What is semi-retirement? How does it semi-retirement defer from a normal retirement?

Hi anon, just wanted to add on to YJ.

I think most people would aim for semi-retirement first. Continue working to get a stable income, which probably forms that safety net to cover some if not all expenses, and see if their passive income can cover the rest while slowly moving towards retirement. Passive income can come from investment dividends (varied), savings (fixed / varied up to you), investments value itself(varied), or even those insurance plans bought sometime ago which pays yearly (relatively fixed).

Once retired though, I don't think people really sit and do nothing. More of, with time now freed up as I don't have to work anymore, what do I want to spend on? How do I enjoy this new life? Some people just continue working as they really do enjoy their work but at least they have that option.

How much for semi-retirement really depends on what you foresee yourself doing with the two parts of your income - fixed and varied.

For a 9-5 employee. Means you are not looking for any more growth, no longer the pirority.

Just want to be stable, get the salary and let time pass. Because current salary is sufficient for all expense + investment.

Full retirement is when u totally financial freedom. No need job oso can afford all the expense via investment.