Tips for Retiring Early

Extra Banner Image

Retiring at an early age is what most adults dream about, but only a few actually make it a reality. The steps for retirement are a challenge within themselves; therefore retiring entails proper and realistic planning. It is never too early to begin thinking about how you want to spend your retirement years. Take a glance at some tips for retiring early:

• Calculate how much you will need to live comfortably as a retired individual. Incorporate expenses you plan to incur as well as costs for travel plans or other extra expenses. By doing this, you will have a monetary bench point to set for yourself when you are saving.

• Limit debt as much as possible. Having a large sum of debt over your lifetime will hinder you plans for early retirement. Balance your credit card bills by not spending more than you can afford. Limiting debt is also possible by saving the extra money you may find yourself with, rather than spending it.

• Start early. If you want to retire early, you should keep in mind that investments can take a decent amount of time to become profitable. If you choose to begin saving for retirement in your twenties, you can invest with less instead of starting the investment process in your forties.

• Understand what your investing options are. Employers will typically match your investments made to your 401k up to a certain percentage of your salary. Also, an individual retirement account (IRA) can be an option for saving. With an IRA, you can save either on tax-free growth or tax-deferred basis.

• Live below your means. This step means that you should not try to keep up with all the new purchases your friends may be making. Understand that living with less is a crucial step towards slowly growing rich.

• Invest in yourself. If you want to retire early, you need to make sure you are bringing in enough gross income. This may mean that you change careers in order to bring home a higher salary.


Retiring early can happen for you if you take the time to plan out your best options. If you would like more information on how retirement works or have questions, reach out to us today! We would love to help you find the best way to save for retirement!



Request a Quote

Personal Insurance

No matter where you are in life — just starting out or thinking about retirement — PTL Insurance Brokers can help you find the right insurance. From auto to motorcycle, home insurance to renters insurance, we’re here to help you protect yourself, your family, and your home from whatever happens next.

Business Insurance

Building a business takes time, patience, know-how, and the right tools. The right insurance coverage can mean the difference between coming back from disaster or not. At PTL Insurance Brokers, we’ll help you protect your California business, big or small. From general liability to workers compensation, we can help you cover your business from most risks.

Life & Health Insurance

Everyone needs life and health insurance, no matter how old or young you are. You might not want to think about the worst that can happen, and we understand the feeling but you need to protect yourself and your family. Work with PTL Insurance Brokers to purchase the right policies for where you’re at today. We’ll worry about the details, and you just worry about living a full and happy life in the California sun!