The one thing we find in common with most of our transitioning retiree clients is that they hate their job. I think it’s mostly burnout or retirementitis (similar to senioritis from high school). Most of the time it has to do with the fact that they have been working the same job for the past 20-plus years!
This dislike for their current position leads people to retire sometime in their early to mid-60s.
The problem with retiring that early is, when retired, most people will have a fixed income (meaning a paycheck you can count on) from one source, Social Security. Outside of a Social Security check, when retired, most people rely on their retirement accounts and savings to make ends meet.