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How Can I Retire Now Is An Age Old Question?

The age-old question of how can I retire now is becoming more troublesome as time passes. According to a Gallup poll, people under 30 predict they will retire at less than 60 years of age. As they age, their personal prediction rises. The closer to retirement a person gets, the more reality they see. The average retirement age is now 67 years old.

Why can’t you retire before age 67? The average household in America saves only 12% of their income for retirement. Which means you will only have $125,000 saved at retirement. This amount of money as a supplement to social security will not last very long and may not match your retirement goals.

To retire at the age of 67, you will need a little over one-half of a million dollars to supplement your income. WOW!!! These numbers are daunting in comparison to the average amount retirees have saved. As mentioned above, it is approximately $125,000.

How Can I Retire Now?

I am talking about retiring when you are in your 50s or 60s and not working until 70. There are many ways to do this. One way is to do part-time work while saving up enough money to live. Another option is to start investing early in life to accumulate an adequate amount of savings by reaching retirement age.

And what about Social Security? Will we need to supplement our retirement income? 

How Can I Retire Now On Social Security

And what about social security in America? The way everyone talks about the social security administration, it may no longer be an option.

In 1935 president Franklin D Roosevelt set up social security to supplement retirement income. The ones who worked received their social security upon retirement. But in the 1950s, social security changed and was available to disabled workers. This change marked the beginning of concern for the availability of social security funds in America.

As the baby boomers came along and the rise in the economy, the social security benefits held their own until 2017. The amount of money paid out now exceeds the amount taken in. If you earn an average income of $57,000 a year, you should have $403,000 put away for retirement at age 67.

The baby boomers are now retiring, and the next generation is a smaller percentage of people to pay into the system. The social security benefits for a future payout expect to drop by one-quarter of the expected income for retirees. And by the year 2034, social security is supposed to be nonexistent.

These predictions are ominous for the future of Americans expecting to retire. With the economic rise and the decrease in retirement savings, you will not have an income to help you live.

The Laura Method

How can I retire now, will no longer be the question? The questions will be more like, “how will I pay the bills and put food on the table?”

3 Ideas On How can I retire now? 

1) Start Saving For Retirement Now! Or continue working well into your 70s

2) Create A Side Income Stream To Supplement Your Retirement Income 

3) Start an Affiliate Marketing Business

Start Saving For Retirement Now! Or Continue Working Well Into Your 70s.

Do you want to retire early, then you must start saving today. It’s tough to come up with extra money, I know, but in your 50s, it is a bit late to build a large nest egg. But it’s never too late to put some money away. 

It is so important to start that 401Kor 401B. You don’t even have to contribute much to get started. Just make sure that you contribute something each month, even if it is only 5% of your take-home pay. That’s still better than nothing.

Never dig into your nest egg to cover other expenses. Just pretend as if it doesn’t exist.

But if you want you can work longer. Many Americans are working into their 70s to supplement their retirement income. The demands of a job are taxing on the body as we age. I believe you can work into your 70s, but the output of your work will decrease, which will make it challenging to keep a job.

The young have the stamina that corporations want. Today the production required of employees is increasing and demands higher energy output. How will you keep up with these energy demands?

Create A Side Income Stream To Supplement Your Retirement Income 

Many people think they need to quit their current job to create another source of income. They feel that they cannot afford to lose their current position because they need health insurance and a pension plan.

I agree that you should look for a new job, but you do not have to give up your current job. You can supplement your income in many different ways without quitting your current job.

You can start a side business from home and sell products through Amazon FBA (Fulfillment By Amazon). If you have a skill that others could use, then you can start an eCommerce store. You can also sell digital goods such as eBooks, software, video courses, etc.

If you are in your 50s and don’t want to work forever, you can start a side hustle and put that money into a retirement fund. 

Then there is a third option I chose when I retired at the age of 61.

How Can I Retire Now With Online Marketing

The third option I offer is to continue working but not in a job that requires an increased expenditure of your energy. People are making money online today, and one of those ways is affiliate marketing.

Affiliate marketing is where you promote someone else product and earn a commission based on sales generated by your promotion.

Thousands of companies out there would love to have you promote their product. All you need to do is find them and sign up to become an affiliate. Then you promote their product, and you can earn commissions on every sale.

The best way to start an affiliate marketing business is with a niche website, and there are training courses that will teach you how to do this.

The suggestion of building a website for many Americans aged 55 to 70 sounds strange and a bit out of your element. You know a little about the internet, but you don’t think you know enough to start an online business. You know enough, and with the proper training, you can set up a very lucrative business right from your home.

I am 65 years old, and retired as an emergency room nurse on Sept 6, 2018. I was 61 at the time. Just like you, I knew a bit about the internet but not enough to make money at an online business.

Start An Affiliate Marketing Business

Affiliate marketing is simple once you get the website set up. It is kind of like a rinse and repeat process. You choose a niche which is something you enjoy and promote products within that niche. 

How Can I Retire Now pin

Learning is an excellent way to keep your mind young, and an affiliate marketing business is something you can do from home. No driving into work each day and wondering how you will have the energy to keep working. 

I started my business a couple of years before I retired. Creating an online business and increasing your monthly cash flow takes time, so you want to start early. Not to mention, it is something you can also do on the side while you are still working. 


How can I retire now is an age-old question, but I have listed 3 ways you can move toward your goal of retirement. 

Learning and knowledge will keep your mind young and agile, so starting something new can help you live longer and increase your lifestyle in retirement.

Find the right training for you with support and guidance, and you can be on your way to a brighter tomorrow.

What is your retirement dream, and how will you achieve a comfortable retirement?

The Laura Method

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14 thoughts on “How Can I Retire Now Is An Age Old Question?”

  1. I just retired myself, and I can tell you social security pays literally nothing, so making extra money online is an absolutely necessity for me in my life.  I haven’t saved nearly enough money (never was very good at that lol), but I wasn’t about to wait until I was 65 to retire so here I am.  I really love the Wealthy Affiliate program, and it’s awesome that you aren’t forced to upgrade. It’s a choice you can make or not make and that is what really proves the legitimacy of the program.

    • Hi Babsie, I am right here with you on retirement. Social security doesn’t even begin to cover needs. So many people will need to make extra income just like you and I are. I also love Wealthy Affiliate. I did choose to upgrade because there are so many benefits to me. But you are right no one has to ever upgrade if they choose not to. 

  2. I couldn’t agree with you more, retirement is a very important subject that everyone has to prepare for. You’ve outlined some strong points here and I’m beginning to consider the age for my retirement. Thinking through the options you gave, working for someone in my 70’s would be a very bad decision on my side. That sounds much like slavery to me because if in one’s youthful age you couldn’t make enough to cater for your retirement what guarantees that the money you make in retirement would be enough for a better life. 

    I would rather consider building my business now in online marketing as the opportunities with the internet today is enormous. Besides, I’m almost using the internet all the time and I think it’s better to leverage it for my retirement. Thanks for the ideas you’ve shared here.  

    • It is very wise for you to begin planning for retirement now. As we get older we have much to offer in experience and wisdom but the energy level does decrease. So I suggest that as you increase your income through internet affiliate marketing that you save for retirement. Save all you can. When the day comes you will still have your business and you will have money to enjoy life. 

  3. I love the affiliate marketing idea. I already have one niche site set up that markets my own product with another that is geared toward affiliate marketing. While I still have ways to go before I make a full-time income, I’m seeing more and more traffic for my sites by the week. My plan is within the next couple years to “retire” from my day job and focus on my sites and products I release. It’s not an alternative, but the way of the future, I believe.

    • Hi Todd, you are so right in your statement ” It’s not an alternative, but the way of the future, I believe.” Affiliate marketing is what the world is turning to. Just like JC Penny and Sears were the way back in the 80s so affiliate Marketing is the way now. It will never be saturated with the billions of people shopping online.
      Good for you on your websites. You are young to retire. I am so happy for you.

  4. To me, affiliate marketing is a thing of the future. I have two niche sites up and running and one of them is geared toward affiliate marketing. I agree wholeheartedly about your views on social security. It simply won’t be there when I retire and at 27, I believe my prediction bodes accurate. There’s another way, and that’s learning to affiliate market or market your own products, or both. Do you think affiliate marketing is going to be the go-to for primary income within the next ten to fifteen years?

    • Oh my, Todd, affiliate marketing is going to be the only way in the next 10-15 years. Brick and mortar stores are closing. Everyone is turning to online buying. We are in the right place to grow a very lucrative business online. and the really cool thing is: It will never grow old. There is enough room for everyone with billions of internet users out there. 

      People talk about getting in on the ground floor before things are saturated. They don’t say that about affiliate marketing. It will always be the ground floor. 

  5. This article has been a thrill to read, Laura. You have encompassed all that I have heard about WA through your experiences. I too have taken the steps to being a Premium member of WA. 

    I absolutely enjoy the training and the awesome community and support that comes with the program. I shall point my friends and family members to this awesome site, simply because of its straight forward, no-nonsense information

    Brilliantly done!

    All the Very Best!


    • Thank you so much, Paul. I only want to give the truth. And wealthy affiliate is, in my opinion, the only respectable platform in the business. 

  6. So so many useful tips and tricks all on one page! Wonderful! I bookmarked to look further. This is insightful and I must say its lovely This is an eye opener for me I love the three ideas on retirement you outlined in this article.

    I also resigned my job last year and i am now a full time blogger. I never regretted my actions 

    Thanks for sharing this lovely tips. its well appreciated

    • Thank you. I too am a full-time blogger doing affiliate marketing. Isn’t it the best ever? I love the flexibility and time it provides me to set my schedule. I also love the income. Traveling is so important to my husband and I. We can take many vacations now and do all the things we have dreamed of. 

  7. You so right its bit good for one to retire without having a source of income and I would recommend marketing as one.

    Affliate marketing would be the best option or probably open your online store this would assure more flow of incomes to carter for your family and daily needs.

    And thanks for mentioning wealthy affiliate they would be the best platform to start your affiliate marketing on.

    • You are welcome. Wealthy Affiliate is the only platform in my opinion. They have taught me so many ways to make money online. I can’t possibly go into all of them. I only hope that those who are in need see this post and take a look around. I know just like myself and so many others they will see how incredible it is. 


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