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The cost of early retirement

Considering early retirement? It is something most people think about, but it can be expensive.

Let's look at Eric's three retirement scenarios. Depending on what age Eric chooses to retire – 55, 60 or 65, he will need to save the following amounts each month.

If Eric retires at age 55 60 65
He needs to save the following amount per month from age 25 $453.84 $298.91 $195.34