How Can I Retire Now?

The age-old question of how can I retire now is becoming more troublesome as time passes. According to a Gallup poll people under the age of 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 sets in. 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 the time of retirement. This amount of money as a supplement to social security will not last very long.

For you 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.

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Social Security

And what about social security in America? The way everyone talks about social security, 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 availability of social security funds in America.

nothing left on a social security card

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 at $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 future payout are expected 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 rise in the economy and the decrease in retirement savings, you will not have an income to help you live. 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?”

How can I retire now? Some ideas

Three ideas

1. Continue working well into your 70s
2. Become a nuclear family
3. Start an online business with full training

Laura and Jason riding on a harley in new zealand

You can work longer. Many Americans are working into their 70’s 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 70’s, but the output of your work will decrease which will make it difficult to keep a job.

Some are working because they love to work. But wouldn’t it be nice to set your hours and work when you want to. Then you can take the honey away when you choose to go on a cruise or a motorcycle ride.

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?

You can live with your family. They can foot the bill, and with your supplement of social security, you will have a good life. The extended family unit is not as accepted here in America but it is an excellent alternative to working if you have declining health.

The only problem with this is the average income of workers today may not be enough to feed another mouth or two. This option takes us back to the beginning of how can I retire now.

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.

For many Americans age, 55 to 70 affiliate marketing sounds like a strange suggestion. You know a bit about the internet, but you don’t think you know enough to start an online business. I believe you do know enough and with the right training you can set up a very lucrative business right from your home.

I am 62 years old, and I did retire from my job 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.

I stumbled onto a company named Wealthy Affiliate while researching another subject. It was a God-given thing for me. I didn’t know what I would do with my retirement time, but I knew my days of emergency room nursing were coming to a close. The physical demand was becoming too much for me.

Affiliate Marketing

You can start and online affiliate marketing business. I started my business a couple of years before I retired. It takes time to create an online business so you want to start early. You can even start it as early as 20 or 30 and add to your retirement.

I will give you an idea of how you can begin because it is the way I did it.

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At the top of this article, you see a box with an eBook. Suppose you want to learn more about setting up a business online; just put in your email address and download my book. I talk all about affiliate marketing. Once you finish that, I will break it all down for you and send you weekly emails with information on how to get started. You can earn a passive income online from home.

I also offer an alternative way to learn. I learned all I know from the Wealthy Affiliate Platform. You can sign in and set up an account with WA. I will be your personal mentor, as well as the full support of a like-minded community.  

When you sign into Wealthy Affiliate Platform, I will receive a notification and send you an email. You can reach me by responding to that email. On the inside, I am your personal mentor and here to help you succeed whenever you need me.

My Simple 4-Step Formula

How to earn money online and work from home.

 Make your first $10,000 right from your laptop.

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14 thoughts on “How Can I Retire Now?”

  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.

    Reply
    • 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. 

      Reply
  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.  

    Reply
    • 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. 

      Reply
  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.

    Reply
    • 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.

      Reply
  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?

    Reply
    • 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. 

      Reply
  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!

    Paul

    Reply
    • 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. 

      Reply
  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

    Reply
    • 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. 

      Reply
  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.

    Reply
    • 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. 

      Reply

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