Tag Archives: frugal retirees

Can only the Rich Retire Early?

Have you ever thought about early retirement, but then been brought back to reality? It’s not everyday that you meet someone who is able to retire at an early age, especially not someone at the age of 27. Part of that is probably due to the fact that retirement accounts either have penalties for early withdrawals or are not available until a certain age (like social security). Retiring before that standard age often means having enough cash on hand to be able to pay for all of your expenses. It’s only understandable why early retirement is so hard to achieve. It often leaves you wondering of whether early retirement is left to a select few. Can only the rich retire early?