Can retiring early improve your health?
If improving your health, or the environment’s health, is important to you, you may want to consider retiring early.
Retiring early can help you to live longer
Multiple studies have shown that retiring early can actually increase your life expectancy. Research has found that employees who retired at 65 received their pension for only an average of 18 months before they died. However, people who retired before 65 received their pension into their 70’s and 80’s.
Another study found that retiring early has the same positive health impacts as going to the gym regularly and eating healthy meals. On average, early retirees lived more than seven years longer than their counterparts who retired at the expected retirement age.
There is one slight condition to retiring early to live longer, though. A book by Martin Seligman, found that people who retire and slip into inactivity tend to face health declines. Fortunately, the savvy early retiree knows that you need to find ways to fill your time…
Early retirement allows you to focus on your hobbies
The key to a fulfilling early retirement is finding passions to fill your time.
According to a Mayo Clinic study, “lifelong learning is the key to maintaining cognitive function”. When you have time to delve into your projects and hobbies you’re actually keeping your brain flexible. Therefore, keeping it in tip-top shape for longer.
Spend time with the people who matter to you
Spending time with loved ones can make your brain function better, improve your mental health, and even help you lower your blood pressure.
When you retire, you’ll have more time to dedicate to your relationships.
Having strong social connections has been found to give you a 50% higher chance of surviving any health obstacle.
Retiring early can lower your carbon footprint
A study found that people who downsized to houses under 400 square feet reduced their carbon footprint by about 45%.
Even if you don’t decide to downsize, simply ending your daily commute to the office can majorly reduce your environmental impact. People who commute to work generally waste 38 hours idling in traffic each year. How much fuel you will save not having to commute all depends on the type of car you use.
Can you afford to live longer?
You may be wondering if you can afford to retire early. What if you outlive your savings thanks to all the new health benefits you’re reaping?
We can help make sure you are on the right track to retire early. Contact us and let us help you to achieve the financial security and confidence to retire early.