If you feel like you are never going to be able to save enough money to fund an early retirement or retirement in general, then you may be happy to know that the Numbers Support Partial Retirement as a perfect consideration. Partial Retirement fits in nicely with my Retire Early and Often lifestyle. I am totally open to it. Partial Retirement is usually defined as retiring from a full-time and possibly stressful career to work part-time. Or at least to work where you have more flexibility. Hopefully doing something that is more aligned with your passions and interest. This could be a job as an employee or your own business. Obviously for most this means you are of adequate health to continue working your dream partial retirement gig.

A New Retirement Mindset and the Numbers

For a successful retirement we should always be retiring TO something not just FROM something. We create a vision of what that will be so we save and invest to make that visualized lifestyle happen. Obviously the less needed to fund that dream retirement lifestyle means less money will be necessary in your retirement portfolio to support it. It may take even less in your portfolio if you change your retirement mindset to consider Partial Retirement. Think about it, retiring from a full-time career to working part-time doing something you love to do.

Look at it this way, if you were to make $10,000 a year as a Golf Pro or Fly Fishing Instructor then that is the same as having an added $250,000 in your portfolio using the classic 4% rule withdrawal strategy. Make $20,000 and it is like an extra $500,000 in retirement portfolio assets.

When your work is aligned with your interests and passions then what do you need to retire from? NOTHING.

What Partial Retirement does is give you a way to retire early when your career’s salary wasn’t high enough to have a super-sized portfolio even with all your debt elimination and frugal lifestyle.

Numbers Support Partial Retirement, Here’s what’s Required

• You have to have interest in doing something and be someone who is ready and willing to chase their own adventure.
• Identify your interests and passions based on your past career and personal life. Include hobbies and experiences and then look at the skills you have developed and where they overlap with your favorite activities.
• Always have an open mind and open eyes to opportunity and adventure.
• Utilize your network and the relationships you built over the years.
• Figure it all out before you retire. Start doing it part-time or start doing it as a side hustle. If you need certification to become the Scuba Instructor you have always dreamed of being then get it.

To Conclude

Not everyone has adventure sized dreams to turn into a partial retirement. Your interests and passions may be as simple as you want to be social and love working with or helping people. You may have a personality that just attracts people and you can sell fire to the devil. The point of this post is that the traditional retirement may be out of reach to many. Out of reach due to lower-income or a late savings start.

But instead of suffering through a career or job that you feel is slowly killing you 40 hours a week. Instead of working until you are age 70 for increased Social Security. Instead consider the partial retirement. It may just be the alternative retirement that will get you to your visualized lifestyle much sooner. Even if you do have the portfolio to support your retirement lifestyle. Being open to part-time opportunities that align with your interest and passions will only add to your retirement. It is an adventure.

Would you consider partial retirement or do you know someone who is living the partial retirement lifestyle?