Why I Want to Retire Early

I want to be a free man. I want to do what I want, when I want, how I want. When you have enough money in the bank, you get the power to choose how you want to live your life. At that point, there’s no need to show up to a job you hate to make ends meet. With money, you have many more options.

That is why I don’t want to wait until I’m 65 to retire. I want to retire much sooner, while I’m still healthy and ambitious. When I say retirement, I don’t mean wasting away at a golf course, or sitting on the porch or watching TV all day, I’ll just be living life, minus the rat-race!

Redefining the Meaning of Retirement

While in retirement, I’ll still work, but in my own way, on my own time. I’d build and manage rental real estate, tend to a vegetable garden, and do some consulting or freelance work on the side. Other than that, I’ll have unlimited time to spend with my family and developing my hobbies, including tennis, bicycling, traveling, cooking, and reading (all things I hardly have time for now).

If perhaps I got bored over time and wanted a more structured lifestyle, there’s nothing stopping me from picking up a part-time job anytime! Another great thing about early retirement is you’ll have the freedom to choose who I want to work for without money being a topic of concern.

How You Can Retire by 40

Surprisingly, the math for early-retirement is quite simple. Here’s how you can implement it:


Earn Money

Get a decent job (after the necessary training, be it college, trade-school, etc…), develop passive income streams if necessary, and get a side hustle if necessary.

Spend Less Than You Earn

By living in a low-cost-of-living city, minimizing your tax burden by using tax-advantaged accounts, and optimizing your daily routine by eliminating unnecessary expenses, it’d be hard to spend more than $25,000 a year. I spend no more than $15,000 per year by driving an older car, cooking most meals at home, and making sure each purchase I make is worth the amount I pay.

Invest Your Savings

Low-cost index funds have historically outperformed the vast majority of individual investors. Depending on your risk tolerance, you may be able to handle more risky investments such as real estate or startups, but the worth thing you can do is let your cash sit around and lose value (due to inflation). Here’s my article on how to invest.