Instead, Morrissey warns that retiring early and before reaching state pension age means your own pension provision needs to take the strain and you may miss out on investment gains.
Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, said: “Retiring early may seem like the dream but if you want to make it happen you will need to make your pension work hard.
An early retirement may sound like a dream but you will need to do it without the state pension if retiring at that age.
There is no longer a default retirement age in the UK and while you won’t get your state pension until age 66, there is nothing stopping you retiring earlier - as long as you can afford it.
“The earlier you stop working, the longer your pension pot needs to last, and you’ll need to bridge the gap before the state pension kicks in.”.
