Retire Early At Age 50 (Real Life Retirement Planning Example!)

Do you want to know how to retire early at 50? Well, you came to the right place!

In this video I talk about retirement planning considerations you need to account for if you're wanting to retire early and answer the question, how much money do you need to retire at 50?

The truth is, there is no one size fits all answer to this question, and the lump sum you will need for early retirement varies from person to person based on retirement age, lifestyle, income, healthcare costs, inflation, longevity, and investment growth.

If you want to know what steps you need to take for early retirement planning, at 50 or any age, watch on! Also, consider enrolling in my free retirement planning eCourse for a step by step guide to building a retirement plan: https://bit.ly/chisholmretirementbasics

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Timestamps:
00:44 – Are lump sum goals effective?
01:40 – The 7 Retirement factors
02:18 – Retirement age
02:56 – Lifestyle
03:45 – Income
04:32 – Healthcare costs
05:58 – Inflation
06:37 – Longevity
07:12 – Investment growth
08:12 – Early retirement at age 50 example
-- 09:36 – Applying inflation to projections
-- 11:18 – The lump sum needed
-- 11:58 – Withdrawal rates, tax planning, and additional medical costs
-- 13:14 – Yearly savings rate
14:02 – Final tips

#retirementplanning #retireearly #financialplanning

Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.

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