How to Plan for an Early Retirement

Dreaming of an early retirement? You’re not alone. In the midst of the pandemic, the number of retirees 55 and older grew by 3.5 million according to the Pew Research Center. But it’s not just those over 50 looking to retire, according to a recent study by Northwestern, millennials are twice as likely to be thinking about early retirement as Gen Zers and three times as likely as Gen Xers.

An early retirement sounds nice, though there are challenges. Consider you may be forgoing additional savings, your Social Security benefits may be impacted if you stop contributing, and with life expectancy increasing over the years, you may have to rely on your savings for longer than if you waited. But if you really want to get serious about early