What'S The Highest Age That You Still Consider Early Retirement?

All respondents

All answers:

Letters A, B, C, D and E refer to the following answers in all of this page's graphs:

X is the number of 'N/A' or not applicable.

Key Takeaways from Survey Results

• 34% of all respondents still consider early retirement before the age of 45.
• 14% of respondents think that early retirement is achievable between the ages of 45 and 50.
• 23% of the participants believe that 51 to 55 is the highest age for early retirement.
• 20% feel that retirement can still be considered early if achieved between 56 and 60.
• Only 8% of respondents consider retiring after the age of 61 to be early retirement.
• 1% of participants did not provide a response or stated that early retirement is not applicable to them.

Insights from this part of the survey

Based on the survey results, it is evident that there is a diverse range of perspectives on what constitutes early retirement. A significant portion of respondents, 34%, believe that retiring before the age of 45 is early enough.

This group may have various reasons for desiring early retirement at such a young age, such as pursuing other personal goals or financial independence.

Additionally, 14% of respondents consider the age range of 45 to 50 as fitting for early retirement, which could suggest a slightly more conservative approach compared to those aiming for retirement before 45. This group might prioritize financial stability or reaching a certain level of career accomplishment before retiring early.

Interestingly, 23% of participants believe that early retirement should occur between the ages of 51 and 55. This age range may reflect individuals who have already reached their peak earning years and feel ready to enjoy their later life without the burden of work.

Furthermore, 20% of respondents consider retiring between the ages of 56 and 60 to be early. This group might include individuals who anticipate working longer due to personal circumstances or the need to build up sufficient retirement savings.

Only a small percentage, 8%, of respondents feel that retiring after the age of 61 can still be considered early retirement. This category likely represents individuals who perceive early retirement as a concept more relative to the traditional retirement age of 65 or later.

It's also important to acknowledge that 1% of participants either did not provide an answer or indicated that early retirement is not applicable to them. This could be due to various reasons, such as being at a different stage in their careers or having plans for a later retirement date.

Comparison of Age Ranges for Early Retirement

The table above provides a comparison of the age ranges chosen by respondents as the highest age for early retirement. It is evident that retiring before the age of 45 is the most popular choice among the participants, with 34% of the respondents selecting this range.

On the other hand, only 8% of the respondents consider early retirement to be feasible after the age of 61.

Age analysis

Ages from 25 to 29:

Key Takeaways from Survey Results

• Majority of respondents in the age range of 25 to 29 still consider early retirement before the age of 45.
• A significant proportion of respondents in all age groups consider early retirement between the ages of 45 and 50.
• For respondents aged 41 to 45, an equal number of individuals consider early retirement before the age of 45, between 45 and 50, and after 61.
• The percentage of respondents considering early retirement increases in the age range of 29 to 33, peaks in the age range of 33 to 37, and gradually decreases in the later age ranges.
• All respondents in the survey provided an answer, indicating a high level of engagement with the question.

Insights from this part of the survey

Looking at the survey results, it is evident that the idea of early retirement is appealing to individuals across different age groups. The fact that the highest number of respondents consider retiring before the age of 45 is noteworthy.

This indicates that a significant portion of the surveyed population desires financial independence and the freedom to enjoy their lives at a relatively young age.

As the age ranges progress, we observe interesting patterns. The age range of 29 to 33 has the highest percentage of respondents considering retirement before the age of 45. This suggests that individuals in their late 20s and early 30s are more inclined towards the idea of achieving financial stability and an early exit from the workforce.

Additionally, the age range of 33 to 37 sees a peak in the percentage of respondents considering early retirement. This could be attributed to a combination of factors like the desire to prioritize personal pursuits, start a family, or simply avoid a long and tiring work life.

As the age ranges advance further, the percentage of respondents considering early retirement gradually decreases. This trend might reflect a shift in priorities and responsibilities as individuals grow older.

It is possible that factors such as financial obligations, career goals, and personal circumstances play a role in shaping their outlook on retirement.

Explanation and suggestions

The survey results highlight the widespread appeal of early retirement among individuals of various age groups. It is understandable that many people aspire to achieve financial independence and enjoy life outside the constraints of a nine-to-five job.

For those considering early retirement, it is crucial to carefully plan and manage their finances. Setting achievable goals, creating a solid savings plan, and exploring investment opportunities can help individuals pave a path towards early retirement while maintaining financial stability throughout their lives.

Furthermore, it is essential to consider the potential trade-offs of early retirement. Individuals should evaluate the impact it may have on their long-term financial security, social connections, and personal fulfillment.

Engaging in activities that provide a sense of purpose and fulfillment during retirement is equally important.

Male versus female

Male respondents:

Key Takeaways from Survey Results

• For male respondents, the majority (33%) still consider early retirement before the age of 45.
• The age group of 56-60 has the highest percentage (25%) among male respondents.
• Female respondents show a similar trend, with 35% considering early retirement before the age of 45.
• The age group of 51-55 has the highest percentage (30%) among female respondents.
• Notably, none of the female respondents selected 'N/A' as their answer.

Insights from this part of the survey

The survey results reveal interesting insights about the highest age that individuals still consider early retirement. Among male respondents, a significant proportion (33%) believe that retiring before the age of 45 qualifies as early retirement.

This indicates a desire for financial independence or a change in lifestyle at a relatively young age.

Moreover, the age group of 56-60 has the highest percentage (25%) among male respondents, suggesting that a notable portion still consider early retirement even at a more mature stage of their career.

Similarly, female respondents also prioritize early retirement, with 35% aiming to retire before the age of 45. This signifies that women also value the opportunity to enjoy life outside of work at an earlier stage. Interestingly, the age group of 51-55 has the highest percentage (30%) among female respondents, potentially indicating that women in this age bracket start to think seriously about retirement and prioritize their personal fulfillment.

Notably, none of the female respondents selected 'N/A' as their answer, indicating that all participants had a specific age in mind for early retirement. This highlights the importance of planning and envisioning a future with financial independence for many women.

Explanation and suggestions

The survey results bring to light the varying perspectives on early retirement among different demographic groups. The desire to retire early is not limited to a specific gender but is shared by both men and women.

This reinforces the universal longing for freedom and the ability to enjoy life outside of the constraints of work.

The fact that a significant proportion of respondents, particularly in the age group of 56-60, still consider early retirement showcases the changing notions of work-life balance and the evolving priorities of individuals.

Retiring early allows individuals to pursue interests, engage in leisure activities, or embark on new ventures, adding excitement and renewed purpose in their lives.

Considering these results, employers and policymakers should recognize the importance of offering programs and initiatives that support early retirement planning. Providing employees with resources for financial literacy, retirement savings advice, and flexible work arrangements can empower individuals to attain their desired retirement goals.

Female respondents:

Good financial education' versus 'poor financial education'

Good financial education:

Key Takeaways from Survey Results

• For those with good financial education, 27% consider early retirement before the age of 45.
• 27% of respondents with good financial education aim for early retirement between the ages of 51-55.
• Respondents with poor financial education show that 41% still consider early retirement before the age of 45.
• Only 8% of both groups, regardless of financial education, plan to retire after the age of 61.

Insights from this part of the survey

Based on the survey results, it is evident that having a good financial education plays a significant role in determining individuals' retirement plans. Those with good financial education seem to have more flexibility and a wider range of options when it comes to choosing their retirement age.

From the statistics, we can see that 27% of respondents with good financial education consider retiring early before the age of 45. This suggests that they have a better understanding of how to achieve financial stability at a younger age, enabling them to retire early if they desire.

On the other hand, respondents with poor financial education show a higher percentage (41%) still considering early retirement before the age of 45. This indicates a lack of knowledge or preparation for retirement, potentially leading to financial challenges later in life.

Interestingly, a small percentage (8%) of both groups plan to retire after the age of 61. This suggests that some individuals, regardless of financial education, choose to extend their working years and postpone retirement. It could be due to personal preferences, financial circumstances, or a desire to continue contributing to the workforce.

Explanation and Suggestions

These survey results highlight the importance of financial education in shaping individuals' retirement plans. Having a good understanding of financial management and planning can significantly impact one's ability to retire early or have a secure retirement.

For those with good financial education considering early retirement, it is crucial to ensure they have built a solid financial foundation before taking the leap. They should continue to prioritize saving, investing, and managing their finances wisely to sustain their retirement lifestyle.

On the other hand, individuals with poor financial education who desire early retirement need to prioritize improving their financial literacy. Seeking education and guidance from financial experts or attending workshops can provide them with the necessary knowledge and skills to make informed retirement decisions.

Furthermore, the survey results suggest that individuals, regardless of their financial education, should carefully consider their post-retirement plans. Extending the working years beyond the age of 61 can provide additional financial security and help individuals bridge the gap between retirement and their desired lifestyle.

Poor financial education:

Prefers a minimalist lifestyle' versus 'prefers a consumist lifestyle'

Prefers a minimalist lifestyle:

Key Takeaways from Survey Results:

• 25% of respondents who prefer a minimalist lifestyle consider the highest age for early retirement to be before 45
• 32% of respondents in the same group consider the highest age for early retirement to be between 51-55
• 45% of respondents who prefer a consumist lifestyle consider the highest age for early retirement to be before 45
• 17% of respondents in the same group consider the highest age for early retirement to be between 56-60
• 15% of respondents who prefer a minimalist lifestyle did not provide a specific answer (N/A)

Insights from this part of the survey:

Based on the survey results, it is evident that respondents who prefer a minimalist lifestyle generally have a lower threshold for their desired early retirement age. A significant percentage of this group, 25%, believe that retiring before the age of 45 is ideal.

On the other hand, the majority of respondents who prefer a consumist lifestyle also consider retiring before the age of 45 as their goal, with 45% of them sharing the same sentiment.

This suggests that regardless of lifestyle preferences, a substantial portion of the respondents view early retirement as an attractive option.

Additionally, the survey reveals that among respondents who prefer a minimalist lifestyle, the peak age range for early retirement is between 51-55, with 32% citing this period. For those who prefer a consumist lifestyle, the peak age range for early retirement falls between 56-60, with 17% indicating this as their preferred time.

These findings indicate that while early retirement is desirable across different lifestyles, the specific age range varies.

Explanation and suggestions:

These survey results shed light on the different perspectives and priorities of individuals when it comes to early retirement. For those who prefer a minimalist lifestyle, the inclination towards retiring at a younger age might stem from a desire for simplicity and financial independence.

The concept of minimalism, which emphasizes having fewer material possessions and reducing financial burdens, seems to align with the idea of retiring early and living a more fulfilling life outside of traditional work commitments.

On the other hand, respondents who lean towards a consumist lifestyle may still desire early retirement but may face different challenges due to their stronger inclination towards material possessions and spending.

However, the fact that 45% of them still aspire to retire before the age of 45 suggests that financial planning and investment strategies play a crucial role in making early retirement a possibility for them.

Based on these insights, it is evident that regardless of lifestyle preference, early retirement is an appealing goal for many individuals. To achieve this goal, it is crucial for individuals to carefully consider their financial habits, savings, and investment strategies.

Adopting a minimalist mindset and reducing unnecessary expenses can benefit both groups by increasing their financial flexibility and accelerating their path to early retirement.

Similarly, individuals who prefer a consumist lifestyle should focus on smart financial planning, budgeting, and investing to optimize their savings and achieve their desired retirement age.

Prefers a consumist lifestyle:

The complete survey and the other results

You can find the complete survey results, methodology and limitations here:

Early retirement survey

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