Early retirement: When you can retire early with little loss

Early retirement: When you can retire early with little loss

Many people want to retire early and not work until the standard retirement age. This is possible, but the decision should be weighed up financially

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Only a few people today want to continue working until they reach the normal retirement age. In recent years, around half of employees in Germany have applied for a statutory pension before the actual retirement age – this is possible if you have already paid contributions for a long enough time. However, you need to be well prepared for an early retirement so that you don’t receive much less money in early retirement.

Source: Stern

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