How Much To Retire Early?==>[$70,000? $100,000? $1,000,000?]

How Much To Retire Early?==>[$70,000?$100,000?$1,000,000?]




Welcome to my article which will touch base on How Much To Retire Early.

I’m glad you have started making moves to ensure a comfortable and early retirement. It doesn’t matter what stage of your career you are currently at, what is most important here is that you have started asking the right questions. What’s the specific amount that should enable you to retire early? Is it $70,000?$100,000?$1,000,000? How much do you actually need to retire early?

Read on to understand exactly how much you need and how to raise that amount.





Already wondering about How Much To Retire Early? What are experts telling you? $70,000?$100,000?$1,000,000? Let’s see.

This is what CNN Money has to say:

A 45-year-old making $120,000 who hopes to retire at age 60, say, should already have nearly $700,000 set aside.

Let’s take a closer look at that statement above:

==> The first assumption is that you are 45 years old. No big deal.

==> The second assumption, you should be making $120, 000/year.

Now things are getting serious. The question is: How many people are actually making this amount on a yearly basis?

According to The Street, the average yearly income for the USA citizen working full time for 2019 is approximately $46,644. For part-time workers, the figures are much less, with a reported annual average income of $13,312.

The figures above appear to somewhat reasonable, but when you take the average annual spending into account, that’s when you get to see the real picture. The average households spend more than 90% of their income. 

So how many people are actually making $120,000/year in the USA?

The percentages vary online if you Google it, but one thing was obvious: only less than 10% of Americans are earning up to $120,000/year (medical doctors, CFOs, Managers, Lawyers, Insurance, etc). These people will definitely not have any issues preparing for retirement at all. Why? They have sufficient resources to hire financial advisors, take advantage of various investment programs, etc..

So what happens to the remaining 90% of America’s population? Read on.

==> The third assumption is that you want to retire at 60. Just see how much assets are required to make this happen? $700,000 worth of assets. Meaning if you want to quit much earlier, you would need more than that.

Unfortunately, investing simply doesn’t work for everyone, and I’m referring to 90% of America’s population. To be more specific, those earning on average $46,644/year and even less. If implementing aggressive savings truly works (recommended by 100% of financial advisers), why then does 78% of the American population still complain of not being prepared for retiring even at the normal retirement age?

Something ain’t right.

So if you earn above this threshold, you can still read on to also take advantage of the opportunity I will be revealing below to help out those who are far behind when it comes to retiring early.

But this article was specifically prepared for the remaining 90% to help you understand your current situation and take the necessary measures to adequately prepare for your early retirement. What is working for the wealthy (aggressive investments) will certainly not work for you for reasons you are soon to discover in the very next section.

So it’s high time to start thinking out of the box, especially if you intend to retire early.





I strongly believe that investment is not the way forward for the majority of full-time employees in the US.

This is my subjective opinion from understanding and analyzing the trends I’ve come across online concerning the preparedness of workers when it comes to retirement.

There are many factors that have not been taken into account when recommending an aggressive investment approach to 90% of America’s population. Keep in mind that they are barely managing to survive with little or no savings left.

Check out the list of some of them below:

What Happens When You Fall Sick? Does Your Company Take Care Of You When You Take A Sick Leave?

In fact, the real question is,

How many companies have mandated sick leave policies?

You will be shocked to find out.

In the USA, only 10 States, 23 cities and 2 counties have actually mandated Sick Leave and implemented it.

I do not need to remind you fo the fact that there are 50 States in the USA, and if only 10 have decided to take this issue seriously, it means employees working in the remaining 40 States are in great trouble when they fall sick.

They are more likely going to get fired for falling sick and missing work.

Either way round, once you fall sick, your resources will now be diverted towards restoring your health. How feasible will it be for you in this type of situation to continue to invest consistently?

Food for thought.

What Happens If You Decide To Look For A New Job?

While some people have succeeded to land their first job and stick to it for decades, the vast majority (me included) simply face a different reality. Many reasons could explain why people decide to look for new jobs: health, salary, distance, family, etc…

What is important to note here is that it usually takes time to get a new job, during which making consistent installments to your various investment programs would become impossible, even non-strategic and unhealthy.

Working Round The Clock Will Make Your Health Detorioriate Even Faster

Why am I bringing this up? Here is the thing.

In order to encourage aggressive savings to investment opportunities, most Financial Advisors recommend that you work your way through summer in order to make and save more.

It’s only a matter of time before your body snaps. You might be feeling youthful, young and energetic, and so deceive yourself into thinking that you can continue to physically push your body to extreme limits.

While you can hardly feel the strain in the present, it will eventually catch up with you in the future, with rapidly deteriorating health conditions.

Don’t jeopardize your health simply because your financial advisor requested that you work extra hours to save more. There are better alternatives for making extra income without physically pushing yourself to the limit.

Many Americans Start Off Their Careers With Huge Debts To Pay

Did you know that it takes 10 years and much longer to pay off students loans? So how possible will it be to be saving aggressively and paying off loans at the same time?

I could go on.

If you find yourself in any of the situations mentioned above and even those not yet mentioned because they are many [PLEASE FEEL FREE TO SHARE  IN THE COMMENTS SECTION HERE, SOME OF THE REASONS WHY YOU CANNOT SAVE],  I need you to understand that you shouldn’t blame yourself for not being able to save. These are circumstances way beyond your control.

You can, however, look to better cost-effective alternatives, with even greater potentials of raising a huge amount of income conveniently. Not only will they help you to retire early without any need for savings, but they will enable you to live a much more balanced life:




How Much To Retire Early?==>[$70,000?$100,000?$1,000,000?]
How Much To Retire Early?==>[$70,000?$100,000?$1,000,000?]

How much do you want me to recommend for you?

It will be quite hard to fix a standard amount that fits all because every situation differs, even among employees working in the same company. So there are priorities to be taken into account, such as vacations, health, volunteering activities during retirement and so much more.

Of course, if you search online, you will be given some financial calculations to insert figures and get estimates of how much you would need to save for a comfortable early retirement.

While these calculators provide valuable stats, they lack the human factor for better decision-making purposes.

There are many factors you should take into account when deciding on how much to retire early. I’ve assembled a list below of what I consider to be the most important human factors and please be warned that the list is non-exhaustive.

You might also want to jot down estimated expenditures as you read along, to give you a clearer picture of how much you would need to retire.


#1What Is Your Current Monthly Income? Is It Sufficient For Your Current Situation?


Use your current financial status as a bench mark to measure what you need for early retirement:

  • How much are you currently earning?
  • What are your current expenditures?
  • Are you already living comfortably?

If the answers above are favorable, you should get a picture of how much you need to retire or adjust accordingly on the contrary.

Though it’s absolutely correct that your expenditures will decrease while you retire, you should not forget the fact that America’s cost continues to increase. In fact, the cost of living in America has increased by 14% over the last 3 years.

So to be on a safer side, assume that you will need roughly the same amount of monthly income during your retirement. Just my humble take. More doesn’t hurt, or does it? Just don’t make the mistake of assuming that you can solely depend on your social securities. Huge mistake.

So ask your self what you can start doing today, to be able to double your salary, so that you can start saving the doubled portion towards your early retirement. If that’s the question you just asked, then click the link below to discover my top recommendation to make this happen for a full-time worker like yourself.

This is what I strongly recommend you should do next.


#2Where Would You Like To Spend Your Retirement Years?


This is also a very pertinent decision-making factor when trying to decide on how much to retire. Cost of living varies widely across the world.

If your plan is to remain in the USA, for instance, then make sure you devise and implement robust strategies to cater for the rising cost in the future. For the record, the USA is among the topmost expensive 11 countries in the world. So brace up and carefully determine how much you need to retire in such a place.

Even if you decide to move out of the USA to a more cost-friendly country, know that the chances of you moving out as an American citizen are very slim. I wouldn’t want to retire to a foreign country. That’s but a fact, even if the cost of living in my own country is insane.

That said, always apply the prudence concept and prepare for the worse at all times.

This is what I strongly recommend you should do next.

#3Would Volunteering And Charitable Activities Be Part Of Your Retirement Activities?


Your decision to retire early can only make me speculate about the types of activities you wish to carry out during your retirement. If volunteering and charitable works are part of them, then make sure to include these in your retirement budget as well.

How would you know how much to retire? Determine how much you intend to spend on these activities on a monthly basis and add to your budget, using your current salary and expenditures today as a benchmark. The more funds you budget for, the more effective your planning today would be.

And what if your expenditure budgets are becoming way too high? Then stick with a solution that will help you generate sufficient income to meet those expenditures. Don’t instead cut them down.

What you should understand is that:


The earlier you start the better because the alternative I’m recommending for you to meet your ambitious budget, usually takes time to mature, but they eventually mature. And once they do, you would be glad you started in the first place.

This is what I strongly recommend you should do next.


#4What Do You Consider Early Retirement? At What Age Do You Intend To Retire Early?


In order to accurately determine how much to retire early, you should also be able to determine the retirement age we are talking about here.

For some people it’s 50, for others it’s 45, while many more would choose 55.

Irrespective of the age, the earlier you retire, the higher the funds you would need to enable you to retire comfortably and early.

This is what I strongly recommend you should do next.


#5Would You Be Alone Or Accompanied By Family, Wife, Kids Or Even Parents?


This is one of the most important factors you should take into account when planning on how much needed to retire early.

While using your current salary as your benchmark, make necessary adjustments. Are you currently married? Do you intend to get married? How many kids do you plan to have at the time of your early retirement? How many kids do you have today? Would they have been emancipated by the time your retire early? What is the status of your parents? Etc etc etc…

Remember that you are not into this alone. If your decision to retire might negatively affect the people who rely and depend on you, then make sure you make provisions for them too in your budget.

It’s always honorable to be on the giving side instead, just like your charitable works. Make sure you apply that same philosophy to your own family as well and make them even more comfortable.

How can you double your current full-time salary without working part-time or all round the clock? Click the link below.

This is what I strongly recommend you should do next.


#6How Often Will You Be Willing To Travel For Leisure?


You also need leisure moments during your retirement. It’s not only about volunteering, charity, raising children? Etc. You totally deserve to have some ”me” time.

If that’s the case, determine how often you will be traveling alone or with family, and budget accordingly.

If you had been jotting down budget estimates as you read through my blog, chances are that the figures are beginning to scare you. It’s ok to feel extravagant, but seriously, you shouldn’t be.


Our community has brought us up to understand that dreaming big is a waste of time. And they have created a working reality to continue to justify why we shouldn’t dream big.


You must have understood by now that the budget you are currently drafting out cannot be financed by your 9-5 salary. That’s right. I’m talking to you that belong to the 90% of Americans who are not extravagantly wealthy.

Your job will not help you to live the type of retirement I’m currently asking you to envision. What then will? There’s good news. I know of an opportunity that can make this all happen very early, provided you are willing to make it work.

Click the link below to check it out:

This is what I strongly recommend you should do next.


#7 What Measures Have You Taken To Cater For Your Health? 


Taking care of your health occurs at two different levels:

  • Are you currently living a very healthy lifestyle? Eating healthy foods, fruits, avoiding processed meals, eating organic foods instead, regular exercises, drinking enough water, sleeping, etc. Taking care of your health starts today because once you hit early retirement in good health, and continue to live a healthy lifestyle, you will absolutely spend far less on your health in the future;
  • On the other hand, if you wish to retire early because of health conditions, your pockets need to be very heavy plus you should have some very good insurance policies going on. Are you lagging behind in both? How do you make them heavy without putting your current full-time job at risk?

This is what I strongly recommend you should do next.




If you are interested in other related topics concerning 9-5 jobs, then check out my recently published articles below:



How much to retire early totally depends on how you want to spend your early retirement. I’ve provided some guidelines above to help determine how much would be more appropriate, by using your current salary as a benchmark.

If the time at which you plan on retiring is already close, and you are nowhere near being prepared, it’s not yet late with the opportunity I’m recommending below:

I hope you found my article informative. Don’t hesitate to leave a comment below if you need more clarifications with regards to How Much To Retire Early.

✌✌Thanks for reading.✌✌


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