Can Freelancers Actually Afford to Retire?

As a freelancer, you can set your own schedule, choose clients, and work wherever you like. That freedom comes at a price, especially when it comes to finances. Unlike traditional employees, freelancers have no access to employer-sponsored retirement plans, pension plans, or matching contributions. They’re instead left to fend for themselves during retirement.

But can freelancers retire? Well, among self-employed Americans, only one in five (21 percent) can afford to contribute to retirement regularly. The good news is that freelancers can still prepare for retirement with intention, discipline, and a willingness to adapt.