Ready to Retire Early

                                         Early Retirement

Retire Early

It means retiring before your normal age. With good planning, it may be possible.

According to the FIRE formula, if you live frugally and save furiously you can retire early.

The FIRE movement- Financial Independence, Retire Early. It is a simple phrase but hard to implement.

Indicators that help you to retire early

Debt-free-Debt is a serious threat to your financial security because it leaves you with less money to do things that you really want to do in life. Paying off debt ends this vicious cycle and frees up your money to buy things you really enjoy.

Ample savings-If you wish to retire earlier, you need to save and invest more aggressively as the time horizon is shorter.

Have emergency buffers-If you are retiring soon make sure your emergency fund is in good shape. It is a saving that is kept only for unexpected expenses. 

Support dependents-Retirement plans act as a financial cushion. It gives your dependents financial security. With a proper retirement plan, you can support your dependents. 

Health expenses-Most important if you want to retire early. Buying health insurance early will help you save money as the premium is low for younger people.

Simple habits such as limiting unnecessary spending, increasing savings, and investing wisely can help you a lot in long run.

A peaceful retirement is an easily achievable dream provided you put in the time and discipline required to grow your money.