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In 1991 Billy and Akaisha Kaderli retired at the age of 38. Now, into their 4th decade of this financially independent lifestyle, they invite you to take advantage of their wisdom and experience.

Easy Ways to Start the

Path towards Early Retirement

Justin Weingar

Easy retirement sounds like a pretty sweet setup. Who doesn't want to quit their job and lounge around all day on the beach? While early retirement probably isn't going to be quite like that, it can still be immensely enjoyable and not out of your reach. Here are some tips to get you started on retiring early.

Define Early Retirement

The term "early retirement" means different things to different people. Some people want to retire and have nothing else to do again but enjoy their leisure time. To others, early retirement simply means leaving the corporate rate race that they are currently a part of and living a slower-paced life. There are no wrong answers when it comes to determining what it is to you, just make sure you know what you are looking for.

The Formula

The general retirement formula that is most referred to states that you should have a minimum of 25 times your annual income saved. After you retire, withdraw no more than 4% of that annually. While that is a decent rule of thumb approach, there are many variables that can skew that formula. Look for online retirement calculators which can account for various scenarios that may happen. This gives you a more realistic approach as to what to expect in the future. 

Start Cutting Expenses

To retire early, you will need to start cutting your monthly expenses as soon as possible. One of the things that many have hanging over their heads is multiple monthly student loan payments. Along with being a pain to keep track of, they usually all have different payment amounts as well as different interest rates. Look for a private lender that will refinance your student loans and consolidate them into one monthly payment. This can reduce the current interest rate you are paying. Use a refinance calculator to know what your payment will be before signing any loan agreement. From there, you can make additional payments if you want to really speed up the repayment of the loan.

Be Honest about Working Again

Just because you retire doesn't necessarily mean you'll never work again. It simply means you can work completely on your own terms. Many people who finally walk away from their careers end up doing such things as substitute teaching or monetizing their hobbies just to keep busy and make a little side income. The main thing is that they are not saddled with the responsibilities and stresses that come with a career or regular job anymore.

Replacing Benefits

One thing that should be noted is to pay attention to what benefits you will need to replace when you retire. Many people always forget to factor in their health insurance they will lose when they leave their employer. If you retire early, you will not be able to collect Medicare yet so you will need to look into how much private healthcare will cost you. These costs can be partially offset by expenses you will not be using anymore such as gas and transportation costs to work, career wardrobe, and others.

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About the Authors

Billy and Akaisha Kaderli are recognized retirement experts and internationally published authors on topics of finance, medical tourism and world travel. With the wealth of information they share on their award winning website, they have been helping people achieve their own retirement dreams since 1991. They wrote the popular books, The Adventurer’s Guide to Early Retirement and Your Retirement Dream IS Possible available on their website bookstore or on

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Retire Early Lifestyle appeals to a different kind of person – the person who prizes their independence, values their time, and who doesn’t want to mindlessly follow the crowd.

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