Retirement at 40

We all dream of retiring early with a fantastic pension and no money __________. With enough dedication, you could say goodbye to your full-time job years sooner.

In the USA, the average adult retires at 61, whereas in Japan it’s at 69.1. Based on this, an early retirement age is considered __________ under 55.

Nevertheless, in some countries, where two-thirds of the population is 35 or younger, they have their goal __________ to retire at 45 or 50.

You can do it too, but you’ll have to be completely debt free, with savings equal to 25 times the income you wish to achieve in retirement, taking any government pensions or payments into __________.

A basic financial rule is that you can withdraw about 4% from a retirement portfolio per year added to whatever you might be receiving from the government. The time you need to prepare depends on how __________ you are to your cause, and how quickly you can pay off any outstanding debts and get the required savings.

A financial professional can help you determine what kind of timeline is __________. But you should start immediately, for the earlier you start the better.

The policy you should adopt is to save more and spend less. After all, it’s just about __________ your living expenses. And think about how much money you’re spending every month on the mortgage.

The sooner you make the last payment on your property, the faster you can throw money into savings, for on average, these payments take up 30% of your __________ income.

For many early retirees is common to maintain a small business on the side or work part-time for __________ income after quitting a full-time position.

For them, “retirement” doesn’t necessary mean the total absence of employment.The plan is that they’ll work for another 10 to 15 years, but at a much slower __________.