Suze Orman says AI could force you out of your job before 65 — and retiring early costs you each year

Suze Orman is warning that artificial intelligence (AI) could force people to retire before they reach the age of 65, which could significantly reduce their retirement savings. Orman believes that AI is adding a new variable to the mix, making it difficult for people to plan for a long retirement. She claims that when AI enters an industry, worker exits accelerate, leading to forced early retirements.

Orman's concerns are supported by evidence showing that AI could eliminate 10% to 15% of jobs within five years. She advises people to embrace change, save more, and design an investment plan that allows for flexibility in retirement age. Retiring at 62 instead of 65 would result in a loss of $12,972 a year, and the potential impact of AI on job security makes early retirement a risky proposition.