How to Retire at 62 with Little Money [It’s About Value]

How to Retire at 62 with Little Money - Rebel Retirement

As Boomers, my husband and I know that people want to retire, but are worried about money. And with Just in Time Retirement – an innovative retirement lifestyle plan, you can. With the tips we offer, you have the freedom to develop a lifestyle to fit your needs. It doesn’t cost anything except the discipline to try it. But you will need to determine what you value.

Just in Time Retirement is a continuous improvement lifestyle plan based on respected business principles. It’s value-driven and the way that Rebel Retiree and I have lived our lives. It’s a great way to retire earlier instead of later. We retired from full-time work at 50. It’s worked well for us. And we think it will work for you too.

Just in Time Retirement can help you retire at 62 whether you have a lot of money or not. The method makes the most of your time and money by eliminating waste as a way to pay for retirement.

The goal of this article is to give you important insight for success. It was purposefully designed to give basic fundamentals to achieve the goal of retiring at 62 without a lot of money. However, the other articles mentioned should be read so that you can achieve full clarity of how the method works.

At the end of this article, you’ll find a link to our FREE Just in Time Retirement series so you can delve deeper into the principles.

Consider these recommendations. 

  • Make sure your spouse is on board with this plan. They need to be able to understand and support your decision. 
  • Conquer retirement peer pressure and ignore the influence of friends and family who don’t know what’s best for you.
  • Make peace with money and learn to let it flow. We’ve all been conditioned to think certain ways about money and it hasn’t always been good.
  • Be independent and chart your own course.

Next up are 5 keys to unlocking the door on how to retire at 62. Please follow the links as they give important information for success.

Also, take time to understand the material as this will be critical to your success. The steps are logical, but you have to have the courage to follow them. 

5 tips for success if you want to retire at 62.

The average age of retirement is 62, according to the Social Security Administration. If you want to retire at 62, but are worried about your financial future, the following 5 tips should help you achieve that goal. 

Disclosure: This article contains Amazon affiliate links to products we recommend. If you click through and make a purchase through these links, we’ll get a small commission, but you won’t pay any extra. Thank you!

1. Be Self-Reliant

Older Couple - Rebel Retirement
Photo by MART PRODUCTION from Pexels

A self-reliant individual is an independent thinker. It’s someone who has the confidence to make their own decisions without the influence of peer pressure. Self-reliance is a mindset that allows an individual to be their own boss. It shouldn’t be confused with self-sufficiency where one provides for their necessities without relying on the assistance of others. Being self-reliant is an essential ingredient to a successful retirement at 62 with little money.

Read: What is a Self-Reliant Retiree?

2. Get Out of Debt

Debt - Rebel Retirement
Photo by Tima Miroshnichenko from Pexels

It’s very important to get out of debt and live on a cash basis. When Rebel Retiree and I retired to the Northwest, we decided we never-ever wanted to carry debt again. Debt made us feel bad. Our lives now are so much better because we don’t have to worry about being late on our bills or feeling stressed out about our debt. Therefore, if you want to retire with little money, you don’t want to have to worry about mounting debt. Pay it off now.

Read: What is it Like to be Debt-Free? 8 Traits of a Debt-Free Retiree

3. Take Charge of Your Health

Health - Rebel Retirement
Photo by Marcus Aurelius from Pexels

Essentially, this advice comes from the belief that health is better than wealth. And if you want to retire at 62 without a lot of money, it’s advantageous to avoid health issues that can drain your bank account. Exercise, maintain a healthy weight, eat a balanced diet, don’t smoke, and avoid certain medications. These are all good ways to bolster your health. By providing yourself with a healthy lifestyle, you should have less reliance on costly pharmaceuticals.

Read: Plan Now to Have a Happy, Healthy Retirement

4. Determine What you Value

Value Retire - Rebel Retirement
Photo by Andrea Piacquadio from Pexels

Confront your ego and create a retirement experience based on what you value as opposed to fear and peer pressure. For example, you want to retire at 62 with little money. However, your mind tells you all of the “buts” of why you can’t. To get rid of the “buts” start determining only what you seriously value. Sure, there are necessities.  But we’re talking about those things you don’t need that are costing you money – particularly the stuff you have to impress others. 

Read: How Much Money Should You Have to Retire? Try Value-Based Retirement

5. Work Part-Time or Build an Income Stream

Work Part-Time - Rebel Retirement
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You’ll hear people say that you’re not really retired if you work part-time. That’s a petty response from know-it-alls who think they know everything! Yes, retirement is defined as ceasing to work. Although many people do some kind of work after retirement, even if it’s managing their portfolios. Nevertheless, if you want to know how to retire at 62 with little money, consider supplementing your social security check with a part-time job. Better yet, reinvent yourself. Put on your entrepreneurial hat and build an income stream that will last into your golden years. It’s never too late to start.

Consider Teaching English Online – it’s a great course and an ideal way to earn from home. Learn more!
(Rebel Retirement is an affiliate and will receive a commission if you purchase the course)


Statistically speaking, most people don’t have as much money as they would like to have in order to retire at 62.  However, you can still retire at 62 with little money using Just in Time Retirement and the wherewithal to make it happen. Go to this page for the FREE Just in Time series.

Note: This article was written with the intention to give a list of potential possibilities for retiring with no money. It’s important to follow the links for the best outcome.
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Last updated: 03/17/23

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7 thoughts on “How to Retire at 62 with Little Money [It’s About Value]

  1. Cathy Smith says:

    No one talks about tax planning and retirement. That’s a deal breaker like medical insurance. It adds $ to what you need to cover expenses. Seems like a vicious circle. How do you ever stay debt free? Like things breakdown and depreciate.

    • Yoga Woman says:

      Hello Cathy,

      You’ve made some good points. No one likes to pay taxes. I wish it were different, but it comes with earning a good living. Unfortunately, medical insurance keeps a lot of people enslaved to their job. If insurance is a burden, perhaps your state has a fund that could help with that. We stay debt free by paying cash for everything. If we don’t have the cash, we don’t buy it until we do. We have an emergency fund for breakdowns. We don’t replace things just because they are old and have depreciated. Essentially it’s a lifestyle choice and a mindset. We’ve had debt, and never want to go that route again.

      All my best,
      Marlene, Yoga Woman

  2. Yoga Woman says:

    Hi Linda,

    I love your attitude! You are so right. Be content with what you have. Thank you for sharing your experience with us. All the best to you and your husband.

    Marlene, Yoga Woman

  3. Victoria C says:

    Soaking in any advice. My job is killing me. I can retire with little money but I’m concerned about having medical insurance! I’m healthy but know I need to start making my health a priority. Paying for insurance would wipe me out financially.

    • Yoga Woman says:

      Hi Victoria!

      It sounds like your job is very stressful. Unfortunately, medical insurance has a lot of people over a barrel. Health care costs are insane! However, I think you’re on the right track with making your health a priority in doing what you can to maintain your best health. I don’t know your medical needs, but you can file for Medicare at age 65. This may help with your financial situation. Although, SS will deduct the costs of Part B from your benefits. Hope it all works out for you soon!

      Thanks for stopping by!

      Marlene, Yoga Woman

  4. Luisa says:

    Thank you for your advice, I seem to be on the same path. I eliminated my debt and I just have 2 years to prepare myself mentally and physically before I turn 62 and retire without money but once I retire I don’t ever want to hear the word work not even part time

    • Yoga Woman says:

      Hi Luisa!

      You’re welcome! I do hope this article provided some inspiration and encouragement. You’re definitely on the right track by eliminating debt. It’s so freeing! And you’re not alone on your retirement journey. Many Baby Boomers are in the same boat! Thanks so much for stopping by! I hope to hear from you again soon!

      Marlene, Yoga Woman

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