Yes, you can retire at 50 or 55. Take these FIRE (Financial Independence, Retire Early) steps now.

But if you reach your goal early — say, by age 50 — should you retire immediately? Experienced financial planners will likely ...

What your age says about your retirement.

A $2M portfolio at a 3.9% withdrawal rate generates $78K annually. Retiring at 50 means 15 years without Medicare and potentially high individual health insurance costs. Retiring at 50 reduces Social ...

The rule of 55 allows penalty-free 401(k) withdrawals only from your current employer’s plan after separation. Funds in old 401(k) accounts from previous employers remain subject to the 10% early ...

Americans ages 55 to 64 have a median 401(k) balance of $95,642. Workers over 50 can contribute an extra $8,000 annually to 401(k)s. Those aged 60 to 63 can add $11,250. Delaying Social Security until ...