15 Ways to Earn Money Online After Retirement (2024)

15 Ways to Earn Money Online After Retirement (1)Although you have saved moneyfor retirementover thelast several decades, it may not be enough to give you the security you had hoped for. The thought of depleting your savings is probably pretty frightening.

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When you’re living on a budget, it’s ideal to have a source of additional income. These fifteen ways to make money onlineafter retirementwill helpkeep you from dipping too far into your savings as well as provide a way to keep yourself busy and your mind sharp.

1. Work with NonProfits

After years of working for the man, what better way to earn extra income than to be a part of something great. Non profit agencies like NPR radio, PBS and Charity foundations need operatorsto be availableto accept donations from callers. Companies like ACD Direct provide the training necessary to help you get your own home office set up and ready to build additional income.

2. Become a Usability Tester

Website developers are responsible for making websites that are easy for the visitors to use. That can be difficult to judge from the perspective of the expert who built the site. Therefore, many developers turn to companies like UserTestingto have a variety of regular people use the website and give feedback on their experiences. Most companies pay ten dollars for each review, which generally takes a half hour or less.

3. Offer a Driving Service

Today’s technological advancements have made starting your own cab service super easy. Using online sites like Uber or Lyft, you can begin earning money by giving people rides around your local area.

4.Write eBooks

After years of hobbies and a lifelong career behind you, there are sure to be things you know enough about to put into a book. The great thing about eBooks is that you don’t have to write a full, lengthy, book. Even if you just write a short 20 page book, if it’s filled with information people are wanting, it could sell! Using Amazon to sell your eBook is a great idea!

5. Caption Videos

If you have excellent listening skills and proper grammar is important to you, captioning videos can be a great way to make income online after retirement. Rev.com hires people to watch and listen to videos, then type out what they hear using correct spelling and grammar. Finally, they sync the words to the video using tools provided online. Rev allows you to work whenever you want and there is no schedule to follow.

6. Be a Part of Grassroots Campaigns

If politics interest you, there are work at home jobs that can be done online working for grassroots campaigns. Companies like NextWave Advocacy have campaigns throughout the year and can provide an additional income source for retirees looking to become more involved.

7. Be an Expert in Your Field

As mentioned earlier, there are probably plenty of things you have become an expert at over the years. Your knowledge could be used at sites like About.com where you can become a writer on the topic that matches your proven skill set. There are always dozens of subjects needing new experts, so take a look and see if there is something for you. About.com expert writers make a great income and have a flexible schedule.

8. Sell Photographs

If photography is a hobby you are interested in, you can sell your images through stock photography sites like Shutterstock. You earn a percentage or a set amount for each of your images sold. This is a great way for retirees to use a hobby to strengthen skills while making additional income online.

9. Transcribe Audio Files

Becoming a transcriptionist is a great way to earn money online while maintaining schedule flexibility. If you have excellentenglish and grammar skills, can type quickly with little errors and your listening skills are on par – transcription could be for you!

15 Ways to Earn Money Online After Retirement (2)10. Enter Phone Orders for As-Seen-On-TV Products

Working from home taking orders for callers who are ordering as-seen-on-tv products requires that you have the ability to set up your own home office. You may need to invest in a headset and a wired phone line to use for your business. But the investment is well worth it as you can work a flexible schedule and earn money from home. Companies like LiveOps and West.com are great places to begin.

11.Start a Blog

If a challenge excites you and you love an audience, starting a blog is a great way to make a passive income. Use your expertise and knowledge to share information on a regular basis. There are plenty of websites and ebooks available online that can walk you through the process of setting up your blog. Once you have developed traffic, you can earn money through advertising, sponsorships and affiliate links. Blogging can require time to build up content and audience, but if you have the patience, it’s worth it!

12. Be an Online Virtual Assistant

Many business owners, bloggers and other professionals need an extra hand. Virtual assistants can provide services online in a variety of ways. If you have some administrative experience or any can offer help in a way that others would find useful online, considering being a virtual assistant after retirement. Companies like Lifebushido, TimeEtc, Zirtual and Fancy Hands hire on a regular basis.

13. Secure Event Tickets

If you have a quick hand, you could earn money by securing tickets to events like concerts through TicketPuller.com.

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14. Join Online Focus Groups

While most online focus groups like 20/20 research cannot provide a steady income, you can certain earn extra money from time to time and get a chance to make an impact on new products.

Read more: 10 Best Paid Online Focus Group Companies

15. Become a Mystery Shopper

Mystery shopping can be a lot of fun. You can earn additional income, receive free meals, groceries, movie theater tickets and more. From companies like Confero, Marketforce to smart phone apps like FieldAgent, there can be a constant stream of work in many locations around the US. The flexibility is great for retirees looking for additional income.

These fifteen ways for retired workers to earn additional moneyonline is just the start of the many ways you could be supplementing your income. There are even more money earning ideas in this recent article that may interest you as well, all of which provide flexible scheduling so you can work in between your hobbies, or your favorite TV shows.

Read more: The Top 19 Legit Mystery Shopping Companies To Work Remotely

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Chrissy

August 4, 2015 at 5:21 pm

Hello Miranda!

I’ve been a follower of your website for a few months now and I can’t thank you enough for sharing all these amazing opportunities, especially for a stay at home mom like me! I was wondering if you could a review on Mommy Jobs Online? http://www.mommyjobsonline.com/ I highly trust and respect your opinion and reviews. I don’t want to start something if it ends up not being what I thought it was.

Thank you,

Chrissy

James Mahaffey

August 4, 2015 at 7:43 pm

I’m a Mechanical Engineer with 30 years of experience in Nuclear and Hydro-Power and I will be retired in four months. I will be recovering from surgery from December to April.

Yes I have a retirement but the medical bills are killing me.

I have an adopted 22 year old step-son who is stuck with a lousy service job in a terrible economy (and has a really bad attitude about life and needs, IMHO, kicked out into the real world) and a wife two years from social security with Osto-arthritis and no job.

And……I sure as hell don’t want to be a victim. That’s not me. I want to work.

Any advice?

Miranda Grimm

August 4, 2015 at 9:38 pm

I would urge you to possibly look into phone work. I know it sounds boring but it is a real way to earn a living from home and many companies offer flexibility with scheduling. Depending on what is important to you (flexibility, benefits, pay, type of work etc..) there are a variety of options. A friend and I are working to build another site dedicated to making it easier to find a phone job from home based on your needs – if interested in this line of work, you may want to check out virtualcallcenters.com.

Additionally, there are companies that look for engineers to write online articles. It is not common I see these, but they stick out to me because my mom is an industrial engineer, so I think of her. So maybe consider searching places like indeed for remote work, once in a while through mechanical engineer into the keywords with remote as the location. You never know. I have also seen contract jobs to work from home as an engineer as a consultant. So that would be another thing to search and watch for, if you want to continue with your profession after retirement.

I hope this helps in some way.

Avenue Sangma

January 13, 2016 at 11:39 am

Hello Erica Martin

Thanks for your great stuff! I highly respecting your good opinion and reviews. I don’t want to start something if it ends up not being what I thought it was. I love to know all the things you shared with us publicly with your article.

After all, I would love to say Fantastic Job!!! I found your article.

Thanks

Donna

March 29, 2016 at 1:16 pm

Thank you for giving such great advice, a lot of people keep information too themselves. I am so appreciative.

AG

July 30, 2017 at 4:23 am

Great info !
My mother has been retired for a year now
And she makes extra money through koocam.com
(By the way me too …)
She teaches her hobbies and sells her knowledge
And it works great for her 🙂

15 Ways to Earn Money Online After Retirement (2024)

FAQs

What is the best side hustle for retirees? ›

What Are Good Retirement Side Hustles to Start?
  1. Start a Blog. One of the best retirement side hustles is starting a blog. ...
  2. Become a Consultant. Another great option for retirees is to become a consultant. ...
  3. Start a Home-Based Business. ...
  4. Teach Classes Online. ...
  5. Transcription Work.

How can a senior citizen make money from home? ›

Ways for Seniors to Make Money
  1. Become a Virtual Assistant.
  2. Sell Your Skills Through an Online Marketplace.
  3. Create Your Own Store.
  4. Create a Website as a Springboard for Your Business.
  5. Sell Affiliate Products on Your Own Website.
  6. Pet Sitting for Cash and Exercise.
  7. Watch Videos and Take Surveys.

How to make $500 000 last in retirement? ›

Apply the 4% Rule to Your $500,000

The “four percent rule”—a widely accepted financial rule of thumb—states that your savings should last through 30 years of retirement if you withdraw 4% of your nest egg during the first year of retirement and then take that amount each year thereafter, adjusted for inflation.

What is the most common source of income after retirement? ›

Sources of Retirement Income
  • Social Security. For many, Social Security will be a vital—and significant—source of retirement income. ...
  • Defined Benefit Plans. ...
  • Defined Contribution Plans. ...
  • Home Equity. ...
  • Reverse Mortgages.

How to make $1,000 a month in retirement? ›

As a general rule of thumb, you will withdraw approximately 5% of your retirement income every year for expenses. The Balance breaks down the numbers below: Start with $240,000 and multiply it by 5%, which equals $12,000. Next, divide $12,000 by 12 months, which totals $1,000 per month.

What happens to senior citizens when they run out of money? ›

Seniors who reside in an assisted living facility and run out of funds will be evicted. Elderly individuals who are unable to turn to family for financial support and have no money can become a ward of the state. This may be the case if the senior develops a health emergency and is no longer able to live alone.

How to make money without a job? ›

How to make money without a job
  1. Launch an ecommerce store.
  2. Sell stuff that you already own.
  3. Start a blog.
  4. Pick up odd jobs.
  5. Produce online courses.
  6. Sell print-on-demand products.
  7. Write an ebook.
  8. Rent out unused space.
Jan 17, 2024

What is a good income in retirement? ›

After analyzing many scenarios, we found that 75% is a good starting point to consider for your income replacement rate. This means that if you make $100,000 shortly before retirement, you can start to plan using the ballpark expectation that you'll need about $75,000 a year to live on in retirement.

Can you live on $3,000 a month in retirement? ›

Top the amount with 401(k) savings, living on $3,000 a month after taxes is possible for a retiree. For those who only have social security benefits to rely on, there are many places where they can retire on their checks both in the USA and around the world.

Where can I retire on $2000 a month in the United States? ›

5 US Cities Where You Can Retire on $2,000 a Month
  • Chiang Mai, Thailand. Advantages: Very inexpensive. ...
  • San Juan, Puerto Rico. Advantage: In the United States. ...
  • Claremont, New Hampshire. A couple who found a place to retire on $2,000 per month. ...
  • Decatur, Indiana. Advantages: Potentially low rent. ...
  • El Paso, Texas.
Mar 19, 2024

What is the average 401k balance for a 65 year old? ›

$232,710

What is the average monthly income after retirement? ›

The average retirement income for U.S. adults 65 and older is $75,020. The median income for that age group is $50,290, according to data from the Census Bureau and Bureau of Labor Statistics. On a monthly basis, the average income for U.S. adults 65 and older is $6,252. The median monthly income is $4,191.

What percentage of retirees have no savings? ›

The survey found that about 37% of retirees say they have no retirement savings, up from 30% in 2022, and only about 12% have at least the recommended $555,000 in savings.

How much monthly income do most retirees have? ›

What Is the Average Retirement Income? The average monthly retirement income adjusted for inflation in 2023 is $4,381.25, according to a 2022 U.S. Census Bureau report. The average annual income for adults 65 and older in 2023 is $75,254 – or $83,085 when adjusted for inflation.

What do the happiest retirees do? ›

Of the favorites, volunteering tops the list. As luck would have it, giving to others also offers considerable benefits to you—retirees who volunteer report much higher self-rated health scores than those who don't.

Are retirees earning up to 20000 a month with a side hustle? ›

Retirees Are Earning Up to $20,000 Per Month With One Fully Remote Side Hustle Quitting your day job doesn't mean you can't have an additional — and extremely lucrative — income stream. Retirement doesn't mean you have to stop earning altogether — in fact, it could allow you to make more money than ever before.

How can I make extra money after 60? ›

7 ways to make extra income during retirement
  1. Social Security. ...
  2. Rental income. ...
  3. CDs. ...
  4. Annuities. ...
  5. Bond funds. ...
  6. Dividend stocks. ...
  7. A new part-time job or side business.
Nov 16, 2023

How can I make a little money in retirement? ›

If you retire with no money, you'll have to consider ways to create income to pay your living expenses. That might include applying for Social Security retirement benefits, getting a reverse mortgage if you own a home, or starting a side hustle or part-time job to generate a steady paycheck.

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