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?
In: 0
Having enough money to retire at 60, while trying to make it to 90 isn’t the same thing as 40 trying to make it to 90.
People in their 60’s are far less likely to travel or splurge their retirement savings. They also have less expenses.
You need a fair amount of money per year to live just to pay off food, housing, repairs, clothes, cars, TV, etc and the younger you are the higher these expenses are.
Latest Answers