Retiring solo doesn’t mean retiring alone—it means creating a retirement lifestyle that works for you, no matter your relationship status. Whether you’re single, divorced, widowed, or simply prefer independence, solo retirement is increasingly common and completely doable. While it may come with some unique considerations—especially around finances, health care, and social support—it also offers a ton of freedom. If you’re approaching or already enjoying retirement on your own, here’s how to thrive, stay secure, and live life on your own terms.
Why Solo Retirement Is More Common Than Ever
Today, more people are retiring without a spouse or partner than ever before. The reasons vary:
- Growing number of lifelong singles
- Divorces later in life (“gray divorce”)
- Widows or widowers aging independently
- People choosing to live separately from their partners
Whatever your situation, retiring solo simply means you’re making decisions for yourself—which can be empowering, once you’ve got the right plans in place.
The Benefits of Retiring Solo
While it might seem intimidating at first, there are actually several upsides to solo retirement:
- Total independence: You get to design your day, your lifestyle, and your priorities without compromise.
- Clarity in decision-making: Financial and healthcare choices are simpler when you’re the only one making them.
- Freedom to relocate or travel: No need to coordinate with a partner’s job, preferences, or retirement timeline.
- More time for self-discovery: Solo retirement can be a time to reconnect with your passions, creativity, and goals.
Of course, there are challenges too—but with preparation, they’re entirely manageable.
Financial Planning When You’re Retiring Solo
Without a partner to share expenses or serve as a financial backup, careful planning is key. Here’s what to focus on:
1. Know your numbers
- How much income will you have from Social Security, pensions, or savings?
- What are your essential monthly expenses?
- Do you have an emergency fund for unplanned costs?
2. Create a sustainable withdrawal plan
- A common rule of thumb is the 4% rule—withdraw no more than 4% of your retirement savings annually to avoid running out too soon.
- But solo retirees may need to be more conservative, especially with healthcare or long-term care in mind.
3. Delay Social Security if possible
- Waiting to claim Social Security (up to age 70) increases your monthly benefit.
- If you don’t have a spouse’s benefit to rely on, this strategy can help maximize your guaranteed income.
4. Consider an annuity
- A single-premium immediate annuity can provide a predictable monthly income, which can bring peace of mind to solo retirees.
5. Work with a financial advisor
- Even if you’re confident managing your money, a trusted advisor can offer a second opinion and help you plan for the long haul.
Building a Social Network That Supports You
Retiring solo doesn’t mean being isolated. In fact, one of the best ways to ensure a happy retirement is to cultivate a strong network of friends, neighbors, and community.
Here’s how to stay connected:
- Join local clubs or interest groups—hiking, gardening, reading, art, or volunteering
- Take a class at a community center or online—learning keeps you sharp and social
- Attend faith-based or community events for connection and support
- Get to know your neighbors—a strong neighborhood can be a built-in safety net
- Stay in touch with family or chosen family—those lifelong relationships matter
If you’re introverted, don’t feel pressured to be social every day. Even small, regular interactions help you stay mentally and emotionally healthy.
Healthcare Planning for Solo Retirees
One of the most important considerations when you’re on your own is planning for healthcare—especially if there’s no spouse or adult child immediately available to step in.
1. Choose the right Medicare plan
- Compare Original Medicare vs. Medicare Advantage based on your health needs and providers.
- Consider adding a Medigap policy to reduce out-of-pocket costs.
2. Appoint a healthcare proxy
- Legally assign someone you trust to make medical decisions on your behalf if you can’t.
- Talk with them about your preferences and values.
3. Complete your advance directives
- These include a living will and medical power of attorney—important documents that protect your wishes.
4. Plan for long-term care
- Without a partner to assist you, long-term care may be more likely.
- Research long-term care insurance, savings strategies, or state programs that offer support.
Create a Safe and Comfortable Living Environment
Solo retirees often value safety and simplicity in their homes. Whether you’re staying put or planning to move, consider:
- Downsizing to a smaller, more manageable space
- Moving closer to family or amenities
- Choosing a senior community with social activities and support
- Installing home safety features like grab bars, brighter lighting, and smart home devices
Think about what environment will best support your independence as you age.
Embrace Purpose and Routine
Purpose is essential to enjoying solo retirement. Without the structure of work or a partner’s routine, it’s up to you to build your days in a way that feels meaningful.
Try:
- Setting daily or weekly goals (even small ones!)
- Volunteering or mentoring others
- Pursuing hobbies that challenge or inspire you
- Keeping a regular sleep and meal schedule
- Practicing mindfulness, journaling, or light exercise
Purpose doesn’t have to be grand—it just needs to be personal.
Final Thoughts
Solo retirement may feel like uncharted territory, but it’s full of opportunity. With thoughtful financial planning, strong social connections, and attention to your health and home, you can create a retirement that’s not only stable—but joyful. This is your time to focus on what matters most to you. So whether you’re already flying solo or just considering it, know this: you’re not alone—and your retirement can be every bit as fulfilling as you imagine.
