With the right strategies and reduced expenses, it is possible to retire early.
(Photo: Getty Images)
Munich Many people dream of retiring before the statutory retirement age. The good news: The investment rules of the so-called FIRE movement can theoretically be used at any age to get closer to financial freedom.
The abbreviation FIRE stands for “Financial Independence, Retire Early”, financial freedom and early retirement. The trend comes from the USA, but meanwhile there are also more and more followers in Europe.
But how can early retirement be planned at the age of 30, 40 or 50? In order to answer this question, the Handelsblatt has created three fictitious people: Nele, Martin and Susanne. Based on their typical life situations, we calculated how much they have to reduce their expenses in order to be financially free at the desired time.
Retire earlier – case study 1: Nele
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