How to Retire Early

Why You Can Retire Early

Traditional retirement planning uses a guess, 80% of your salary, to calculate how much savings you need to retire. A guess, which can over estimate the amount of savings you need, forcing you to work longer than necessary.

How much you spend in retirement, not your salary, determines how much savings you need to retire. You control how much you spend in retirement, therefore, you control how much savings you need and when you can retire.

Example: A couple earning $80,000 per year, using the traditional retirement formula, needs $1,600,000 to retire. With a $2,250 per month retirement budget, using the free early retirement formula, the same couple only needs $600,000 to safely retire!

How much savings do you really need to retire?

Compare Traditional vs. Free Retirement Planning Calculators.

Don't use commas or periods in the boxes.

$ Total Annual Salary (include spouse)

$ Monthly Retirement Budget (If You Retire Today)

Savings Required to Retire

$ Traditional Retirement Planning

$ Free Early Retirement Planning

Go back to the calculator, and adjust your retirement budget by $250, $500, $1,000. Simply by adjusting your retirement budget, you control the amount of savings you need for retirement, and when you can retire.

How You Can Retire Early

If you want to retire now, calculate how much you can safely spend in retirement, and then create a retirement budget for that amount.

Enter

$ Your Net Worth

$ Monthly Retirement Income from Social Security and/or Pension

Result

$ * per month is your safe retirement budget if you retire now.

Remember, you control how much you spend in retirement, enabling you to create a retirement budget that matches the amount you can safely spend.

Example:Bob and Pam want to retire early. They calculated they can safely spend $3,200 per month, however, their current budget is $5,750 per month.

Expenses
Current Budget
Retirement Budget
Housing $2,000 $750
Bob's Car $600 $500
Pam's Car $400 $0
Health Care $300 $600
Food $600 $500
Dining Out $400 $200
Vacations $300 $200
Mini-Storage $150 $0
...Other Expenses $1,000 $450
Total
 $5,750 $3,200

To retire early, Bob and Pam choose less expensive housing, get rid of one car, their mini-storage, and reduce other expenses, to match their $3,200 retirement buget.

When Do You Want to Retire?

Early Retirement Planning Software

1 Year, 5 Years, 10 Years, Today?

Our unique Early Retirement Planning Software enables you to retire when you want for Free!

Simply choose when you want to retire, and get the planning and software, to make it happen.

Easily calculate and control how much you need to save each month, how much you can spend in retirement, and when you will retire.

How to Retire Early Free Retirement Software