Retiring at 62

Retiring at 62 could mean funding 25 or more years of retirement. As a result, you’ll need a larger portfolio and a disciplined withdrawal strategy.

Health insurance is also a major concern. Medicare doesn’t begin until age 65, so you’ll need to fill that coverage gap. Options include a spouse’s employer plan, COBRA, the ACA marketplace, or private insurance.

In addition, claiming Social Security at 62 permanently reduces your benefit by up to 30%. That reduction can meaningfully affect your lifetime income.

Retiring at 65

At 65, Medicare eligibility closes the insurance gap. However, claiming Social Security at 65 still pays less than your full retirement age benefit.

How to Retire Successfully at 62 or 65

Whichever age you choose, a few things matter most:

Enough savings to bridge any income gap
A clear plan for healthcare coverage
A strategy for when to claim Social Security
A realistic projection of how long your money needs to last

Moore Invested helps Atlanta-area clients weigh these trade-offs and build a retirement plan around their timeline.

Retirement Readiness Quiz: When Will You Be Ready to Retire?

Answer a few questions about your timeline, goals, and resources to see a single retirement readiness score—then schedule a consultation if you would like a deeper review.

Retirement Calculator: How Much Do You Need to Retire?

A retirement calculator estimates whether your savings, contributions, returns, and retirement age can sustain your lifestyle—and where gaps remain.

How Much Money Do I Need to Retire?

How much you need depends on lifestyle, expenses, retirement age, longevity, and guaranteed income—not a one-size-fits-all number.

Retire at 62 vs. 67: What Is the Difference?

Choosing between 62 and 67 involves tradeoffs beyond five more years of savings—Medicare, Social Security, and how long your portfolio must last.

How Much Should I Save for Retirement?

Many professionals target 10% to 15% of gross income, but your right savings rate depends on when you start, what you have saved, and your retirement goals.

Will I Run Out of Money in Retirement?

Longevity risk is a common fear—and a 25- to 30-year retirement requires careful planning around withdrawals, inflation, healthcare, and guaranteed income.

What Is a Retirement Income Gap and How Do I Close It?

A retirement income gap is the difference between the monthly income you need and what Social Security, pensions, and other guaranteed sources provide.

What Is a Retirement Stress Test?

A retirement stress test shows how your plan holds up under poor markets, high inflation, healthcare shocks, or living longer than expected.

Early Retirement: Is It Right for You?

Early retirement can mean decades without work income—requiring more preparation for healthcare, Social Security timing, and sustainable withdrawals.

How to Retire Early: A Practical Guide

Early retirement takes disciplined saving, smart investing, and a plan for healthcare, account access, and Social Security before traditional retirement age.

Retirement Readiness: Are You Truly Prepared?

Readiness is more than a dollar amount—it includes income planning, healthcare, taxes, estate documents, and how you will spend your time.

Retirement Transition Planning: Navigating the Years Before and After You Retire

Decisions in the years before and after retirement can shape your security for decades—from Social Security and healthcare to withdrawals and lifestyle changes.

Should I Retire or Keep Working?

The choice is rarely purely financial—but working a few more years can meaningfully improve savings, Social Security, and healthcare coverage.

What to Do When Unemployment Runs Out Before You Are Ready to Retire

If benefits end before you are ready to retire, start with your full financial picture—savings, income options, expenses, and realistic retirement timing.

How Long Does Unemployment Last and What Comes Next?

Standard state unemployment benefits vary widely—Georgia offers up to 14 weeks—so pre-retirees need a plan for coverage, bridge income, and retirement timing when benefits end.

Can I Retire at 62 or 65?

Retiring at 62

Retiring at 65

How to Retire Successfully at 62 or 65

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