7 Possible Reasons You May Not Have an Early Retirement ...


Even with plans to retire in your 50s, there are reasons you may not have an early retirement. Most of us don't want to work into our 60s or 70s. But leaving the workforce early takes careful preparation during our younger years. Early retirement is possible, but it might not happen if you do these seven things.

1. You Haven't Started Saving

If you're in your 30s or 40s and haven't started saving yet, there's a chance that early retirement will not happen. You might be able to make larger contributions going forward and catch up. However, early retirement is more likely to happen when you plan early. As soon as you graduate college and get a full-time job, talk to your employer about a 401(k) or look into IRAs.

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