I'm 67 and I retired last year with $680,000 saved and a paid-off house - and by October I was Googling 'is this all there is' at 2am because nobody tells you that financial security and psychological purpose are completely unrelated problems - Silicon Canals

"Retirement might be the ultimate arrival fallacy. You've been climbing this mountain for decades, and when you finally reach the summit, you realize the view isn't what you expected."

"According to research from the Institute of Economic Affairs, retirement increases the probability of suffering from clinical depression by 17%. That's not a typo. Seventeen percent."

"Work, for all its frustrations, provides structure, social connection, and most importantly, a sense of purpose. When that disappears overnight, even with a comfortable bank account, the psychological impact can be profound."

Retirement can lead to unexpected feelings of emptiness despite financial security. A reader's experience highlights the disconnect between achieving financial goals and finding psychological fulfillment. The concept of 'arrival fallacy' suggests that reaching retirement may not bring the anticipated happiness. Research indicates that retirement can increase the risk of clinical depression by 17%, as work provides essential structure, social connections, and a sense of purpose that may vanish in retirement, leaving individuals feeling untethered and unfulfilled.

Read at Silicon Canals