Early retirement. It’s the dream for many. Most of us would love to be able to stop “punching a clock” earlier than later. But even with careful planning, that goal is out of reach for a lot of Americans. That is, it’s out of reach for some Americans. For others, it’s a common occurrence. It turns out, where you live can determine exactly when and how you retire.
If you want to retire early, you may want to sell your house, pack up the kids and hit the road. Several states offer an easier road to earlier retirements.
Check out Dividend.com’s visual guide to long-term wealth accumulation for more information.
Personal finance technology company SmartAsset has the skinny on how where you live can determine how early you retire. The firm recently crunched numbers and determined there’s a vast difference across various states when it comes to the median retirement age. On average, the earliest age is 62, while the oldest average age is 65 for each state. Less than 6% of the total population keeps on working after 80.