QUIZ: Are You Ready To Retire at 55?

Find out if you're ready to retire early with our quick quiz. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.You are now subscribedYour newsletter sign-up was successfulWant to add more newsletters?Delivered dailyKiplinger TodayProfit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here.Sent five days a weekKiplinger A Step AheadGet practical help to make better financial decisions in your everyday life, from spending to savings on top deals.Delivered dailyKiplinger Closing BellGet today's biggest financial and investing headlines delivered to your inbox every day the U.S. stock market is open.Sent twice a weekKiplinger Adviser IntelFinancial pros across the country share best practices and fresh tactics to preserve and grow your wealth.Delivered weeklyKiplinger Tax TipsTrim your federal and state tax bills with practical tax-planning and tax-cutting strategies.Sent twice a weekKiplinger Retirement TipsYour twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirementSent bimonthly.Kiplinger Adviser AngleInsights for advisers, wealth managers and other financial professionals.Sent twice a weekKiplinger Investing WeeklyYour twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why.Sent weekly for six weeksKiplinger Invest for RetirementYour step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose.Ah, to retire at 55. The freedom, the spare time — it’s what so many of us aspire to. But retiring at the ripe age of 55 takes serious cash, especially if you have no intention of working another day in your life.Most people planning to retire at age 65 think they need over $1 million to live comfortably; add an extra ten years to that timeline, and you can see why retiring at 55 gets dicey.Let’s not forget the bridge years. Retiring early at 55 means a full decade of self-funding your health care (until Medicare kicks in at 65) and waiting at least seven years for Social Security to kick in.Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special IssuesProfit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.Profit and prosper with the best of expert advice - straight to your e-mail.Still, for millions, the trade-off is worth every penny. It’s exactly why the FIRE movement exists. Whether you’re Lean FIRE or Fat FIRE (this quiz can tell you), those who actually succeed go into it with a rock-solid plan for their money, their health and their time.Think you’re ready to join the movement and walk away at 55? Take our short quiz to find out.Subscribe to the Retirement Tips newsletter, your guide to planning and enjoying a financially secure and richly rewarding retirement.Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.Donna Fuscaldo is the retirement writer at Kiplinger.com. A writer and editor focused on retirement savings, planning, travel and lifestyle, Donna brings over two decades of experience working with publications including AARP, The Wall Street Journal, Forbes, Investopedia and HerMoney. From managing a lifetime of belongings to navigating family dynamics, these expert-backed books offer practical guidance for anyone preparing to downsize. As cybercrime evolves, the strategies you use to protect yourself need to evolve, too. Investing in takeover deals can be a low-volatility way to diversify your portfolio. An inheritance can mean extraordinary freedom for your loved ones, but could also cause more harm than good. How can you ensure your family gets it right? A resilient retirement plan is a flexible framework that addresses income, health care, taxes and investments. And that means you should review it regularly.

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