Want to Save Up and Retire Early? Consider 1 of These 10 Professions
If day after day of rising early, getting to and from the office, slaving away at work, and doing it all again the next day is wearing on you, then you’ve probably dreamed of retiring as soon as possible. Leaving the workforce for good and happily enjoying your golden years is one reason why people work so hard for so long. It can be hard to tell the truth from the lies when it comes to saving for retirement, but the long and short of it is you should start saving as soon as possible.
LinkedIn has released its 2017 salary report that shows some of the professions with the best compensation. If you have one of these 10 six-figure jobs, saving for retirement shouldn’t be too tough.
10. Vice president, tax
- What they do: Coordinate a company’s taxes
- What they earn (median total compensation): $272,000
The vice president of tax has to be a numbers person. They typically are in charge of tax planning and reporting for a company, working with the accounting, finance, and legal teams. They must know state and federal laws to make sure the company is in compliance. Certain certifications often are preferred, as is a decent amount of schooling and experience.
Next: This role works with people.
9. Senior managing director
- What they do: Manage personnel at a corporate level
- What they earn: $298,000
In almost any business, success hinges on being able to manage people. If you can get the people you manage to work hard for you, success probably won’t be too far behind. If you can translate those skills to a large corporate setting, a healthy salary is your reward for being a successful manager. And it is that healthy salary that can help you retire a little bit sooner than the average Joe.
Next: Strong sales strategies can pay off.
8. Senior vice president, sales
- What they do: Develop and implement corporate sales strategy
- What they earn: $300,000
The world of business would be a lot different if money didn’t change hands. If you’re a vice president of sales for a big company, you’re responsible for how your company is selling its goods and how much it is selling. Make a mistake, and you probably won’t last long. Get it right, however, and you can expect a healthy salary that will make retirement a very attainable goal.
Next: Keeping corporate finances in order pays handsomely.
7. Senior vice president, finance
- What they do: Plan and enact corporate financial strategy
- What they earn: $300,000
In the high-stakes world of big business, knowing how to maximize profits while minimizing costs is a major plus. If you know how to do that, you might be able to ascend to the role of senior vice president for finance at a major company. And if you land that job, LinkedIn’s salary report says you can expect a six-figure income. With that salary and your financial know-how, you might be able to retire after just a few years in the job.
Next: Being good under pressure could land a big salary.
6. Emergency physician
- What they do: Treat medical emergencies
- What they earn: $314,000
It’s not hard to imagine that acting quickly and decisively as an emergency physician can take a lot out of you mentally. It can literally be life and death in the emergency room, and that is a lot of pressure. If you can stand the mental grind, being an emergency physician will pay you well enough that you can consider retiring early and leaving the grind behind.
Next: There’s more to this job than just dulling the pain.
- What they do: Administer anesthesia and monitor well-being
- What they earn: $350,000
Keeping patients pain-free before and during surgery is the primary role of an anesthesiologist. These doctors also monitor patients during surgery and ensure critical life functions are maintained. It can be a high-pressure job, but it’s one that pays very well, allowing anesthesiologists to get to that pressure-free retirement sooner.
Next: A surgical specialty makes it on the list.
4. Plastic surgeon
- What they do: Perform cosmetic and reconstructive surgeries
- What they earn: $350,000
If you hear the term plastic surgeon and think only of tummy tucks and nose jobs, you should know there’s more to it than that. Plastic surgeons also deal with facial reconstructive procedures and oral surgeries, among doing surgery on many other parts of the body. Plastic surgeons need to have knowledge of several aspects of surgery, which is just one reason why it is a job that pays quite well.
Next: This job is about more than taking X-rays.
- What they do: Diagnose and treat medical issues with imaging equipment
- What they earn: $374,000
Being a radiologist is more than pressing the button on the X-ray machine. Doctors who specialize in radiology also work in radiation therapy and nuclear medicine. And in all cases they need to know how to interpret the data they encounter. Becoming a radiologist takes a lot of training, but it’s one the highest paying of all medical fields and can help you retire quicker than most professions.
Next: Is your heart healthy? These doctors can tell you.
- What they do: Diagnose and treat heart-related medical issues
- What they earn: $382,000
Keeping the heart in good working order is key to good health, and that’s where cardiologists come into play. Part of the job is helping patients recover from heart attacks, but cardiologists also diagnose and treat abnormal heart rhythms and help prevent heart disease. It’s an important job and a rigorous one, but it’s one that also pays well and can let you retire early.
Next: Good hands and lots of schooling are needed for the top job.
1. Orthopedic surgeons
- What they do: Diagnose, treat, and prevent musculoskeletal injuries
- What they earn: $450,000
It can take up to 14 years of education after high school to become an orthopedic surgeon. Then, you need to become board certified to practice your craft. It’s a lot of stress and a lot of schooling, but it can pay off handsomely with a six-figure salary that will help you retire sooner rather than later. You’ll likely even make more than the president.
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