The Problem With Early Retirement

Retiring early is great, but not if you have to make major sacrifices leading up to that early retirement.


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[soldierhobby]

Many frugal people find joy living frugally, especially those who have a goal in life. There are many things in life that are free or cost less many people find enjoyable!

[mistergruber]

FIRE isn't about "Save every dime. Sacrifice everything. Live in a box."

I'd say it's more about combating lifestyle inflation as you become a higher earner. It does require more creativity to spend wisely and making sure the things you spend money on are truly important and valuable to you

I like a lot of your content, but I don't think you've represented this concept well or honestly

[joesegreti]

Find a good balance. Enjoy life along the way. Nothing wrong with working into your sixties if you stay in good shape and you enjoy it. Think Blue Zones, eat healthy / keep moving. Life is a journey, not a destination.

[qiaoyi]

Not sure how I can enjoy my life in my 20s and 30s when I got little income, no properties and spend most of my time building a career. If I dont retire in my 40s. how can I have time/$$ to travel around the world? Not sure if I can still hike in the Himalaya mountains in my 65....

[wcg]

I think many people misunderstand the FIRE movement because of the outliers who make it big early and save/invest enough to retire really early. The key aspect the FI part, financial independence. The point where you are longer beholden to your job or career.

[AccountantByDay]

I understand both arguments. I finally work in a workplace I enjoy or at least dont dislike. So now I am okay with working till later. But very few people that I know actually have that. Most hate their job and want to retire ASAP

[milkncookie]

Retiring next year at 34.
Been saving and investing since 22.

Did live frugally but also had a fulfilling life in my 20s.
Now the possibilities are endless.

My 4% withdraw will be about 66% of my current net income. But I no longer will be saving 40% of my income. So I have a 6% buffer. And I dont need to fully live on 4% either due to no longer be obligated to live in a HCOL area associated with work.

I'm looking forward to early retirement.❤

[EmmaChangel-yeck]

But if you’re working from 25 to 45, you won’t be able to do everything or even most things. At 25, I have less energy to do things I want than my aunt in her 70s because I’m exhausted after a day of working. I don’t want to travel or go places like she does on the weekends, I want to sleep all day.

[Colbe-lxfb]

I've always dreamed of early retirement, but lately I'm realizing there are some serious pitfalls that come with it. I used to think that leaving the workforce early was the ultimate freedom move, but it turns out there's a lot more to consider before making that jump

[Ian-ofoi]

Here’s the thing. A lot of people work non stop in their 30s and have nothing to show for it. So why not retire early if you actually put the money away.

[carltonjohnson]

So save a little & have fun til early 50s? Then penny pinch til 67 only to kick the bucket 10 years later broke? 😟

[jcun]

Such a hard balance! I partied too much in my 20’s and early 30’s and didn’t focus on saving for retirement and now I’m playing catch up.

[klimbers]

Late forties now and I was frugal and did a lot of frugal physical activities like tennis, jogging, hiking, swimming. I didn’t travel as much but when as I’m starting to travel, I can afford to travel a lot better than when I was younger. I don’t think I’ll be at a loss for things to do at early retirement, but I might be at a loss for the purpose my career gave me.

[altriish]

Yeah I'm really missing out on being fat from driving constantly, eating garbage food, spending money on a car and a house I can't afford, going on stupid vacations where I just sit on a beach that's basically the same as every other beach. And I definitely would love to throw away the "best years" of my life working and doing what other people tell me to do and have little to show for it. It's the American way 🤷

[gentrybrown]

I’m probably retiring by 40. Currently 36. I just hit a major power spike in my income (150k) and have decided to add on 1-2 years at the end so I can take an extra vacation or two in my late 30s to enjoy a bit and stretch it out. I’m not killer healthy unfortunately… I’m going to put 100% of my work focus into losing weight when I’m done for a bit. Then go traveling.

[charles]

Retiring in 3 years at 43, can’t wait. Just gotta figure out which bank to rob first 😅

[RelentlessOldMan]

It's not about sacrificing but making smart choices about what you spend your money on. Spend it on things that you enjoy doing rather than just wasting it. You also realize that doing a lot of stuff that you enjoy doesn't necessarily cost a lot of money if any.

[The.Harsh.Truths]

I think FIRE is for people who really hate traditional work. I am one of those people so the trade off is well worth it to me.

[chevtow]

I managed to have plenty of fun and enjoyment when younger without blowing huge sums of money. I guess if you want a million dollar house, new cars every two years, and lavish trips then you’ll need to work harder and longer. For us paid off home and vehicle was fine, and we enjoyed doing stuff outside. Hiking, fishing, working out - not overly expensive ways to have fun together with my wife and still come out ahead. Retired at 48

[privateprivate]

The problem I’ve seen, from being on the opposite end, where I’m still working, are the early retirees, who haven’t planned to be independent. I’ve had 2 neighbors so far. One I’m almost sure of and one I’m not and may have to not been their target anyway. But, the game plan seems to be, “I’m glad you’re still working, so I retired early. Best get yourself set to take care of me in every way!” Like, I’m a neighbor. I’m not a one person nursing care facility.