Here's how you can RETIRE AT 40

With the right kind of savings and investments, it is possible to retire early in life, says Vijay Valecha, chief investment officer at Century Financial, who is himself on that journey

- Vijay Valecha

It almost sounds improbable, but is it actually possible to retire at 40?

It’s definitely possible – and not just probable, it is also doable. There are just certain do’s and don’ts.

The first and the most important one is to never ever expand your lifestyle too much. Being in Dubai, it’s the easiest thing to do. People tend to expand their lifestyles and spend much more than they actually earn.

I’m not saying that people should just postpone their holidays or put aside things just for the aim of retiring at 40. But the idea is to just have a smaller budget and be more planned for each one of those activities.

The reality is that you don’t require a huge amount of capital to be retiring at 40. An example is what I call it as the ‘5 to 15 rule’.