How To Retire At 50 Or 55: FIRE Before 60

In some ways, deciding when to retire is as much a philosophical question as a financial one. While the average retirement age is 62, your options range from retiring very early to working into later life.

The "Financial Independence, Retire Early" (FIRE) movement has gained momentum as workers elect to power down their careers to pursue other passions. What path would make you happiest?

For many, retiring by 50 (or in your early 50s) offers a happy medium. It allows you to have a fulfilling career while still retiring early enough to enjoy your later years. Here are some steps to achieve this balanced approach to early retirement.

This post originally appeared at Kiplinger.