Early Retirement Blog

Retire Early on Labor Day 2010.  Many American workers will be enjoying a day off from work this Labor Day, without realizing that they could call their boss on Tuesday morning, and make everyday a day off from work.   Millions of Americans, who could otherwise be retired, are unnecessarily working.

The reason that most American workers (and probably you) are working longer than necessary,  is because most people use the traditional retirement planning formula (80% of your salary),  to calculate your  retirement savings needs.   A formula which can  over-estimate the amount of savings you need to retire  by hundreds of thousands of dollars.   Forcing you to work many unnecessary extra years.

How much you spend in retirement, not your salary, determines how much savings you need to retire.  Making this one change in the way you calculate your retirement savings needs, can make a dramatically positive difference, enabling you to retire years early.

For example, a couple that earns $80,000 per year will need $1,600,000 to retire, according to traditional retirement planning.   If the same couple creates a $2,250 per month retirement budget, Green Retirement calculates that they will need $600,000 to retire,  a million dollars less in retirement savings!

This Labor Day, spend a few minutes, and find out if you can retire today.

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