Retiring young, at age 50 or earlier, may sound like a distant and even unattainable idea, but it is a dream that millions of people share. Although we usually think that early retirement is for those who make a lot of money or are lucky in business, according to Liliana Olivares, CEO of Adulting, it is not as difficult as we think. With a few changes to your financial habits and the right approach, you can achieve it.
The savings percentage according to retirement age
The key to an early retirement is to save according to your goals and desired age to stop working. Liliana Olivares explains that if your goal is to retire at age 75, it will be enough for you to save 10% of your income. However, if you are looking to retire earlier, at 65, the recommended savings percentage increases to 25%.
"If you want to live peacefully from the age of 50, you will need to invest a considerable percentage of your income and start as soon as possible," says Olivares. This level of commitment requires discipline and perseverance, but the benefits of retiring young can make the effort worth it.
The change in financial mentality
For many millennials and younger generations, having a good quality of life and time to enjoy it is more important than status or steady work. Therefore, more and more people are looking for alternative paths to financial independence.
Olivares believes that we are in a good time to invest: “For the first time in history, the CETES pay you up to 11% for your money,” which makes the money you invest grow more effectively, helping you achieve your goals. early retirement goals. This performance can make a big difference to your savings, giving you greater flexibility and peace of mind.
The first steps towards an early retirement
If you want to achieve this dream, start with these steps:
1. Set a clear goal: Decide at what age you want to retire and how much money you need to maintain the lifestyle you want.
2. Automate your savings: Make sure you allocate a fixed percentage of your income to your investments each month. By automating this process, you'll ensure that money is saved before you can spend it.
3. Choose solid investment instruments: Investing in CETES, investment funds or variable income instruments can help you obtain returns that increase your capital.
4. Seek advice: A financial advisor can guide you and help you plan your retirement strategically, maximizing the growth of your savings.
Illusion or reality?
Some people believe that early retirement is an unrealistic dream. However, discipline, good planning and taking advantage of investment opportunities can make this goal achievable. Retiring at 50 is possible if you plan correctly.
If you want to retire before 60, start working on your finances now and make sure every decision brings you closer to that goal.
