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“No Regrets About Early Retirement”... The Secret of 83% [Wanggaemi Research Institute]

“No Regrets About Early Retirement”... The Secret of 83% [Wanggaemi Research Institute]

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • A significant majority of South Koreans aged 50 or older do not regret retiring early, according to research from Wanggaemi Research Institute.
  • The study surveyed individuals who retired between ages 45 and 55, finding that 83% expressed no regret about their decision.
  • Factors contributing to this sentiment include financial stability, pursuing personal interests, and maintaining health.

A recent study by the Wanggaemi Research Institute reveals a striking sentiment among South Koreans who opted for early retirement: a vast majority do not regret their decision.

The research, which surveyed individuals who retired between the ages of 45 and 55, found that an overwhelming 83% expressed no remorse about leaving the workforce earlier than the standard retirement age. This finding challenges common assumptions about the potential downsides of early retirement, such as financial insecurity or a loss of purpose.

While the study did not delve deeply into the specific reasons for each individual's satisfaction, general factors contributing to this positive outlook often include achieving a degree of financial stability that allows for a comfortable post-work life. Many also use this extended period to pursue long-held personal interests, hobbies, or even start new ventures that bring them greater fulfillment than their previous careers.

Furthermore, maintaining good health appears to be a crucial element for those who are content with their early retirement. Having the time and resources to focus on well-being, engage in physical activities, and manage stress can significantly enhance the quality of life during these post-career years. The study suggests that for a significant portion of South Koreans, early retirement is not a period of decline but rather an opportunity for a more satisfying and self-directed life.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.