7 Best First Jobs If You Want To Retire After 20 Years
Written by
J. Arky
Edited by
Amber Barkley
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Having professional goals in the workforce makes you an asset to an employer, but you also need to be an asset to yourself and your family. That could mean focusing on retiring much earlier than your peers. Are you looking for a career that will help you be financially stable enough to stop working before everyone else? According to a recent study from Indeed, there are several roles and industries where you can retire after two decades.
Here are seven of the best first jobs if you want to retire after 20 years.
Also, find out how to prevent your early retirement from backfiring.
Lawyer
- Average Annual Salary: $93,223
It takes a long time to become a lawyer, but only a short time to actually practice law before a healthy retirement is built up. If you are interested in working very hard for 20 years or so, consider taking the LSAT and passing the bar in order to start your career as a lawyer.
Psychologist
- Average Annual Salary: $101,530
Working in the mental health field is a specialized form of healthcare. If you are good with emotional management and enjoy working with people on personal problems, you can earn a salary that, if you so choose, could give you the option of retirement in 20 years.
Software Engineer
- Average Annual Salary: $108,896
It is not a secret that tech has been an industry that pays employees very well. Becoming a software engineer means that you can code and design programs to interact with all kinds of computers, as well as have a decent pay to allow you to save for early retirement.
Actuary
- Average Annual Salary: $120,164
Are you good with numbers? Then becoming an actuary might be the best route to putting your skills to use in order to assess risk and liability in the insurance sector. Do the math right, and you can retire early.
Pharmacist
- Average Annual Salary: $119,755
It’s not just pills that pharmacists oversee. They are in charge of safety, compliance and following laws and regulations when it comes to drugs and medication, which is why they are paid very well and have the option to retire within 20 years of starting their career, if they budget wisely until then.
Dentist
- Average Annual Salary: $223,864
Lots of people hating going to the dentist, but being a dentist is an entirely different story. This six-figure job could provide enough savings for you to retire after 20 years.
Physician
- Average Annual Salary: $214,096
No matter what kind of medicine you practice or what kind of patients you cater to, being a physician pays a great salary — one that allows for early retirement, if you choose.
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