It really depends on the lifestyle you want and what “retirement” means to you.
Do you want to never work again or work part time? So you want to live in a home with no mortgage and minimal bills or travel the world for 6 months of every year.
Your best bet is to talk to a financial advisor.
I would really not recommend talking to a financial advisor about this without really knowing what you want. They are, by their nature, quite financially conservative, and their main clientele are people who are in their 50s or older. “Retiring early” to them, means retiring at 58.
It really depends on the lifestyle you want and what “retirement” means to you. Do you want to never work again or work part time? So you want to live in a home with no mortgage and minimal bills or travel the world for 6 months of every year. Your best bet is to talk to a financial advisor.
I would really not recommend talking to a financial advisor about this without really knowing what you want. They are, by their nature, quite financially conservative, and their main clientele are people who are in their 50s or older. “Retiring early” to them, means retiring at 58.
Uh, I’ve had a financial advisor since my 20s…
Biggest thing is getting one that is a fiduciary.
I also take it you’re young, due to your snark, since retiring at 58 is a dream most will never see.
Seriously, how many people in their 50s do you directly know that are or have retired?
I retired at 32. This is what most people mean when they talk about early retirement. See my much longer comment in this thread.
A financial advisor you pay is working for you
One who is “free” is a salesperson.
There’s good and bad advisors on both sides, but it’s important to know. There’s people out there paying over 5% management fees.