There are a lot of people who want to retire from work earlier because, for example, they would rather travel or have another ambition in life. Sometimes it can be difficult to determine whether you can retire early and whether it will be a big problem to stop working early. Many people make a mistake here, because it is very important that you have arranged everything well before you retire. This is because you did not retire at the legal age of 67. Retire early is, in fact, not a good idea for everyone.

Up to 3 years earlier

Some pensions pay out earlier. This means that they can pay out your pension up to 3 years earlier than you are 67. This means that you will have a pension 3 years earlier. However, you should bear in mind that all the pension that you have built up will be spread over several years. 

That's why it's so important that you find out if this is something for you, or if you can't make ends meet. That is why it is so important that you always find out everything first. Some retirement benefits also don't do this at all.

So you can start your retirement up to 3 years in advance, but it's important to figure everything out and see if you're ready if necessary. It may also be that it might be a better option to start working less, but not to stop working completely. 

This is also an option that people often forget, and many people are also mistaken about the fact that it can be quite boring to stop working altogether and to do nothing for the rest of your life. Of course, this does depend on what your ambitions are. If you have many big ambitions, it is of course different from when you actually have nothing else in your head that you can do.

Own money

You will also be able to choose to just save up a lot of money yourself before you retire. That way you can live off that money until you get your pension at 67. That way you will always have money because you have saved up all that money yourself. 

It is important, however, that you are sure in advance that you have enough money to get by. Everyone gets by on a different amount. There are people who live on twenty-five hundred euros, but there are also people who live on fifteen hundred euros. This depends on how you want to manage your pension and whether you can manage at all on that amount. If you all have fixed expenses, this can still be quite difficult. 

Therefore, it is always useful to find out how much money you want to have in the month and how much you need to save for your retirement. There are many different calculations you can use and the internet is full of them. This means that it is very easy for you to determine how much pension you need before you receive your real pension. 

This way you know if you can retire early and how much honor you have. It could be that you want to retire 5 years earlier, but maybe you want to retire 10 years earlier. In that case you will need much more money than when you want to retire earlier and only two years earlier.

Leave

You could choose to accrue a lot of leave and be able to retire hundreds of weeks earlier as a result. Since 2021 you can take 100 weeks leave, but previously this was only 50 weeks. It is what but actually to see if this is possible with your job and if there are no certain rules or something in the contract that makes this impossible. 

 Therefore, it is very important to find this out as well, but if you have checked it out properly, you can possibly take up to 100 weeks of leave until you retire. In this way, you can actually retire two years earlier.

This is not an option for everyone. This is because you may have used this leave before, or you may need to use it before. Therefore, it is important for you to know what works best for yourself. At the time you need it, it may be convenient for you to have it.