how can I retire right now? I'm in my late twenties?

Answer 1

To retire you will need enough money to support yourself from x to y; x being your starting point and Y being the potential end date of your life. You may want to concider any partners or potential partners you will pick up in life, along with any children you may eventually decide to make, along with a nest to leave behind.

However, all that aside, a person can live comfortably in the US - if you already own a home and a car, have no other debt - for a mere 24k a year.

Thus, hypothetically you're asking how much money I need if I was 30, to retire until my death of anywhere from 65-85 years old. Which, means, you need aprox 1,080,000 dollars. This of course would have to be invested in a mutual fund or R-IRA with the only distributions being a bi-weekly amount of 1000 dollars.

So, where can you get 1 million bucks?

Get lucky. Otherwise, the true-and-tied method is to live under your means (live at 50% of the income you make) and save the rest into the method of your choice. This will take all the way till your 60 though.

Answer 2

Of course you can.

The problem with EARLY retirement, and the reason most folks don't is because they can't afford to do so. Retirement requires you have money enough to live on for the remainder of your life. These funds can come from any number of sources. At your age I would expect it to be from a trust fund, inheritance, or the liquidation of a valuable property like a multimillion dollar dot com business or the like.

So if you can swing the finances, go for it and more power to you. Good Luck and enjoy your twilight years.

Answer 3

I'm sorry that the whim to retire has struck you today. Unfortunately, barring dramatic events such as winning the lottery, you have to have enough money to produce income for the rest of your life. Actually even winning the lottery is no guarantee because then you must manage your money so you do not find yourself bankrupt in a few years like many jackpot winners do.

Answer 4

Pray for the death of a rich relative that loves you to death. Or in a more real world fashion play the lottery and hope your number picking skills are on point. Or you can always marry Paris Hilton or something. Or you can start rapping or hone up your basketball or footballs skills one year of work and you could probably retire if you invest right.

Answer 5

If you have enough money to live on for the rest of your life, then you can retire. Otherwise, you can work at something you love doing instead and you might feel more like a "retired" person.

Maybe if you like the beach, figure out a way to make money from there. You could always move and work at something else if it will be lucrative for you.

Answer 6

Win the lottery

Marry a very wealthy woman who won't make you sign a prenuptial agreement

Move to Portland, Oregon and be a street person... they love them in Portland.

Answer 7

you can't and if you want to get off the puter with dumb questions - like anyone would iell you anyways . nIf you think they would I have a bridge in Brooklyn for sale with toll gates and I also have ocean front property in Phoenix . Buy before the big one !!!!!

Answer 8

I think you are a bit late, you should have thought about that 10 years ago.

Answer 9

by building your own business empire and placing them under the care of somebody you trust very much

you can retire and enjoy daily golf, travels and cruises

Answer 10

Go here, it is a new venture that is makeing people rich within a year. Some within months.