What happens when you reach 55? For many, this watershed year marks their buyout or downsizing of a company—meaning retirement. But, Postpandemically, could you survive? If you are looking to retire early from the workforce, this is a question you may be asking. The traditional retirement age is 65 for most people. However, early retirement can give you more time to pursue hobbies and explore new interests. It’s vital to have a solid financial foundation before you leave your job. Calculating the numbers can help you decide if retirement at 55 is feasible. A financial advisor will help you to estimate when you might be ready to retire. At 55, Can I Legally Retire The retirement rule book doesn’t say you can’t get out of work at 55. Some members of the FIRE (financial independence and retirement early) movement plan to retire at 40. If you want to retire in …