happiness for them.
@@davidperry6716 Sorry I think I answered a different question by mistake. One is doing great and very fulfilled and the other is bored and the third that I mentioned has some early dementia. There's something to be said for keeping one's mind sharp with daily challenges for the brain. I am able to retire early in my 50s but after seeing the 3 who did I decided to keep going until 60 as I am ok with my job as it is one that helps others.
56 and retiring next month. While everyone around me was enjoying their pay raises and spending more and more, I increased my savings with every pay raise and lived below my means for the past 25 years. Fortunately, I don't care what others think of me.
Nice work to have avoided lifestyle creep. That is a critical thing for reaching FI
Respect I have been on The same path nearly There 56 now 58 IAM done
Yes, that is the way I also did my raises. If you add them to your savings then don't use the extra money.
The same story here bro
Retired at 55 two years ago and love it. It’s nice taking a trip especially going away during the week when it’s cheaper and less crowded most times. And like you said going to the store on Monday and not the weekend is fantastic. There are many advantages.
Totally agree. I was started planing our travel for the next several months. We avoid weekends and have had great luck going places in the “off” season. December last year we went to a National Park where we were the only car in the parking lot at the trailhead. So great. Thanks for the comment. It is good to hear from people that are a couple of years ahead of us.
We hear you. Retired before 50 and don't tell unless asked. Thankfully 90% are too into themselves to bother asking.
It is wonderful to be the unicorn. Nice job being able to leave full-time work before 50. That is terrific.
I retired 12 years ago at 50, next month I get my first Social Security check!! Right after we retired we bought the worst condo on Maui closest to our favorite beach (Napili Beach) and completely gutted it and then remodeled it. We spend 6 months in the summer on Maui and 6 months skiing in Tahoe. We downsized to a 1 bedroom condo on Maui and a townhome in Tahoe. We drive 10 year old Toyota cars and shop mostly at Costco. The wife gets bored so she does work part time and that pays for our health insurance. I do a little handyman work around our neighborhood, maybe a few hours a week max. Aloha!!
"Having fun and enjoying life" It sounds like you have cracked the code indeed!
@@davidnprogressgoing to play ice hockey today!
Maui is one of my favorite places in the world. I love the scuba diving. So glad someone made it happen at 50! Wonderful..
I know that beach. We used to go and stay at the Hale Napilli every year for Christmas! Enjoy! A great spot and happy place. Lot of kindred spirits making notes on this video. A rare bunch of like minded individualists.
@@Rottingboards I did get certified on Maui but I mostly snorkel, I can walk down to Honokeana Cove in a few minutes from my place. Some of the best snorkeling on Maui.
I retired at 57 wife went at 50 .... we too planned like crazy. 71 now - no regrets I think we have more money now than when I was working! ANYONE can do this - avoid debt, bump your savings, and manage the heck out of all of it.
Great advice
We couldn't agree more with you! It's a 100% mindset. We wasted so many years not thinking of retirement and that was a mistake. The earlier to start the better!
Yes, and there is also a mindset need for late starters. These folks may not end a huge pile of investments, but anything is better than 0. Just turn off the noise and keep living differently from what the world tells you
Congrats. Your info is spot on and exactly what I did to retire at 55. While my neighbors in my affluent neighborhood were driving, Audi's, BMW's, and Land Rover's, I kept driving my ten year old Trailblazer and Honda Civic. Could have called it quits at 50, but stuck around knowing that if anyone pissed me off, I would just retire. Enjoy!
That is a great way to do things. We have also kept our cars for a long time. It is great when you get to the work optional phase. Thanks for commenting
Turning 56 in December and hanging it up too at the end of the year! Good video!
Very nice! December will be here very soon. What is the best thing you have done to make this possible over the years?
David, unfortunately some people just can’t be happy for others.
I’m 54, empty nester and would love to retire at 58. I’m going to do all I can to make it happen!🙏🏼🥰✨💃🏻
These next four years will fly by, and it is a good amount of time to prepare. Good luck to you!
I'm in a similar situation. It's odd - my early retirement has now become my identity. It's all that OTHER people talk about when I get together with friends in social situations. And I can fully relate to your comment about being able to do things like going to Costco during off-hours. It's wonderful!
Sounds like you might also be a good influence on those around you who are willing to listen. Thanks for commenting
We're retiring next year at 55. The most common statement we've gotten is, "You're too young to retire!". Currently planning a trip to Ireland as soon as my wife retires..... Great video, David- as usual.
That trip sounds amazing. For us, it was trips to National Parks and we are working on our 2025 plans. Good luck and thanks for watching
You are too young to retire comments will only come from those who are not planning their early escapes 😊
I say you are never too young if you set yourself up financially. And most who do have gone without many things others chose not to go without. I know I would prefer to go without so I don’t have to work forever. It’s time to live.
@@georginarowney946 Just do not forget to live along the way to your retirement. Every day can be amazing as you save for the even more amazing later
@@davidnprogress Thanks, David... safe travels and have a wonderful 2025!
I'm 57 and a half. Planning to retire in 3 years. I would love to retire now but just cannot afford it. I do envy people who can.
Those three years will go by fast. I made sure to take all my PTO the last three years before layoff and did some great trips while still having a paycheck and insurance. It was nice way to practice retirement
My Pops retired at 52 and hasn't worked since. He's 83 and doing quite well. I hope to follow in his footsteps when I retire next month at age 56.
Congratulations!
We retired three years ago. We were 46 and 49. People almost universally responded negatively and still do.
What is a relative response? 😎
@@Mr.T98765 Autocorrect got me. * People almost universally responded negatively and still do.
@@mactravelandfinance How so? Curious as I'm taking the plunge in a few weeks. Thanks!
That is unfortunate that so many have responded negatively. Three years into this, what are a couple of lessons you have learned and would share?
@@davidnprogress 1. Time is more valuable than money. We haven’t once regretted our choice to make less money and have more control of our lives.
2. Better control of our time has led to a much healthier lifestyle. We are able to prioritize regular exercise and a healthy diet.
Retired 3 weeks ago at 54, super happy so far!
.
I gave an extended notice at work and it was funny to you tell about your experience! I heard. Mostly that same from people! Many of them I had worked with for over 20 years.
The 2 people who were most interested in how I did this shocked me. I was not overly close to either one but we worked closely once a year for 10 years during ACA reporting season. I ended up having over an hour long conversation on how I did it and things they might want to do.
Everyone else; was a mix of, good for you, I’m jealous, complete disinterest or the what are you going to do about health care.
I like your comment on its a mindset + action. So True! If you want it bad enough, you can make it happen!
Three weeks ago? That is terrific. I do think it takes several months to make the transition but things smooth out over time. Thanks for this great comment
Retired nineteen years ago @ 55. No regrets.
I just retired in July at 57 and have had all of the same reactions that you have. My favorite is "It must be nice!"... my reply...."Yes, as a matter of fact, it is!". I had a beer with an old co-worker of mine recently and his first question was "Are you bored yet....ready to come back to work?". Not exactly sure how I can get bored when I am doing exactly what I want to at any given moment of the day. 🤣
He also mentioned that he is planning to retire at 60 in 4 years but when then started to ask very simple, basic questions about accessing money, 401K, HSA, investment accounts....completely amazed me. He has a wish to retire at 60, but no real plan in my view. Seems like a lot of people don't understand what you said: it doesn't happen over night or only if you win the lottery, Retirement (especially early) takes years of forethought and planning.
Thanks for the great videos David and keep them coming. And I hope you stay healthy!
Whenever my son would tell me he was bored, I had a standard response, "Only boring people get bored. What kind of person do you want to be?" I give myself that same pep talk whenever the word creeps into my mind. There are plenty of things to do and many ways to still bring value to the world. I always appreciate your comments and help the retirement is going well.
I just stumbled on to your videos and I found someone that’s saying what I’ve been thinking for years! I just turned 50 and although I can’t retire yet (and I’m not sure I’ll ever classically retire), I’m on track to do what you have done following your same principles. You’re right that anyone can do it👍
Thanks for stumbling! It is good that you are on the right track. I think financial independence is the most critical part. Working is more of a joy when it becomes optional
Retired at 58 a couple of weeks ago, I agree that it is a long term plan that gets you to this position. It doesn’t just happen and I have been planning it for 20 years
Just two weeks ago? That is awesome. What are your plans now that you have this new freedom?
@@davidnprogress Time to spend with my wife, hobbies to pursue and new skills to learn. I plan to lose a bit of weight and exercise some more as health is everything
@@JohnRamsor very lucky that we like our wives. I enjoy the time as well
Just retired a month ago, in my 50s. Love it. Thanks for sharing your experience.
Just a month ago? Now the fun kicks in. I do think it takes some time to get into a new routine. Best of luck to you and drop back by later with a comment on how it is going.
Retiring in 52 days at 58 Yo. Still love my job but it is time for a change. I will not miss the grind of having to present yourself every day of the week.
What field or job (if you don't mind sharing) are you retiring from?
So close! Congratulations on this big next step
@@jeffwhite3021 I appreciate your curiosity. So here it is .
I spent 30 years as an IT engineer in a multi National Mobile network provider.
At the end of this career , I have been heavily involved in the construction and management of a large Datacenter (45 MW).
It was so large and so expensive that they laid me off with a severance package at 52 (with about 100 other co-worker)
On Month or so later, My old manager had found a new job for himself. He called me in for a position of Data Center Manager in his new organization.
At the time, I told him I can do it for 2 year.
Now here I am 6 years later , I finally pulled the plug and sent in my retirement letter to HR.
I am planning on RVing throughout North America and visit all National Parks
@@jeffwhite3021
Strange, I did reply but I do not see my reply...
Any way, here it is. I have been working for 30 years in a large Multinational Mobile telecommunication equipment provider. I have done a variety of tasks from IT support to Mobile phone system development.
In 2016, I was heavily involved in a large Data Center ( 45 MW) construction. The site was impressive and expensive. So much so that after just a few month, the company closed the site and laid me off with about 100 of my colleges. I was then 52.
A few month later, my old manager found an other job in the same field and hired me right back. At the time I told him I would be working for an other 2 years.
Fast forward to today, I am now 6 years into this Data Center Manager position. I have finally decided to pull the plug to retire on Dec 20th 2024.
It is a mix of joy and fear. I am pushing myself as I do not want to spend my best physical years in exchange for money I do not need.
This was me four years ago. Retirement is the best. I have never looked back.
We (me @53 wife @51) retired. 10 years later now, it was the best decision we have ever made.
10 years ago? Congratulations
Great video, you are right on. Thank you. Simple should not be confused with easy.
Simple vs easy. The hard part is the mental tests of not messing things up and just let compounding do its thing over years. Thanks for watching
I retired at 47. Full benefits and pension. I love it!
That is fantastic!
I retired at 56 this past June, I get all the same reactions you described. I’ve spent my whole life living within my means, keeping out of debt, and having a plan to save and sticking to it. This is what I always respond when I get the “how’d you do it” question. The biggest misunderstanding about money is that it’s not how much you make, but how you manage it. I know so many people who make a lot of money, but are in debt up to their eyes.
Good point. Living below your means and having low expenses make all the difference
Thanks for the video David. I'm charging hard at making early retirement, i.e. ~55, a reality. It's always good to see one of your encouraging videos.
Good luck! I was so excited to make it to 55 and know starting then that work was optional. A big day. Keep plugging alone knowing that your plan is taking you somewhere awesome. Thanks for the comment
Good for you! Wish I would have thought about it sooner but happy with my decision @ 62 as well
62 is still a great age. Congratulations!
Retiring next December @58. Can’t wait… planning, living below my means and saving has truly paid off.
Congratulations! Got some exciting plans? 🥾🚵🏻🛳️
The lack of curiosity always floors me. I'm all-ears when somebody who seems to know more than me offers me advice. In all of my years talking to friends about retirement and personal finance, only one has ever bothered to inquire further. I don't understand it...free advice. I feel like many times the advice I'm offering up is advice they know they can't apply themselves so they just don't bother asking questions or taking action.
If your conversation has helped one person, you are making a difference. I am 100% you on learning from others. So very important
Great video, thank you David from the UK! I think I am a bit behind you, but following your similar journey. As I approached my 49th birthday I suddenly realised 60 wasn't too far away! Since then (3 years ago, 51 now) I have been shoveling cash into savings and pension. At your age, 56 I will just about be able to retire. But the challenge I can foresee is how do I reconcile between retiring and giving up such a big salary! A friend once said to me "there is no time in between it being too early and too late" - at the time he was referring to having kids. It helped me make that decision to have them when we did, and I am glad we did. I wonder if you gave the too early/too late conversation with your wife?
Greetings from Oklahoma USA. My wife and I have been great partners through this journey, although I am sure she would say I talked a little too much about early retirement over the years. She is not much into finance, but we met once a month to review our spreadsheet, and that always has sparked a good conversation about the future. I am a state 4 cancer survivor, and that certainly helped us both be on the same page about retiring early. We both had parents die at a young age and this helped us both appreciate living without regret.
I have also retired at 56 in Jan 2023. I have the same reactions. We started with $800 in 1986 and lived below our means. No inheritance or help along the way. Just worked hard and saved what we could.
This is great to hear since we are the same age. How are things going for you? Enjoying it?
@@davidnprogress LOVE IT!! I drive by my old place of employment just to let it sink in that I am retired. Love riding my bicycle on Iowa deticated trails. A flower's bloom lasts longer now. I didn't know I had so many work pressures. My wife and I look at each other on a weekly basis and ask, "Are we really retired? Just think...we will never work again..." Will it ever sink in???
I knew of a guy who retired at 38 and he chose to stop telling people because frankly, jealous people are dangerous. He wasn't super rich. He had built two houses, one to rent out and one to live in. And a modest portfolio. He was happy to eat well, live simply, and pursue hobbies.
That is a good story. Too early for me, but people, myself included, tend to project our life expectations into those of others. There are many paths to a happy life.
I am considering keeping my retirment private. At least in the beginning. Thank you for the content.
Good idea as it could provide time to figure out your narrative as far as what to say. Someone asked my wife about it just yesterday when I was with her. She smiled and taking about the days of the week she volunteers, does art, and the travel plans we have.
I’m 57 and very close to financial independence. I’ve been also been planning for years. I don’t want to retire however, but having the independence is my goal. As long as you enjoy what you do, the retiring part is not important.
I agree for sure. FI should be the primary goal as it open the door to everything else.
I always planned to retire early and finally retired in May in the UK at age 57. The only person to congratulate me was another older friend who was already retired. Everyone else looked slightly horrified with the most common comment 'but what will you do'?!. I can think of 1000 things I would rather do than sit at a desk working!
Yes! Congratulations on your retirement!
I could have made this video. I retired at 56 and had much of the same reactions and comments. The funniest one I would hear many times over was “you’re too young to retire”. We (wife and I) handled our finances the same as you have noted, and met with a financial advisor when we were 50 years old. We are now both 63 and haven’t regretted it for one minute.
56 and now 63? It is great to hear from someone on the journey for so long. Congratulations on your early retirement and thanks for watching.
I hope to be there (retired at 55). I am 44 now. Started saving / investing at 20 years old (2000). Portfolio millionaire at 39, crossed 2M of portfolio value in January of this year (24 years of saving) and the goal is to have 5M invested at 55 and retire. 400k house is less than 2 years from being paid off. No other debts. Married with 3 kids but only a single income household. Just like you said, live below your means and save! It’s not an accident!
You have done a fantastic job especially with three kids and a single income. The power of compounding is wonderful. Thanks for watching and the comment that will encourage others to
@@davidnprogress I had never seen your content before but when I saw the title I said “that’s when I want to retire, let’s listen to this guy”. Thanks for sharing as well.
Retired at 56. almost 2 years later I have not woken up one morning thinking "what am I going to do" or I wish I was at work. I've been an RN for 31 years in critical care and ER. Enough! I don't need to go to work every day and deal with all the heavy stuff that I have dealt with for years. I have coffee with my wife in the morning and play the rest of the time. Plenty of dough to make it through the rest of our lives without worry, and leave some for our only child. That's what it's all about
You are indeed a lucky RN with the proper perspective. You have lived a life of service to others and now you get to live with the reward.
I got laid off it at age 58 in 2020, because of the covid pandemic. It was 1 year before I planned to retire, I love every day of it.
Very nice! I am thankful for the severance that gave us a runway for the first six months. I had always hoped that was the way I would exit.
I retired at 56 as well & planned similar to how you did by decreasing debt & saving
Congratulations on retiring at 56
@@davidnprogress thanks!
I retired at 53, I did all the things that you mentioned, plus invested in Vanguard with their low management fees. Saved a fortune
The impact of fees on retirement savings is something most people do not understand. Thank goodness for Vanguard and how it changed things for everyone. Congrats on your early retirement.
The reaction says a lot about the people you know from their reactions. I retired at 49 in the UK, and my wife at 51 and nobody has reacted any differently to before. Money and circumstances have never even been mentioned.
Agree on that for sure. Very different culture in the USA with money talk being taboo and people working without even taking earned time off.
@@davidnprogress I totally get what you’re saying. The part about taking time off is common place in Japan too. So glad I took no part in that
Sort of culture. I wish you are healthy retirement and opportunities to make the absolute most of it.
Great video and congrats to you..... I am on track. I am already semi-retired at 52. I will fully retire at 55-56. I currently have scaled back my work schedule to travel in the winter time. I actually haven't made too many sacrifices other than I stayed single, never marrying and started with the end in mind a long time ago. My budget has been to save about 40% of my income, everything after that I can blow and that has been my mentality for the last 25 years. I actually got addicted to saving. It all started with $1000 and I never make impulse purchases for anything over $100.
It sounds like you have a terrific strategy. Congratulations
Love your positivity! Keep it up 👍
Much appreciated! Homesteaders? Now, I am sure that would make for a fantastic TH-cam channel. My 85-year-old father-in-law is from a family of Czech immigrants who came to Oklahoma for the land run. His stories about growing up on a farm are really something
Man, you are so right ! Planning
And lots of it. Thanks for comment
I retired a year ago at age 54. And I just love being retired. I worked very hard for 30 years and had a good paying job. But the key is we saved/invested diligently. And we’ve lived well at the same time (we invested a lot in a very nice home, but also fun family camping, sports, occasional vacations, kids in college, etc) - but we were always very careful and strategic with spending. I’m shocked at the reaction I get that I’m retired. I sense a lot of envy (and people are perhaps sad about their financial situations). And the really surprising thing is they don’t ask “how did you do it?” They just keep grinding away at their jobs and they look exhausted. I’m teaching my kids to work hard at school and their careers (invest in yourself first) and then be sure to save/invest (low cost diversified ETFs) a good portion of their earnings - and have fun with the rest.
Invest in yourself first is some of the best advice you can give to your child. Congrats on retiring at 54 and thanks for commenting.
Just turned 56. Retired from the Navy, retiring from Federal Service next year. Just dropped my paperwork. So very much looking forward to it. Pensions plus savings have put my wife and I on the track to enjoy our remaining years.
More time for fishing, right? Congratulations on your retirement
@@davidnprogressthat and a few other things.
Sorry to hear that "must be nice" comment coming from others. I had a person I was very close to who knew how much I had tried to pay of a very significant bill over the years and finally reached my goal and their response was "must be nice." I realized that they were not the type of person I wanted to be as close to as I would have responded with happiness for them in the same scenario. It changed who I surrounded myself with in my close inner circle. While I still remained friendly with that person I decided that it wasn't going to be the same energy put into that relationship as I had prior.
Much of our success is influenced one way or the other by the attitudes of those around us. It is great that you recognized this and are finding better ways to direct your energy.
Both my wife and I retired at 57 so 4 years now. We’re in Scotland and apart from the health care (we have our NHS) your video is absolutely spot on. 30 something years ago we got great financial planning advice when and advisor that was saving us money on our monthly mortgage payments (remember those 2 year deals) said what are we going to do with the saved monthly money.
He suggested putting some of it into stocks and shares ISAs.
We did, we also have good private pensions lived within our means, don’t get me wrong we have enjoyed our lives before retirement we just made sure we didn’t have debt and if we wanted something we saved and got it.
Not topping up mortgages when moving house and staying on our original 25 years plan also helped as we were mortgage free at age 47.
So there you have it 2 private pensions and a tax free income from our ISAs and we’re living the good life.
Nice job and congratulations
God bless you sir. Congrats on your self control and virtuous spending habits.
Thank you kindly
I retired at 56 and reactions vary but I just respond by saying that I am keeping my eyes open for interesting opportunities
Good one!
We are in a similar boat as you (early 50s and still working), but have not debt (after paying house off in 18 months) and in a few years will have 25x income in investments.
We have focused on financial independence for about 25 years and just about there.
I found that even the people who are curious, don't believe it's that simple and honestly, they are not willing to do it. i.e. save, no debt, divert some of your paycheck for safe investments.
I have also had some health issues and had preemptive discussions with some of my friends and tell them i may retire in about 3 years or so...i get the same reactions 🙃
love your channel!
I still get blown away that we were able to save so much with so little effort and income. Just the simple investing over a long period of time and focusing on low expenses. I think the mind has trouble believing it could be this way.
Good luck on the health. The heart issue I have was such a surprise. It makes me even more thankful for the decisions we made 20+ years ago.
I’m so glad I found this channel. I’m 52 and I retired at age 48, although I didn’t know I was retired at the time. At 48 I became unemployed and we took drastic measures to cut back to survive. We(wife and I) hyper focused on our investments. Then, I started to really like a simpler lifestyle, so we went all in. We went drastic. Sold the house. And sold almost everything we owned and invested it. Clothes & shoes & things we had 10 of! It was Ridiculous. The more we cut back the freer we felt! And achieved financial escape velocity during that time. Reduced expenses + increased investment education = freedom. Thanks for sharing your story!
The simple life can be the best and freedom is priceless. Good luck to you and your family. Thanks for watching!
Retired last year at 54. So great. I planned for it for 30+ years.
Fantastic!
I am 59 and very close 1-2 years away now from retiring. Unfortunately we didn’t plan on the massive inflation for the past 4 years, but still in amazing position to go now if we wanted. We both worked our butts off and basically lived on one salary and banked the entire other salary for almost 40 years. I super identify with your comments as the most common reaction we get when we share our plans and situation is the “Must be nice” comment, and I am pretty brutally honest with my response and say Ÿes, it is very very nice, but that is what happens if you actually live below your means for that many years.” We are both active in our local Church and hope to teach younger families to do exactly what we have done to have a fulfilling and enjoyable life. At least the ones who want to actually learn and prosper.
Nice work to have had the discipline to save over so many years. I do think it is important to pass things on by encouraging and teaching others as you plan to do. Being 59, you are very close to SS as an extra cushion and I am sure that will help as well. Thanks for the nice comment
I was laid off for budgetary reasons when I was 51 with almost 27 years in. I took early retirement with a pension. I had paid off my mortgage in 2006. I am now in retirement for 7 years. I did get a melanoma in 2023. One thing you need to budget for health care. The wide area excision with flap surgery cost 15,000 to the insurance company and I paid another 2,200 for deductables and other costs.
Medical is always the wild card. I was also a melanoma survivor with stage 4 cancer in my lymph nodes 26 years ago and then a tiny spot on my face just last year. Best of luck to you, and congratulations on your 7 years of retirement. One dr has said the treatments from back then could have contributed to the heart issues I have now.
You're about 6 years ahead of me. Im 50, but on track to early retirement 😊 Decades of planning
It is a great feeling when you get to coast FI and know you are on track for the future. Good luck!👍
Great message. I agree. Early retirement doesn't just happen. It takes years of planning and saving with intent. My husband and I know that we are 7 years away from retirement.
It is wonderful when you are on track and confident in the future. Thanks for watching
I totally agree about the lack of interest in how I retired at 59. I even offered free consultation as a retired CPA so others might benefit from what I learned. Only one person took me up on the offer. I think most people don’t want to discuss their personal finances.
Personal finance is a taboo subject for sure. That has been once of my motivations for this channel. I figure with a billion people on TH-cam, there has got to be someone out there that will make some changes after hearing from regular people. I know it has made a difference for me. How has the retirement life gone for you?
@@davidnprogress It’s been fantastic, thank you. I retired last year and have never missed working. I didn’t fully realize how stressed I was until a few months into retirement. Now I’m running a ton and enjoying my freedom and my grandchildren. Life is good. I suppose the biggest eye-opener was realizing how unneeded I was at my old place of work after leaving. Some of that has to do with how much time I spent training my replacement. But the reality is none of us are irreplaceable.
Wow. If I had a coworker that was a cpa I'd be approaching...bugging...them for advice. That's great you 6:10 offered to help them.
Trying to make it happen in 5 years at 57? I feel like I am on track to do it. My plan does not have me fully retired, but leaving my current field, software development, to return part time to my previous career, architecture. Laying some groundwork for that shift right now.
You have some amazing skills to be able to develop software and also be able to do architecture. I did do a career shift in 2019 as part of my early retirement strategy. Moving to HR was a demotion technically as it was a step down from being a manager. It gave me more freedom to take PTO and it was great to take on a new challenge. You have a good idea with the PT work.
Great video, David! I e received similar reactions, and people are shocked when I give similar responses to yours.
I am still working on my response. The reactions have changed dramatically now that I have the health challenge. I am so thankful to have this time that is not locked into days in a cubicle
I’m turning 57 next month and I plan to leave at 59. It can’t come soon enough. My wife and I live humbly and are debt free. I have goals for my HSA and Roth to achieve or I’d be gone tomorrow
I wish I had more in the HSA and ROTH. Not a bad idea to keep filling those buckets before retiring
My father retired early at 52, 18 years ago. He worked for the same company his entire career and that offered a decent pension. He also invested in a Roth IRA or a taxable account which he used as a bridge until social security kicked in.
Good for him. I checked your TH-cam channel. It looks like you have some good content for your expertise
Retired fully 2 years ago at 59! I have 2 retirement pensions and was forced on SSDI! Wife is older and is receiving SSA! We make about 6600 a month and bills total about 2500 and that is after buying our retirement house in the sticks and a brand new cheap SUV!!!!
Congratulations on your retirement. You have a very interesting TH-cam channel as well.
I retired at 56 and some of my relatives said you can’t do that. You’re not 65. I laughed. I got all of those reactions as well. I was lucky enough to have company subsidized healthcare. My sister and brother hated me years ago telling them to save something in their 401ks and IRAs. They would get red in their faces.
Healthcare had to be huge to make things better. Congratulations! Also, it is always fun to poke at siblings from time to time.
After working / saving hard for 35 years I retired last year at 55. I'm very happy that I could do this and still consider myself lucky to be part of this "small club" although I did make my own "luck"! 😉
I'm also surprised that nobody I've told has asked HOW I was able to retire. It was a combination of all the things mentioned in this video, basically living within my means and not spending money I didn't have.
I get a variety of different reactions and I now try to avoid the topic since it seems to be such a sore point for many people.
35 years of consistent saving leads to the wonder of compounding. It has been shocking, really, to see how things grew over the years with so little effort. If only everyone knew and also took action to save just that 10 to 15% over their lifetime. Congratulations to you.
Nice job!
Thanks for watching and commenting
One year to go ... I will be 57.
Single mum to 3 grown up sons who didn't miss out on anything (especially funding their elite sports costs and that was a lot but a choice I was happy to make) but we certainly lived below our means. No 'packet' stuff in lunches, second hand clothes where possible, second hand cars, using things til they were worn out. Saving as much as possible and working 50+ hours per week. Nearly there, whilst my sons did notice that they might not have had everything their peers did at the time, they now recognize the sacrifices our we all made to get to where we are today. They are proud of me and say to me often ... "you earned this mum" (and I did)
I dont care what any one else thinks!!
You have a great attitude. The support of the kids is a priceless return for all you have sacrificed.
Secret..... I'm currently on vacation and when I get back to work I am giving my 90-day retirement notice right before my 56th birthday. It all became possible when I became calculated and deliberate in avoiding debt, saving at a higher rate and definitely living below my means.
Fantastic! Congratulations
Spot on observations. Live below your means, get out of debt, plan ahead. I retired at 54 just as the pandemic broke out. Started saving hard in 2005. Free at last!
Congratulations on retiring at 54
Just gave my notice to retire at 55 - feel like the weight of the world came off my shoulders.
Smart and steady investments over 35 years gets you there. We did it on one income and you can too!
Good comment. The earlier you start, the less you have to save over a long period of time. Compounding is a wonderful thing
We did it on one income as well and I retired at 58. Congrats on your upcoming retirement.
The star trek reliant (maybe??) class in back ground looks real nice
You have a good eye. Yes, that is the Reliant!
I'm there at 53. Just cut back to part time so I can do the parts of my job that I enjoy and I let the rest go. I'm getting a lot of the same reactions.
It is terrific that you had the option to move to part-time
I retired “early” because my corporate culture didn’t allow me to utilize my vacation days in a way to do my bucket list activities.
After the two big bucket list adventures were done I did go through a period of wondering if I had become “lazy” for preferring to be biking, hiking, or paddling instead of resuming my career. But one day I was reviewing my earnings history on the SSA website and realized it wasn’t some it was all of my 42 year career that I worked ridiculous hours. Most people consider 30 years a career. I had started young in a skilled trade, advanced quickly, and added to my education. I didn’t aspire to a c-suite but had a varied middle management career. At 42 years I was 58. I realized if I had a so called 40 hour job it would have taken 6 decades to have worked as many hours as I had already worked. That very moment I realized that I had worked more than my fair share. Since I had never lived above my income money was not a decider. Being a vegetarian and exercising regularly got me through those four decades in good health so I am capable of doing the things that toxic corporate politics hadn’t allowed time for.
It sounds like you have a great life enjoying the outdoors and being a healthy person with skills. Now, every day is a bucket list day! What has been your favorite bucket list adventure?
I have been keeping my debt and expenses low for 3 decades despite salary jumps. Instead of splurging on cars / condos with my savings, I invested them. That's my simple not-so-secret formula to early retirement. I have been tracking my expenses, income, dividends etc since iPhone 3. I know exactly what I spent on and when, and that helps me project my cash flow needs into retirement yewrs. Everyone esp. young people should do that.
Excellent advice!
I retired at 47. The wifey plans to retire at 58.
I focus A LOT on fitness & health after a health scare during Covid.
My advice: live your life and ignore what (most) people say. Others will argue for their own limitations for the most part, and are not interested in learning.
At 50, i want to get a language degree and learn 4 languages.
I recommend finding something to work toward and to set a goal that may or may not be unattainable. This is what drives me (i.e. the curiosity as to whether or not i’ll succeed at a lofty aim).
Excellent advice!
I get the same reactions from people. A few have made snarky comments to express their disapproval. I saved and invested so that if I lost my job,I’d be covered whereas they likely didn’t.
I had motivation as well due to the many layoffs I experienced over the years. It was always interesting to try and help the super stressed by encouraging strategies to be better positioned for the next big exit. One good news is that everyone seems to eventually land a new and often better job
55 is my target date. I pay off my house next month, then I'm going to double my retirement savings. 7 and a 1/2 years to go and if the market cooperates I will absolutely make that happen.
We were never able to max out the 401K or anything else until paying off the house and turning things up starting in 2017. Luck helped as well with the great stock market returns during that period. Good luck to you!
You are so much like me. And, nope, not one single person has asked how we got here.
I hope you are enjoying retirement and making the most of your freedom!
I'm 59 and when I talk about retiring to some of my friends they seem to get a little mad. They always ask what are you going to do? Seems like our society places too much self-worth in job titles.
When people asked what are you going to do....I simply say...whatever we want!
Love your videos and honesty David. Did you use a financial advisor? Or at least bring your plan to one? I don’t like the idea of AUM but I’m willing to pay for a CFP to check my plan. Any advice?? Thanks and congrats on your retirement 🎉 anniversary
We met with what we thought was a financial advisor early in our marriage but really he was just an insurance salesperson. After canceling his whole life policy, we just concentrated on saving simply through the 401K and mostly in low cost index funds. I think people in a complicated situation may benefit from an advisor. No need for us while accumulating due to our simple situation.
I do meet with a Fidelity advisor that is free once a year. He mostly just helped with filling out the retirement planning tool which is online and great.
Now, I will say that early retirement with navigating the ACA, managing taxes, doing ROTH conversions and more does feel complicated. I have considered using a fee based person just to look over things and improve my confidence. I am still on the fence about this option.
I’m 48 and on track to retire as early as age 50 and absolutely no later than 54… people always tell “why retire at age 50 you’re so young?” I reply by saying that’s the point, retire young and not old and busted up!
Congrats! There are so many what ifs. Better to get out and do things while young and physically able.
I’m on track to get there by 55. If i can sneak a few more years of 401k contributions and match and make 57-58, that’s it. I also have a dedicated savings for paying healthcare premiums I may access on the healthcare market.
Sounds like you are on track with a good plan. Do you have access to contribute to an HSA? Not having maxed that over more years is one of my regrets
Your video is my story too. "Must be nice." "What are you going to do all day?" Society isn't accustomed to seeing"early" retirees. It's not most people's reality, so their thinking hasn't caught up to my lifestyle. It's a great problem to have. I believe in the get rich slow method, that and a fair amount of luck.
Thanks Mary. Slow and simple seems to be the best way for most of us. And yes, a lot of luck as we have been blessed with a great stock market return the last many years. Good luck with your early retirement
I think could now at 58 but with health cost I stay working maybe up to 65. So knowing I could retire allows me get through the day at work with a smile. I can work remote whenever I want and have retirement place setup now. My attitude at work is completely different than 4 years ago. If you can’t seem take the leap, see if you get yourself ready for it and get your mind in a retirement state of mind.
This is an excellent comment. If you like your job it is okay to make the choice to stay. Just enjoy it even more knowing the job is optional for you now
Hi David I retired 03-24 at age 54 after working 34 years at the same company I started adding money to my 401k as soon as I started in 1989 with the Great advise of a older coworker that was about to retire I also had a pension that they discontinued n 1997 which is a nice chunk of change I also have my husbands health insurance he plans to work another 10 years we can also live off his income only most people are Happy for me and always say Iook so young I’m so happy I walked away
34 years is a long time in one place. I do know several people whose spouses are still working. Sounds like you are both living the life that makes you happy. Very nice.
I was fortunate and retired from my job at 50. I have had some nasty comments through the years. Like you said, their face says it all. Here’s the thing though, I did retire but we have flipped 4 houses and I day trade. So, I have a few side hustles.
Flipping houses and day trading?! Whew, that is a nice side hustle if you have the skill.
@@davidnprogress as I’m getting older I’m hating the flipping more and more and leaning into the trading.
I retired at 56, 6 years ago. It challenges many people's feelings about themselves
I hope you were challenged in a good way. What is a takeaway from this challenge now that you have six years of experience?
I retired at 50 and I would recommend it to anyone that can do it.
50? that is a wonderful accomplishment. Congratulations
51 and planning on retiring at 57 when the 2 kids are done with college and us paying for it.
Years of buying used cars and me always getting my wife’s old car and me working on them (I am not a mechanic). Still living in our (payed off) starter home. We have been living on 2/3 of our income and saving/investing the rest. Currently our investments make more money than us working (“money makes money”). Every year we work is another $2k a month of more income at 57 on.
*I mentioned on planning to retire at 57 to my older doctor (67 years old) and his immediate response was “you do not deserve to retire.”*
We live comfortably on $70k a year (which is easily covered by a pension yet alone getting SS and never tapping into our current $1.3M retirement investments) even though our retirement income will be easily over $200k a year.
*This is all planed years ago by a high school drop out (me) with $0 dollars to my name.* in my 20s when needed more money to pay my bills a went and got a second job.
You have done everything right and are proof that it can be done. We also paid for our son's college and that was a big burden lifted when it was over. No regrets about having done so.
I also retired at 56, coincidentally. I live in southern California where there are lots of tech people who are able to do that. So, it didn't raise eyebrows. I'm 63 now. What DID raise eyebrows was a few months ago when I married a gorgeous woman, 31. Life is good, y'all! Lol!
Congrats on the new marriage.
I'm 54 & plan on retiring early next year, as I'll be able to invoke the 'Rule of 55' at my current job. It'll be interesting to see the reactions of others, now that you've pointed it out. To me, it sounds like many of those who either commented negatively, or not at all, did so out of pure envy/jealousy. I find people to be funny in that regard. People in this country mostly just want to follow along with normal societal practices, and look down at others who don't conform to them. I also laugh at how many coworkers of mine seem to be workaholics, and appear to be driven by pure greed. I feel like if you've got the cash to do so, why wait? Like you, I have been smart with my money for my whole life, and can afford to retire early as a result - I can't wait!
Congrats! The "Rule of 55" really made a difference in our mindset. So thankful that I learned about it in 2017. Good luck with your 2025 year of freedom