Group 1 - The concept of retirement is more about achieving a specific financial target rather than simply reaching a certain age [1] - A YouGov poll in 2024 indicates that 33% of U.S. adults aspire to retire before age 60, with nearly 18% believing it is achievable [2] - A three-step strategy is proposed to help individuals retire earlier than expected [2] Group 2 - The current personal savings rate in the U.S. is only 3.5%, which is insufficient for early retirement [3] - A typical worker earning $60,000 would save only $2,100 annually, leading to a retirement savings of $1 million in 71 years if invested in Treasury bonds yielding 4.5% [3] - Increasing the savings rate to 15% could reduce the time to reach $1 million to 41 years, significantly shortening the timeline [4] Group 3 - Investing for growth is essential for achieving early financial freedom, as it can yield higher returns compared to traditional savings methods [5] - Allocating savings to stocks, ETFs, or REITs may provide stronger returns than savings accounts or bonds [5] - Vanguard's S&P 500 index fund has delivered a 14.8% annualized return since 2010, and even a modest 10% growth rate can significantly impact retirement savings [6]