The key is re-prioritizing your financial goals to save more, spend less and also reduce expenses so you need less in retirement. Run a retirement calculator to estimate how on track you are to replacing your income based on your current contributions. If you have a gap, consider closing it with increased savings or reduced expenses like timing the payoff of your home with your retirement date as well as paying off your debts before retirement. After your 40s, every major financial decision you make can either add or take away years from your retirement date. After reviewing her income, I realized her inability to retire was due to her living expenses.

Source: Forbes July 19, 2017 13:52 UTC