§ 22128 Early Retirement Age Definition

• •Early retirement means you can stop working and get some money from your job’s retirement plan at age 55.
• •If you retire at 55, the money you get each month will be less because you’re younger.
• •You don’t need any special skills or extra rules to retire at 55—just reaching that age is enough.

A teacher works for 30 years and wants to retire at 55.

The teacher can start getting retirement money at 55, but the monthly amount will be smaller than if they waited until they were older.