Are You Afraid to Retire?

Thank you for your web site, at 53 I have 25 times what I need in retirement income. I really think that that is enough, at a 4 percent withdrawal rate. I am having trouble with severing the ties and just doing it, actually retiring. I seem to be so institutionalized to work that the fear of retirement is real.

Looking at your web site gives me a peek through the retirement door that freedom can offer.

How can I deal with the fear of stepping over the retirement fence?


Hi Brant,

Thank you for your kind words about our site and for taking the time to write.

Congratulations on your (possible) upcoming retirement!

What you are feeling is perfectly natural. You are considering making a huge lifestyle change, and of course, you don’t know what the future will bring. But at some point, you must take the training wheels off the bicycle and ride on your own.

While you might have enough money to retire, there is an emotional component of retirement that is seldom addressed. This is where you are finding yourself.

That being said, you might try semi-retirement by getting a part time job or  volunteering for pay. This could ease yourself into having more free time and will give you a schedule for your days.

Life is an adventure, follow your dreams.

You could make a list of all the things you want to do with your time, all the things you want to learn, places you want to see, and have the excitement of this list pull you forward.

One thing that will surely help you is if you track your spending. In this way you will know in real time how much of your net worth you are consuming. Tracking spending is a great way to bring one confidence in their retirement plan because you always know where you are financially.

Have you already decided what sort of retirement you are seeking? Do you want to keep your home? house sit? exchange your home with another couple and travel? move to a less costly location? Do you have hobbies you want to pursue?

The more you think about what sort of retirement you want and what will fill your days, the easier it is to move forward into your dream.

I hope you will find these suggestions useful. Please keep in touch and let us know how you are doing.

Wishing you every good thing,

Akaisha and Billy

About Retire Early Lifestyle

Billy and Akaisha Kaderli retired three decades ago at the age of 38 and began traveling the world. As recognized retirement experts and internationally published authors on topics of finance and world travel, they have been interviewed about retirement issues by The Wall Street Journal, Kiplinger's Personal Finance Magazine, The Motley Fool Rule Your Retirement newsletter, nationally syndicated radio talk shows and countless newspapers and TV shows nationally and worldwide. They wrote the popular books The Adventurer's Guide to Early Retirement (Your Simple Path to FIRE) and Your Retirement Dream IS Possible.
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