Retirement by 40

retirement before the age of 40I just finished reading a great article by Matt Krantz on USA Today which looks at the idea of retiring by the time you reach the age of 40 – although you could probably replace the word “retirement” with “being financially independent”. While not everyone may want to go to the extremes of one example who moved from his home state (with his family) to Florida as it has no state income tax for individuals, the article raises some great points.

Of course, re-assessing spending, cutting out unnecessary expenses and saving/investing the money that you were really throwing away previously plays a major factor in becoming financially secure. The article shows that even on a relatively modest salary, it’s possible to save enough to change your life quite significantly, especially when you start at a younger age – and even more so when you avoid the things that can trap you in debt.

It’s well worth a read, as it may challenge your idea of what kind of working life you have ahead – you can find the full story here.



  1. Sounds like a dream come true, although it takes a lot of hard work and maybe a little luck. I do believe that some people, as the article points out, puts an over-emphasis on income taxes. I believe they do consumers good by providing many public services people take for granted. In Florida, you might just make up the money you save in income tax with higher property taxes.

  2. I would *love* to retire at 40… but unfortunately that doesn’t look like it’s going to happen 🙁 For me, that’s only 10 years away! I can’t see how I’m ever going to do it… but I guess hope is an important first step! I’m going to read the full article, thanks for sharing it.

  3. Wow, being financially independent at 40…. that would the so awesome! But, as things are progressing lately, it just seems like a dream we will never be able to reach 🙁 Not to mention that retirement age is going up, going up…. looks like the government wants us to retire when we’re either 90 y.o. or never..

    • Yes, it does seem that way. I saw in the news earlier that Australia is releasing it’s latest budget today, and their has been speculation that the raising of the retirement age will be a part of it. Seems to be a global trend. The only way around it is to earn enough money to be able to fund your own future, then you can retire when you like without having to be dependent on pensions.

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