How to Retire Early by 50

You can retire early by 50 or 55 if you take these FIRE (Financial Independence, Retire Early) steps now.

A mature woman struts down a street with a joyful air.
(Image credit: Getty Images)

Editor’s note: "How to Retire Early by 50" is part three of an ongoing series throughout this year focused on how to retire early and the FIRE movement. The introduction to the series is How to Retire Early in Six Steps. The second article is How to Retire Early by 40. The fourth is Retire Early for Adventure

In some ways, deciding when to retire is as much a philosophical question as a financial one. While the average retirement age is 62, your options vary from retiring extremely early to continuing work into later life. The Financial Independence, Retire Early (FIRE) movement has gained momentum as workers elect to power down their careers to pursue other passions. What path would make you happiest?

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Jacob Schroeder
Contributor

Jacob Schroeder is a financial writer covering topics related to personal finance and retirement. Over the course of a decade in the financial services industry, he has written materials to educate people on saving, investing and life in retirement. With the love of telling a good story, his work has appeared in publications including Yahoo Finance, Wealth Management magazine, The Detroit News and, as a short-story writer, various literary journals. He is also the creator of the finance newsletter The Root of All (https://rootofall.substack.com/), exploring how money shapes the world around us. Drawing from research and personal experiences, he relates lessons that readers can apply to make more informed financial decisions and live happier lives.