More Americans than ever before are retiring early due to seven key factors reshaping our approach to work and retirement planning.

• COVID-19 accelerated early retirements with 2.6 million more people retiring during the pandemic than expected
• Average retirement age dropped from 64 in 2019 to 62 in 2022, one of the sharpest declines in decades
• The FIRE movement (Financial Independence, Retire Early) has grown by 300% in searches between 2018-2023
• Strong market performance created record numbers of 401(k) millionaires
• Remote work flexibility enables 40% of workers to retire 2-5 years earlier than previously planned
• 68% of Americans have reprioritized work-life balance with 47% willing to accept lower income for more freedom
• Health concerns prompted 25% of early retirees to leave the workforce sooner than expected

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Ari Taublieb, CFP ®, MBA is the Chief Growth Officer of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients retire early with confidence.