Is It Possible to Retire by 45?
Age 65 has traditionally been viewed as the standard retirement age. It's when people become eligible for Medicare, and it was the original full retirement age (FRA), at which people are eligible for their full Social Security benefits.
Still, it is possible to call it quits earlier than that, and there are even tools to help. For instance, you can start taking penalty-free withdrawals from your IRA as early as 59 1/2, and you can even get at your 401(k) as early as 55 if you retire at that age from the employer that sponsors it. Retiring even earlier than that takes dedication and planning. But with sufficient foresight, it might be possible to retire even as early as age 45.
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Source Fool.com
