Early Retirement Can Actually Make You Live Longer #Early #Retirement

Early Retirement Can Actually Make You Live Longer

Financial Independence Retire Early (FIRE)

Nothing that we didn’t suspect, but apparently science supports the fact that if you retire early, you will live longer!

We find that induced early retirement decreased the probability that a man dies within 5 years by 2.6 percentage points. (ncbi)

This study estimates the impact of early retirement on mortality using the Dutch public administration.

Other studies have also confirmed the same conclusion:

“An analysis in the United States found about seven years of retirement can be as good for health as reducing the chance of getting a serious disease (like diabetes or heart conditions) by 20 percent.” (JHR)

Whether we like it or not, our health and average life expectancy are directly impacted by our savings.  Researchers in the US discovered that people who lost at least 75 percent of their savings in middle or older age, were 50 percent more likely to die in the next 20 years (The Telegraph). Harsh.

Not only should you save money, but also invest wisely and according to your risk tolerance.

Early Retirement

First of all, if you retire early you can invest your time in a more healthy way of living. You can sleep more, exercise, and pay more attention to anything that happens in terms of health issues.

Secondly, your stress naturally decreases. Stress can be a major contributor to hypertension. Individuals in this study were less likely to die from stroke or cardiovascular disease.

 What Should You Do With the Free time

Bear in mind that there are also other studies that extract opposite conclusions from the consequences of early retirement (read here). Being in a work environment can keep you active and most important, as you work alongside others, you will have that sense of belonging.

Being retired is about making a transition to a new lifestyle. Thinks to keep doing:

  • Learn, learn and learn. This is the golden opportunity to learn something without the pressure of work. You have all the time in the world, make it count and never stop learning. A new language, music instrument, learn how to code, and so on. If something goes south with your investments you can even start working again if needed. With more skills.
  • Keep exercising. Learn a new sport, walk, swim, travel, be active.
  • Friends and Family. Keep expanding and connecting with your friends. Build new relationships, and spend more time with your family. Organize parties, dinners and so on. Active social roles, such as volunteering or being an active part of the community have beneficial health outcomes in retirement.

The trouble with retirement is that you never get a day off.” – Abe Lemons

Early Retirement Can Actually Make You Live Longer #Early #Retirement

And you reader? Do you think that early retirement can help you with your health? What suggestions do you have for a fulfilling retired life? 

About GTRetire

GTRetire is the founder of GrowtoRetire, a blog about financial independence and early retirement. Click here to learn more about starting a blog! Also, this post may contain affiliate links, please read the disclaimer for more info.

2 thoughts on “Early Retirement Can Actually Make You Live Longer

  1. This wasn’t hypothetical to me since I retired slightly early. Both of the studies you cited dealt with people my age, around 60, which I found encouraging. There really isn’t much peer reviewed science on early retired millennials or Gen X’s. One suggestion I’d make is to consider continuing to work part time. I have several paid side gigs that take on average two days a week but are mostly location independent and time flexible. They provide expense account funded travel and keep my withdrawal rate at zero. Even having excess funding doesn’t entirely eliminate stress over money if someone is continually drawing down assets after a lifetime of building them.

    1. And your suggestion is spot on. I do believe like you that the majority of retirees would be better if they continue to work part-time. Especially if you can’t find alternatives to use your free time. Thanks for your comment!

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