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Is retiring at 55 a good idea? A complete guide

According to a 2025 report by SmartAsset, retiring at 55 means planning for 30 to 40 or even more years of living expenses, requiring a significantly larger nest egg than a conventional retirement. This critical fact highlights why anyone asking, "Is retiring at 55 a good idea?", must meticulously plan their finances, healthcare, and lifestyle for this extended period.