I turn 50 this year. I work for the government. I have one of those old-fashioned defined benefits plans. I can retire at 55 and make 60% of my salary. My home will be paid off and I could easily "trade down" and be happy, now that I am in the "empty nest" phase of life. I have not bought a car except for cash in many years. Now, I am never going to get promoted, or get anything more than a token raise, because any job above me is political and I am not political, and the state is broke and is not giving out raises, and if they did, I wouldn't get one anyway. So why would I not retire at 55? If I worked to 65, I could retire at 80% of my pay. But, of course I would not be drawing my pension from 55-65, so I would have to live to be 95 befoe I would have drawn more over a lifetime by retirng at 55 rather than 65. So in 5 years my pay goes down 40%, but my free time goes up to all the time. So I need to replace 40% of my pay. Moving to a low tax/low cost jurisdiction is good for 10%. Not having to buy suits and ties (mandatory at work, never worn by me otherwise), not having to buy as much gasoline and replace a car as frequently (I have a very long comute) and not having to pay what amount to union dues and pay for classes to keep my liscenses is good for a little. So I am down to needing about 25 to 30% of my income to be even. That's minimum wage. So I can blow this popsickle stand and work a job that is neither intelectually nor physically taxing for a few years. Tell me how that is wrong.