I wrote on this a while back. When I took early retirement I had six years until I could draw the state pension. I took my navy pension early, which was enough to pay the bills, food, football and a few nights out. I was mortgage free. My savings paid for holidays etcetera. I've not regretted it for one minute. Almost three months abroad every year, no travel and work stress, the freedom to do whatever I want everyday. This financial crisis has hit me as hard as everyone but hopefully it will pass soon. On the plus side I had some good news. I anticipated I wouldn't get a full state pension due to being contracted out for a number of years. I was pleasantly surprised to find out I will get the maximum. Happy days.