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We retired early with $4m and learnt two big lessons

Building the wealth to retire early is one (huge) thing. But figuring out how you’re going to spend your time once you get there is a whole other matter.

Lucy Dean

After 31 years of senior banking roles in Australia, the US and the UK, Kathleen McDowell entered a state of “extreme fatigue” in 2020.

She wanted to do something new, and landed on real estate, but a year into her new career, she checked her financial position to see if she could afford to take a pay cut to continue with her new vocation.

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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

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    Original URL: https://www.afr.com/wealth/personal-finance/we-retired-early-with-4m-and-learned-two-big-lessons-20250429-p5lv4a