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Retiring early has become a dream of many 30-somethings.
- Retiring early is part of the dream for many Americans, but retiring by 45 or earlier takes discipline, rigorous saving, smart investing, and living frugally.
- Seven retirees who have successfully retired by 45 share advice, and suggest taking up side hustles, communicating with your partner, and expecting the unexpected to make it work.
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With one-fifth of Americans now working well past age 65, there's an argument that retirement is farther away than ever.
With many more embracing the FIRE, (Financially Independent, Retire Early) movement, it's becoming increasingly common for workers to put their corporate lives behind them and retire early. But, it takes more than traditional retirement savings to make it happen.
Below, seven early retirees share their top tips for getting to early retirement, living out of their savings for years, and generating income when retired.