Not retiring young in the sense of just quitting their jobs, but if someone has been saving for their own retirement already, then their parents pass away, shouldn’t it be pretty common for a lot of that inheritance to pass down to them? But it seems like most people still struggle to save enough to retire even if their parents have passed on.
What is the reason most people don’t retire at 55 or 60 assuming their parents have passed on by then? Do people not usually save enough for interest to cover a lot of the spending?
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People with a healthy financial situation tend to not be people that hate working. In fact, they are usually people who seek to maximize it one or more dimensions (e.g. time-off flexibility, income, a task that’s meaningful, etc.). The mega-rich is an entirely different animal, but for your average couple million net worth, if your parents were able to pass on with a few million in the bank, there’s a good chance they instilled a good work ethic and career guidance in you so that you have a career you enjoy and value the concept of working. So if you can earn a few hundred thousand a year in a job you enjoy, and have a good vacation policy, there’s no reason to just stop. Plus there’s a good argument to be made that it’s not mentally healthy.
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