30 Retirement Side Hustles (4 Major Considerations For Retirees Before Starting Side Gig)

January 15, 2024

The best retirement side hustles are:

  1. Starting local lead gen biz
  2. Offer consulting services
  3.  Teaching
  4. Become a collectible seller
  5. Pet sitting
  6. Gardening and landscaping
  7. Renting out your extra space
  8. Offer home maintenance
  9. Become a virtual assistant
  10. Selling crafts on Etsy

Side hustles in America are not limited to Gen Z and millennials; they have gained popularity among seniors and retirees as well. According to Experian, a reputable credit reporting agency, approximately 1 in 4 baby boomers, aged 59-77, is engaged in a side hustle. Additionally, Bankrate further reinforced this trend by revealing that 24% of baby boomers have embraced side hustles to diversify their income. Interestingly, older individuals engaged in side hustles generate a more substantial extra income compared to their younger counterparts. According to Zippia, those in the 55-64 age bracket earn an average of $1,061 per month from their side hustles. In contrast to those side hustlers, ages 18-24 that only make an average of $533 per month from their side gigs.

NBC Los Angeles shares inspiring stories of individuals over 50 finding success through side hustles. For instance, Jim Battan, a 57-year-old, generated $177,000 in revenue within two years by renting out his luxury pool through Swimply. Another example is Tim Riegel, a 59-year-old, who earns up to $16,000 per month selling recycled fire pits on Etsy. These real-life examples highlight the potential for retirees to achieve financial success through side hustles.

This article provides a comprehensive list of 30 retirement side hustles that can enhance income, complete with facts showcasing demand, opportunities, and income potential for each gig. Additionally, the article outlines five crucial considerations for senior citizens and retirees before entering side hustles. Finally, we will introduce you to a business model suited for retirees that can generate $500 to $2,500 per month without requiring active involvement.

What Are Retirement Side Hustles?

Retirement side hustles are additional income-generating activities that retirees pursue during their post-employment years. It aims to supplement retirement income and provide financial support. These endeavors offer flexibility, allowing retirees to balance leisure with income generation. Examples of retirement side hustles include freelancing as a writer, providing online tutoring services, engaging in e-commerce by selling handmade crafts or vintage items. Also, you can offer virtual assistance to businesses, providing pet sitting or dog walking services, renting out your extra spaces on platforms like Airbnb, and providing consulting services based on career expertise. These activities empower retirees to stay active, engaged, and financially resilient during their retirement years.

30 Side Hustles For Retirees

1. Offer Consulting Services

Offering a consulting service is an excellent retirement side hustle because it caters to businesses or individuals seeking advice in specific areas, like market research analysts and environmental consulting. To get started, you can explore platforms like Upwork, LinkedIn and Fiverr to connect with potential clients. These websites make it easy for you to showcase skills and find consulting opportunities.

The consulting field offers a promising opportunity for retirees to make additional funds. According to the Bureau of Labor Statistics, the industry is expected to grow by 14%, providing a favorable landscape for those considering this retirement side hustle. You can take advantage of this opportunity by identifying your niche and marketing your expertise to potential clients. Additionally, BLS stated that market research analysts have a bright future, with a projected growth rate of 25%. Also, environmental consultants are also in demand, making it a viable option for retirees who possess knowledge in environmental science.

On this side gig retirees can earn a substantial income. According to Glassdoor, the average salary for a consultant in the U.S. is $79,526 per year, with a range between $53,000 and $119,000. Despite the promising aspects of consulting, there are some disadvantages that retirees should consider. Consulting may involve irregular work hours and high-pressure situations, which might not align with the laid-back retirement lifestyle. Additionally, competition in the consulting field can be fierce and requires retirees to update their skills continuously to stay relevant.

2. Teaching

Teaching is a fulfilling retirement side hustle because it allows retirees to share their knowledge and skills with students of various ages, such as elementary, high school, or even consider online teaching opportunities. To begin, you can explore platforms like Wyzant or Chegg Tutors to connect with students seeking personalized instruction. These websites offer a user-friendly interface for retirees to showcase their expertise and find teaching opportunities. The teaching field presents a promising opportunity for retirees, especially with the United States Bureau of Labor Statistics projecting a 4% increase in employment for kindergarten and elementary school teachers and a 5% increase for high school teachers from 2021 to 2031. This growth shows the need for teacher replacements and a rising demand for smaller class sizes. You can take advantage of this opportunity by offering online teaching platforms to make it convenient for you to reach a broader audience.

Teaching can also be a financially rewarding retirement side hustle. According to Indeed, high school teachers in the United States earn an average annual salary of $51,363. For retirees considering online teaching, The TEFL Academy reports that even those without prior experience can earn a minimum of $8 per hour, with the potential to earn up to $40 per hour. You can maximize their income by offering specialized tutoring services or exploring opportunities in high-demand subjects like Math and Science. Additionally, online teaching provides the flexibility for retirees to set their schedules and manage their workload according to their preferences. Despite the rewards, one notable challenge is adapting to new teaching methods and technologies, especially for retirees less familiar with online platforms. Additionally, classroom management and keeping up with the energy levels of students might be demanding for those looking for a more relaxed retirement.

3. Become A Collectible Seller

Becoming a collectible seller is a great retirement side hustle because the potential customers for collectible sellers are 33 to 40 percent of the American population who actively collect various items. You can begin your collectible selling journey by exploring popular online marketplaces such as eBay, Etsy, or even specialized collectible platforms like Collectors.com. These platforms provide you with the opportunity to reach a wide audience of potential buyers. As noted by neuroscientist and collector Shirley M. Mueller M.D., a significant portion of the American population engages in collecting, creating a substantial market for collectible sellers. Whether it's coins, stamps, vintage toys, or other sought-after items, you can tailor your offerings to meet the specific interests of collectors.

In terms of profitability, according to FinModelsLab, small collectibles and antiques businesses typically generate annual revenues ranging from $100,000 to $500,000. Retirees can increase their earnings by strategically sourcing, pricing, and marketing their collectibles. You should sort your inventory and marketing strategies accordingly, considering the preferences of different demographic groups to optimize your success in the collectible selling side hustle.

4. Pet Sitting

Pet sitting is a suitable retirement side hustle because of the growing demand for pet care services. It caters to pet owners who need assistance in looking after their pets and services like pet sitting, dog walking, and basic grooming. You can start by exploring popular pet-sitting platforms such as Rover or Wag. These apps connect you with pet owners seeking reliable care for their fur friend. Additionally, pet sitting presents a huge chance for retirees to diversify income. According to Pet Sitters International's 2016 State of the Industry Survey, their members completed a staggering 17 million pet sitting assignments. It showcases the widespread need for pet services. Also, Economic Census statistics also highlight a doubling of pet care service sales over the decade ending in 2017, reaching a total of $5.8 billion.

Pet sitting can be an effective way to earn extra money, with Zippia reporting a 19% increase in pet sitter salaries over the last 5 years. According to ZipRecruiter, the average hourly pay for a pet sitter in the United States is $15.30. You can set competitive rates based on your experience and the range of services you offer, such as overnight stays, special care for certain pets, or additional services like plant watering. Also, you can offer additional services, such as pet transportation or basic training, to increase your earnings. Despite the benefits, the significant rise in the number of people employed in pet care services, as indicated by County Business Patterns data, reflects increased competition. From 2007 to 2017, the number of paid employees in this sector grew by 111%, reaching 111,384 workers.

5. Gardening And Landscaping

Gardening and landscaping are a fulfilling retirement side hustle because it caters to homeowners and businesses seeking professional assistance in maintaining their outdoor spaces that offer services such as lawn mowing, garden maintenance, and landscaping design. To begin, you can join TaskRabbit or GreenPal, where you can create profiles to highlight your gardening expertise. Gardening and landscaping present a substantial opportunity for seniors, supported by research data from the National Association of Landscape Professionals. The data reveals that 40% of Americans recognize the importance of professional lawn care, with the same percentage hiring a professional in the last year. It means that the increasing awareness of the value of well-maintained outdoor spaces creates a steady demand for gardening and landscaping services.

The potential income in gardening and landscaping is good to support some of your expenses. According to ZipRecruiter, the average annual income of a landscaper is $34,570. You can set competitive pricing based on the services you offer, such as one-time projects or recurring maintenance contracts. Also, you can offer additional services, such as plant installations or seasonal clean-ups, to boost your earnings. However, according to IBISWorld, there are 1,279,705 people employed in the landscaping services industry in the US as of 2022. Additionally, Zippia reports that over 28,706 gardeners are currently employed in the United States. This reflects a competitive landscape, and retirees should be prepared to differentiate themselves to attract clients.

6. Rent Out Your Extra Space

Renting out extra space is a practical retirement side hustle, especially for retirees who have additional rooms or living areas. It allows you to target individuals or families looking for short-term accommodations, such as students, travelers, or temporary residents. You can consider listing your extra space on platforms like Airbnb or Vrbo. These user-friendly apps connect hosts with potential renters. Renting out extra space is a lucrative side gig due to a notable increase in renters over the age of 60 in large American cities. According to U.S. Census data analysis, there was a 43% jump in this demographic between 2000 and 2017. Additionally, Yahoo Finance reports that over 79% of Americans aged 65 or older own their homes, leaving around 21% as potential renters. By providing a clean and welcoming environment, you can attract renters seeking affordable and comfortable accommodations. Airbnb or Vrbo make it easy for you to manage bookings, communicate with renters, and ensure a positive experience for both parties.

Renting out extra space is an appealing way to make extra cash, with Neighbor reporting that hosts can earn up to $15,000 per year. You can set competitive pricing based on factors such as your location, amenities, and the overall appeal of your space. Also, you can maximize your income by providing a well-maintained and thoughtfully furnished space. Offering additional services, such as local recommendations or complimentary amenities, can enhance the overall guest experience and lead to positive reviews. Despite the advantages, one obvious danger in this side hustle is the need to manage and maintain the property to meet the expectations of renters. Additionally, retirees may face occasional inconveniences, such as dealing with difficult guests or unforeseen property issues.

7. Offer Home Maintenance Services

Offering home maintenance services is a promising retirement side hustle due to the consistent demand for property upkeep and repairs. Also, it allows you to target homeowners and property managers as potential customers and provides services such as plumbing, electrical repairs, painting, and general maintenance. To kickstart, retirees can create a service profile on platforms like TaskRabbit or Thumbtack, where homeowners actively seek reliable maintenance professionals. According to the Bureau of Labor Statistics, the field projects a 5.0% employment growth for maintenance and repair workers from 2021 to 2031. This growth is expected to create approximately 76,300 job openings in the industry. It shows tons of opportunities for you in the future. Additionally, homeownership expert Fisher suggests that homeowners allocate up to 5% of their incomes for routine maintenance. This number provides you a steady stream of potential customers for offering home maintenance services.

For financial aspects, ZipRecruiter reports an average hourly pay of $29.88 for home maintenance jobs in the US. You can price based on the specific services you provide, such as routine inspections, repairs, or emergency call-outs. Also, offering package deals or subscription-based services is a nice move to have stable and recurring income. However, home maintenance services are physically demanding. The nature of maintenance and repair work may involve strenuous activities, posing challenges for retirees with physical limitations. 

8. Become A Virtual Assistant

Become a virtual assistance is a lucrative retirement side hustle because it caters to a diverse range of clients, such as assisting entrepreneurs, small businesses, or busy professionals who require help with tasks such as email management, appointment scheduling, and document preparation. To kickstart this side hustle, you can start optimizing your profile on LinkedIn, Freelancer.com, Upwork and Fiverr. These platforms allow you to showcase your skills and bid on relevant tasks. In terms of opportunity, 99 Firms report that 67% of business owners have hired at least one virtual assistant since 2021. This trend is driven by the versatility of virtual assistants, who can seamlessly adapt to the needs of various industries. As a retiree who possesses administrative skills, you can take advantage of that huge opportunity. 

Being a VA can be an effective way to earn side income, as reported by LinkedIn, with virtual assistants earning anywhere from $10 to $50 per hour. By efficiently managing your time and taking on multiple clients, you can generate a steady and flexible income stream. Also, consider offering package deals or retainer services to attract long-term clients. Additionally, maintaining clear communication and meeting deadlines are crucial for building a positive reputation in the virtual assistant community. You can use platforms like Time Doctor or Toggl to assist you in tracking your working hours and optimizing their productivity. However, a potential disadvantage for retirees entering the virtual assistant side hustle is the risk of isolation and sedentary work. Virtual assistants often work independently, which may lead to feelings of loneliness.

9. Sell Crafts On Etsy

Selling crafts on Etsy is an engaging retirement side hustle, specifically for those with artistic talents. You can find a niche market for your handmade creations that cater to customers seeking unique and personalized items. To embark on this side hustle, you can start by creating an Etsy seller account. Etsy provides a user-friendly platform where you can offer your crafts, set prices, and manage your inventory. You can offer handmade goods such as jewelry, home decor, or customized gifts. According to Statista, Etsy attracts about 95 million active buyers. This vast customer base creates a thriving marketplace for you to showcase and sell your crafts. Retirees can take advantage of Etsy's global reach and connect with buyers from around the world who appreciate the artistry and craftsmanship of handmade items.

The profitability of selling crafts on Etsy is promising, with the U.S. Bureau of Labor Statistics noting that the average income for an Etsy seller is $44,380. To increase your potential for sales, offer a variety of products and create seasonal items that can attract a broader audience. However, you should know Etsy takes a percentage of your profits. Etsy charges a 3.5% commission on the item price before shipping. Additionally, Etsy imposes a small fee of twenty cents per listed item. You must factor these costs into your pricing strategy to ensure a fair profit margin.

10. Event Planning

Event planning is an ideal retirement side hustle because it focuses on catering to clients looking for well-executed events, such as weddings, parties, or corporate gatherings. Thumbtack or TaskRabbit can connect you with potential clients seeking assistance in organizing memorable events. In terms of the opportunity, Events Industry Council reported that 1.83 million events and meetings are organized annually in the US. By staying updated on industry trends, you can offer unique and personalized event planning services, setting you apart in a competitive market. Additionally, as per XO Group, shows that 1 in every 5 weddings is a destination wedding, and half of these destination weddings are partially or entirely planned by wedding planners. It shows a growing demand or need for event planners, especially in wedding events.

Regarding how much side income you can make, ZipRecruiter reports an average monthly pay of $5,277 for event planners in the United States. To maximize your potential income, you need to focus on building a strong portfolio that showcases your previous events and positive client feedback. Despite its appeal, event planning comes with challenges for retirees. According to IBISWorld, the party & event planners industry in the US is overcrowded, with 128,596 people employed as of 2022. 

11. Catering

Catering is a well-regarded retirement side hustle, particularly for retirees looking to offer their services to specific clients and customers seeking quality catering. To get started, you can explore catering opportunities for events such as weddings, corporate functions, and private parties. You may visit websites like Thumbtack or CaterCow. It allows you to connect with potential clients seeking catering services. Catering services offer you a significant opportunity, as highlighted by the 2022 International Caterers Association (ICA) industry survey. An impressive 98% of caterers reported increased pay in 2022, with 60% of them enjoying substantial raises of over 11%. This indicates a thriving market for catering services, with a growing demand for skilled professionals. You can take advantage of this opportunity by honing your culinary skills and staying updated on current food trends. Another tip is the need to build a diverse menu that caters to different tastes and preferences.

In terms of how much money you can make, the average annual income for a catering company business owner in the US ranges from $70,000 to $100,000, according to FinModelsLab. To increase income, retirees may consider collaborating with event planners or venues, offering catering services for various occasions. Despite the lucrative opportunities, catering comes with challenges. According to IBISWorld, there is a high level of competition in the caterers industry, with 267,980 people employed in the US as of 2022. Also, catering involves dealing with varying client expectations, managing inventory, and handling logistical challenges. Additionally, the physical demands of catering events, such as standing for long periods and managing kitchen operations, should be considered by retirees before entering this side hustle. 

12. Tutoring

Tutoring is a nice retirement side hustle, especially for retirees seeking to provide academic support to specific clients and students. To begin, you can target students in your local community and offer tutoring services in subjects where you have expertise. Also, you can visit platforms like Wyzant or Chegg Tutors that provide opportunities to connect with students seeking assistance. The opportunity for tutoring is substantial, as indicated by a July 2015 research study conducted by Statista. The study reveals that 26 percent of U.S. parents have paid for additional tutoring, and 43 percent would consider it. Additionally, the Pew survey found that nearly one in five upper-income families has hired someone to help their children with instruction. This signifies a growing demand for tutoring services and creating a viable opportunity for you to contribute your knowledge and expertise. Retirees can take advantage of this opportunity by tailoring their tutoring services to meet the specific needs of students.

Moreover, the potential income in tutoring is decent. Glassdoor reported that the average salary for a tutor is $50,648 per year in the United States. You can offer hourly rates based on your experience, subject expertise, and local market demand. Also, offering flexible scheduling options and providing discounts for recurring sessions can attract a steady flow of students. To maximize your income, you may explore additional avenues, such as group tutoring sessions or partnering with local schools and community centers. While tutoring presents a viable retirement side hustle, one disadvantage is the need for adaptability, as student preferences and learning styles can vary. You need to adjust your teaching methods to cater to the diverse needs of students, which can require ongoing effort and flexibility. Additionally, the seasonality of tutoring, with demand potentially fluctuating during school breaks, can be a danger for retirees. 

13. Sell Printables On Etsy

Selling printables on Etsy is a cheap retirement side hustle because the platform already has a huge customer base around 95.1 million active buyers. Also, this side hustle caters to a wide range of customers, including those planning events, such as weddings or parties, and individuals looking for personalized stationery. You can target these specific client needs by creating printables like editable thank you cards or customizable invitations. You can use platforms like Canva or Adobe Spark. The opportunity lies in the growing demand for personalized and digital items on Etsy. Many customers seek unique and customizable printables for various occasions. For instance, editable thank you cards are often priced between $5-15 that provide a considerable profit margin for sellers. You must explore popular themes and stay informed about current design trends to meet customer preferences.

Retirees venturing into selling printables on Etsy have the potential to earn a noteworthy extra income. According to Gelato, those just starting can make upwards of $400 per month. The key to maximizing income is constantly creating new and appealing printables, leveraging social media platforms to promote products, and responding promptly to customer inquiries. Just take note that this side hustle requires ongoing creativity and adaptability. Additionally, managing an Etsy shop involves handling customer inquiries and addressing potential issues, which may require time and effort. 

14. Sell Used Items

Selling used items is a wise retirement side hustle because it caters to a diverse range of customers, including those looking for budget-friendly options, vintage finds, or unique collectibles. You can start your selling journey through platforms such as eBay, charity shops, flea markets, garage sales, or even online retailers like Best Buy. These outlets provide you a broad reach and connect you with potential buyers interested in various secondhand products. The 2022 Ecommerce Report by OfferUp stated a staggering 82% of Americans, equivalent to 272 million people, engage in buying or selling used items. It encompasses electronics, furniture, home goods, sporting equipment, and apparel. It shows you are a huge potential customer for your second-hand items. You can start by decluttering your homes and identifying items with resale potential and list them on Facebook Marketplace or Nextdoor.

The potential income varies, with entrepreneurs earning modest sums, around $30,000 annually, while others may achieve substantial earnings exceeding $100,000 per year, as per FinModelsLab. Take note that this side hustle requires continuous sourcing and listing items for sale. However, sourcing, listing, and handling inquiries demand active engagement. Additionally, the market's competitiveness may require you to stay updated on trends and adjust your pricing strategies accordingly. 

15. Offer Tour Guide Services

Offering tour guide services is an engaging retirement side hustle, particularly for retirees who enjoy interacting with people and exploring new places. Also, it allows you to cater to specific clients, such as local tourists, history enthusiasts, or nature lovers. You can start on platforms like Airbnb Experiences, Viator, or even local community bulletin boards that provide avenues for you to kick start your tour guide services. Despite a D employability rating from CareerExplorer, indicating weak employment opportunities, still over the next decade, the U.S. is projected to need 13,200 tour guides. It is driven by the addition of 4,800 new guides and the retirement of 8,400 existing ones. In diving in the tour guiding industry, emphasize unique selling points, such as historical insights, personalized attention, or off-the-beaten-path experiences. Also, by incorporating technology, like virtual tours or interactive maps, you can enhance your offerings and appeal to a broader audience.

In terms of potential income, according to Indeed, the average salary for a tour guide is $21.52 per hour in the United States. But, a potential disadvantage for retirees in tour guide services is the physical demands of the job, including standing for extended periods and walking long distances. Additionally, the seasonal nature of tourism may lead to fluctuations in income, requiring you to plan and budget effectively.

16. Affiliate Marketing

Affiliate marketing is an ideal side hustle for retirees because it offers a straightforward path to financial independence. By connecting with niche audiences interested in specific products or services, you can tap into a ready market. You can start on platforms like Amazon Associates or ClickBank. According to Due, the US boasts a substantial 39% share in affiliate marketing. This online strategy is not only adaptable and low-risk, but also entails minimal startup fees. For retirees, this means a chance to capitalize on their networks by recommending products or services.

For potential income, TravelPayouts reveal that the earning potential in affiliate marketing is vast. If you have modest website traffic, you can earn up to $1,000 monthly, while those building a dedicated following can reach over $100,000 per month. The key for retirees is to start small, select products or services aligned with their passions, and gradually expand their reach. This allows them to maximize their earnings while enjoying the flexibility of working from home. Despite its benefits, affiliate marketing may present challenges such as the need for consistent online presence and the learning curve associated with digital marketing tools can be overwhelming. Additionally, relying solely on affiliate income may pose financial uncertainties. 

17. Produce Explainer Video On YouTube

Producing explainer videos on YouTube is an appealing retirement side hustle due to its broad audience's reach and relevance. It caters to businesses or individuals seeking clear explanations for products or services. To start, user-friendly platforms like InVideo or Biteable provide easy tools for creating engaging explainer videos, even for those with limited technical skills. To support the opportunity in this side hustle, Wyzowl's research reveals that 96% of consumers turn to explainer videos to understand a product or service better before deciding. For retirees, this signals an opportunity to share their wealth of knowledge in a visually accessible manner.

For potential income you can make, according to ZipRecruiter, the average annual pay for a YouTube channel in the United States is $68,714. By consistently producing valuable explainer videos and building a subscriber base you can potentially generate a steady income. But it's important to be aware of the competition. Tubics reports that there are over 51 million YouTube channels as of 2022, with a 36% growth in the previous year. While the demand for explainer videos is high, you must invest effort in creating unique, high-quality content to stand out amidst the increasing competition.

18. Home Staging

Home staging is a smart retirement side hustle because it caters to individuals looking to sell their homes. Retirees can target homeowners preparing to put their properties on the market. To start, you can check Houzz or Thumbtack, which connect home stagers with clients seeking their services. Home staging involves arranging and decorating a home to enhance its appeal to potential buyers. You can also leverage apps like Home Design 3D or Canva to help you plan and visualize your staging ideas. The International Association of Home Staging Professionals (IAHSP) reports that out of the 6.9 million homes sold in 2021, 1.3 million were staged. It shows the effectiveness of home staged to sell units to buyers. Additionally, The National Association of Realtors (NAR) further emphasizes the impact of staging, revealing that 20% of 2022 homebuyers increased their offers by 1% to 5% when a home was professionally staged.

Talking about how much money you can earn, ZipRecruiter shows that the average hourly pay for home staging in the United States is $20.62. This suggests a reasonable income potential for retirees. However, the hands-on nature of arranging furniture and decor may pose challenges for retirees with mobility issues. So, it's crucial for retirees to assess their physical capabilities and consider the level of physical activity involved in home staging before fully committing to this side hustle.

19. Part-time Bookkeeping

Part-time bookkeeping is a known retirement side hustle for retirees with a knack for organization and numbers. The potential clientele for bookkeepers includes small businesses that may not have the resources to employ a full-time bookkeeper. You can target local small businesses, startups, or freelancers in need of accurate financial record-keeping. To start your journey in bookkeeping, you can explore user-friendly platforms like QuickBooks or Wave. These applications offer intuitive interfaces and tutorials, making it easy for you to manage financial transactions, track expenses, and generate reports. According to a survey by Palo Alto Software, only 33 percent of small businesses employ a bookkeeper. Retirees can capitalize on this gap in the market by offering their bookkeeping services to businesses in their local community. Networking within business associations or using online platforms like LinkedIn can help retirees connect with potential clients seeking reliable bookkeeping services.

With regards to the profitability, Talent.com reports that the average bookkeeper salary in the USA is $44,042 per year or $21.17 per hour. For retirees looking to supplement their income, bookkeeping provides a flexible option. Entry-level positions start at $37,050 per year, and with experience, you might earn up to $58,500 per year. This income potential allows retirees to contribute financially while maintaining a manageable workload. Despite the income potential, it's important for you to be aware of the potential decline in employment opportunities for bookkeepers. According to the Bureau of Labor Statistics, employment of bookkeeping, accounting, and auditing clerks is projected to decline by 6 percent from 2022 to 2032. Additionally, a recent statistic shows that 74% of small business owners do not employ a professional bookkeeper, either part or full time.

20. Retail Worker

Retail work is a good retirement side hustle because it taps on various clients that include stores, both large retailers and local businesses. It involves engaging with customers, assisting with product inquiries, and contributing to the overall shopping experience. You can start your job hunting on Indeed or Snagajob, where many retailers post part-time positions. Additionally, retail stores often have their own websites or apps where retirees can directly apply for openings. Regarding the opportunity, The National Retail Federation reports that the retail sector hires between 530,000 and 590,000 temporary workers during the holiday season to accommodate increased shopper demand. You can leverage this opportunity by seeking seasonal positions, especially during peak shopping periods. This allows you to contribute to the retail workforce during busy times while maintaining the flexibility to step back during slower periods.

On average, retail workers earn approximately $15 per hour, according to Payscale. By selecting positions that align with your interests, such as in a hobby or lifestyle store, you can find enjoyment in their work while earning extra income. However, take note that retail work is physically demanding. Standing for extended periods or engaging in heavy lifting may pose challenges for retirees with mobility issues.

21. Become A Freelance Writer

Become a freelance writer is a popular retirement side hustle due to its flexibility and demand. You can cater to a diverse range of clients, including small businesses, online publications, and marketing agencies. You can offer services such as article writing, social media content creation, and crafting website copy. To start, retirees can check freelance platforms like Upwork or Fiverr, where they can create profiles highlighting their expertise and bid on writing projects. Freelance writing offers a significant opportunity for retirees, with Zippia reporting that over 30% of Fortune 500 companies actively hire freelancers for their content needs. Furthermore, the Content Marketing Institute reveals that 86% of B2B businesses and 75% of B2C businesses outsource their content creation, indicating a high demand for freelance writers. With businesses increasingly relying on external writers, you can position yourself as valuable contributors to content creation projects. 

The potential money that retirees can make in freelance writing is promising. According to Payscale, freelance writers have a pay range of $10.31 to $53.79 per hour. You can determine your rates based on your experience, expertise, and the complexity of the writing projects you undertake. Retirees can maximize their income by diversifying their writing services and exploring different niches, and building long-term relationships with clients. Despite the advantages, one challenge is the unpredictable income flow, as freelance work may not always be consistent. This uncertainty can be a concern for retirees looking for stable supplemental income. It's essential to manage expectations and establish a financial plan to navigate through periods of lower project availability.

22. Babysitting

Babysitting is an excellent retirement side hustle for retirees who enjoy working with children. You can target parents in your local community seeking trustworthy and caring individuals to look after their kids. To kickstart your babysitting journey, explore popular apps like Care.com or Sittercity. It allows you to connect with families in need of your service. Many parents are willing to pay extra for last-minute or specialized babysitting services, as reported by BusinessWire. In fact, according to the 2017 Care.com survey, over 74% of parents in America hire a babysitter at least once a month. It means, the demand for babysitters is growing and you can have steady potential customers.

In terms of potential income, ZipRecruiter shows that the average hourly pay for a babysitter in the United States is $17.62. However, retirees should know that babysitting is associated with the physical demands. It requires your energy and stamina, which may pose difficulties for some retirees. Additionally, irregular schedules and last-minute requests may disrupt retirees' plans, requiring flexibility and adaptability to successfully navigate the demands of babysitting as a retirement side hustle.

23. Explore Paid Surveys

Exploring paid surveys is a laid-back retirement side hustle due to its flexibility and low-stress income stream nature. You can conveniently take part in online surveys through dedicated survey platforms to share your opinions on products and services. To get started, sign up with reputable survey websites such as Swagbucks, Survey Junkie, or Pinecone Research. These platforms offer a user-friendly interface and a plethora of survey opportunities. By creating an account and completing profile surveys, you can receive relevant survey invitations based on their demographics and interests.

According to Talent.com, the average income for participating in paid surveys is $27,300 per year or $13.13 per hour. You can benefit from the flexibility of paid surveys that allow you to earn supplemental income at your own pace. By consistently taking part in surveys, you can accumulate earnings that contribute to your overall financial well-being. However, a potential disadvantage for retirees in paid surveys is the variability in survey availability and earnings. The number of surveys may fluctuate that affect the consistent generation of your income. 

24. Become A Tester With test IO

Becoming a tester with test IO is an uncomplicated and accessible retirement side hustle for retirees seeking a straightforward way to earn extra income. This side hustle offers you the opportunity to test applications from well-known companies like BuzzFeed and SoundCloud. You can start your journey by registering as a tester with test IO. Once registered, you will receive invitations to perform various types of testing, including exploratory functional testing, usability testing, user story testing, or test case executions. Identifying and reporting issues encountered during testing is the primary task, making it a user-friendly process for retirees.

Retirees can earn up to $50 for each issue they identify during testing, as per test IO. Even if no bugs are found, they can still earn by reproducing issues discovered by other testers, completing user stories or test cases, and rating apps. The potential income is determined by the type and severity of the identified bugs. Your payments are made monthly through services like PayPal, SEPA bank transfer, or Payoneer. However, testers must thoroughly identify and report issues, and this may require sustained concentration, which could be challenging for some retirees. Additionally, the income may vary based on the number and severity of issues found, so you should be mindful of potential fluctuations in earnings.

25. Start Transcription Services

Starting a transcription service is a valuable retirement side hustle for retirees who have good listening skills and attention to detail, as it involves converting audio and video content into written text. Also, it caters to businesses, researchers, content creators, and legal professionals, offering a diverse range of transcription needs. For retirees looking to embark on this side hustle, you can check online platforms such as Rev.com, TranscribeMe, or GoTranscript that provide accessible avenues to kickstart your transcription journey.

The opportunity in transcription services is significant, driven by the growing demand for accurate and timely transcriptions across various industries. According to FMI's report, the demand for marketing transcription in the United States is projected to increase by 7.2% between 2023 and 2033. Also in legal transcription, as indicated by U.S. Legal Support, is expected to maintain a dominant market share of 90% in North America through 2029. As businesses increasingly recognize the value of accurate transcriptions for content creation, marketing strategies, and legal documentation, you can position yourself as reliable transcription service provider.

The potential income for retirees in transcription services is noteworthy. According to ZipRecruiter, the average hourly pay for a transcriptionist in the United States is $20.19. You can earn income based on the volume and complexity of transcription tasks you accept. As you gain experience and efficiency, you may attract higher-paying opportunities and build a steady client base. However, the work may require prolonged periods of focused listening and typing, which could be physically demanding for some retirees. Additionally, managing time effectively and meeting deadlines is crucial in this business. 

26. Delivery Service

Delivery service is a fit retirement side hustle due to its widespread demand among various customer segments. Specifically, you can target busy professionals, elderly individuals, or anyone looking for the convenience of having goods brought to their doorstep. To begin, retirees can explore user-friendly platforms like DoorDash or Instacart. The opportunity in this side gig is enormous, as LendingTree survey revealed that over 77% of Americans, or more than 196 million people, used on-demand delivery services in the past year. So, if you have a car and have plenty of time, you can try offering a delivery service and take advantage of the huge numbers of clients that use this service.

In terms of how much money you can make, ZipRecruiter shows that the average hourly pay for delivery services in the United States is $46.36. By dedicating a few hours each day or week to deliveries, you can significantly boost your income while providing a valuable service to your community. However, it's essential to consider potential disadvantages like the physical demands of delivery work. It includes lifting and transporting packages which may pose challenges for some seniors. Additionally, the need to navigate through traffic or handle inclement weather conditions could affect the overall experience. 

27. Amazon Retail Arbitrage

Amazon retail arbitrage is a lucrative retirement side hustle opportunity because it involves purchasing discounted items from retailers like Walmart or Target and reselling them on Amazon. For retirees venturing into Amazon retail arbitrage, the process is straightforward. Begin by creating an Amazon seller account and then explore clearance sections in popular retail stores to find products at discounted rates. The appeal of this side hustle is that it requires no marketing efforts; sellers leverage the existing brand power of the products they choose. You can start by downloading the Amazon Seller app on your smartphones. This app allows you to scan barcodes of potential products that provide instant information about the item's Amazon selling price and potential profit margins. Additionally, you can use websites like BrickSeek to check local retail stores for discounted items.

The opportunity in Amazon retail arbitrage is in the ease of entry and the potential for fast profits. You can tap into the vast customer base of Amazon, which is 310 million customers worldwidewith nor extensive marketing efforts. The reliance on established brands ensures that products are likely to attract buyers that can facilitate quicker sales. Moreover, the Fulfillment by Amazon (FBA) program simplifies the shipping process, allowing you to focus on sourcing and listing products. By taking advantage of FBA, you can store their inventory in Amazon's fulfillment centers, and Amazon handles the packing, shipping, and customer service aspects.

In terms of potential income, according to Jungle Scout, 62% of retail arbitrage sellers make less than $5,000 per month, with only 25% earning less than $500. While Amazon retail arbitrage offers an accessible entry point into e-commerce, it comes with its set of challenges. You should know the lack of control over product pricing and margins. Additionally, scalability may be limited, and there's the risk of being banned by Amazon, highlighting the importance of compliance with the platform's policies.

28. Social media management

Social media management is a smart retirement side hustle because it caters to businesses and individuals looking to enhance their online presence. It includes small businesses, local shops, and professionals often seek assistance in managing their social media accounts effectively. To get started, you can start learning apps like Hootsuite or Buffer. These tools allow you to schedule posts, track engagement, and manage multiple social media accounts from one dashboard. Additionally, online courses on platforms like LinkedIn Learning or Skillshare provide valuable insights into social media management.

The opportunity in social media management is substantial, as the U.S. Department of Labor Statistics reveals that the demand for social media managers or specialists is expected to grow by 10% before 2026. This demand is fueled by businesses recognizing the importance of a strong online presence for marketing and brand building. You can fill this gap by offering you skills in social media management. Additionally, The HeyOrca! a survey showing that 91.7% of social media managers were not affected by tech layoffs. It underscores the stability of this field.

Talking into the potential income, retirees can find financial reward in social media management. According to Glassdoor, the average salary for a social media manager in the United States is $64,273 per year. This figure is supplemented by additional cash compensation, averaging $4,255. It surely provides retirees with a clear picture of potential earnings. While social media management offers an array of benefits, the fast-paced nature of social media and the need for consistent engagement may be challenging for those unfamiliar with current trends. Additionally, retirees should be mindful of potential privacy concerns and adhere to ethical practices while managing client accounts.

29. Drive for Lyft or Uber

Driving for Lyft or Uber is a great retirement side hustle as you cater to a wide range of customers such as workers, students and even families, who are looking for convenient and reliable transportation services. This side hustle allows you to leverage your driving skills while maintaining control over your schedule. To begin, you need to sign up on the respective Lyft or Uber apps. These user-friendly platforms guide drivers through the onboarding process, ensuring a seamless start to their journey. For additional support, retirees can explore online resources and forums on Reddit where experienced drivers share tips and insights. The opportunity in driving for Lyft or Uber is substantial, considering the vast user base of both platforms. Lyft reported that in 2022, over 45 million people used their platform for rides, bikes, or scooters. Similarly, Uber, a prominent player in the sharing economy, experienced remarkable growth, reaching 130 million monthly users by early 2023 according to Statista. It shows how huge the potential customer you can have when you start joining Lyft and Uber.

Additionally, retirees can expect a competitive income from driving for Lyft or Uber. According to Indeed, the average hourly pay for an Uber driver in the United States is approximately $19.18, exceeding the national average by 16%. Lyft drivers fare even better, earning an average of $21.95 per hour, which is 33% above the national average. This level of income provides retirees with a steady and reliable source of additional funds that makes it an attractive option for those looking to supplement their retirement savings or cover extra expenses. Despite the advantages, the nature of driving entails prolonged periods of sitting and potential strain on the body, which could be challenging for some retirees. Additionally, retirees should carefully evaluate insurance coverage and associated costs to ensure comprehensive protection.

30. Customer Representative

Becoming a customer service is a stable retirement side hustle because this is not only in demand but also provides retirees with an opportunity to contribute their skills in communication and problem-solving. To initiate this journey, retirees can explore reputable job platforms and company websites to find openings for customer service representatives. Websites like Indeed or Glassdoor often list positions, and companies like Amazon or Apple frequently hire remote customer service representatives.

The opportunity in this field is vast, as indicated by the Bureau of Labor Statistics, projecting approximately 373,400 openings for customer service representatives annually over the next decade. This demand signifies a consistent need for individuals expert at handling customer interactions. For financial aspects ,according to ZipRecruiter, the average hourly pay for a customer support representative in the United States is $18.80. This competitive pay together with the flexibility often offered in customer service roles, makes it an appealing choice for retirees looking to supplement their retirement income. However, customer service roles may involve handling irate customers or managing a high volume of inquiries, which could be stressful for some retirees.


If you are a retired engineer and still want to earn an extra income, you can check my ultimate list of engineering side hustles that may be suited to you. 

4 Major Consideration In Starting Retirement Side Hustle

1. Consider Your Physique

Physique, in this context, refers to the state of your body, especially considering any health conditions or physical limitations. It's essential for retirees to opt for side hustles that accommodate their physical well-being to ensure a sustainable and comfortable experience. The importance of this consideration is underscored by the prevalence of arthritis among older adults. According to the University of Michigan National Poll on Healthy Aging, 60% of adults aged 50–80 reported being diagnosed with arthritis. Arthritis, particularly osteoarthritis, can affect mobility and physical capabilities. Therefore, retirees must be mindful of their health conditions when selecting a side hustle. Additionally, a substantial 30% reported a diagnosis of osteoarthritis, a condition that often affects joints, including those crucial for physical activities. These statistics stress the prevalence of health conditions that may limit physical abilities among retirees that make it essential for retirees to choose side hustles that align with their physical capabilities.

First, check how you're physically doing—notice any health issues, joint pain, or limits to your movement. If you're unsure about what your body can handle, talk to healthcare pros. They can guide you on activities that work well with your health. You can look into side hustles that don't stress your body much, like online tutoring, virtual help, or selling crafts you make. You can use online platforms like Upwork, Fiverr, or Etsy where you can work from home.

2. Think About Your Budget

Budgeting refers to the process of planning and managing your finances, outlining your income, expenses, and financial goals. For retirees, this consideration is vital as it helps in making informed decisions about side hustles that align with their financial capabilities and aspirations. Having a clear budget serves as a roadmap that provides you with a strategic plan for achieving your financial goals.. Without a budget, it becomes challenging to measure progress, allocate resources effectively, and ensure sustainable financial growth in retirement. According to Donna Conte, a service area leader for accounting services at Warren Averett, a full-service accounting and advisory firm, "Without a budget, you have no measuring stick to evaluate your goals and performance." Additionally, a report from Clutch reveals that more than half of small businesses (54%) have a documented budget for 2021.

You can start by figuring out what you want to achieve financially in retirement, like making extra money, saving for something specific, or funding a hobby. Knowing your goals helps you make a clear budget. Next, look at your money situation right now—how much you make, spend, and owe. This step forms the base of your budget. Then, explore side jobs that match what you're good at and like doing. You can check websites like TaskRabbit and Upwork to help you find gigs. 

3. Take Note Of The Taxes

Taking note of taxes means being aware of how your additional income may affect your tax obligations. For retirees, this becomes significant as it directly affects their overall financial well-being. Retirees, often on fixed incomes, must prioritize managing their finances wisely. Ignoring the tax implications of a side hustle can lead to unexpected financial burdens. According to the IRS, individuals must file a tax return if their yearly net earnings from self-employment or gig work (side hustle) amount to $400 or more. For those aged 65 or older earning W-2 wages, you can earn up to $14,700 a year without filing a federal tax return1.

To apply this consideration, you should diligently record your side hustle earnings by employing apps like QuickBooks or spreadsheets for organized income tracking. It's equally essential to comprehend eligible deductions or expenses like supplies, equipment, or a home portion used for business. You can leverage tools like TurboTax for guidance. These steps empower you to pursue side hustles wisely and optimize income while effectively managing tax responsibilities.

4. Keep In Mind Your Schedule

Your schedule refers to the time you will dedicate to your side hustle and how it aligns with your retirement lifestyle. It is when and how much time you can commit to your side hustle. This consideration is crucial because it directly affects your earnings. The time you invest in your side gig correlates with the income you generate. A study from Vistaprint found that 75% side hustlers making less than $100 a month from a side hustle spend only 0-5 hours a week on it. On the flip side, 85% of those making $500 or more monthly put in at least 5 hours a week. This means the more time you put into your side hustle, the more money you can make. So, when picking a side hustle, think about how much time you can give. If you want more money, be ready to spend more time.

Start by checking your schedule to find free time. Set achievable income goals that match the time you can commit. Then. explore flexible gigs online using platforms like Upwork, TaskRabbit, or Fiverr. Use these apps to connect with opportunities that suit your skills and schedule. 

Can Retirees Do Side Hustle?

Yes, retirees can do side hustles. According to Zippia, those aged 55-64 earn the most from side gigs, averaging $1,061 per month. Furthermore, Bankrate reports that 24% of baby boomers (aged 59-77) are actively involved in side hustles. This data confirms that older individuals are not only taking part in side hustles but are also making substantial money from them.

How Much Can Retirees Make In Side Hustles?

Retirees can make an average of $1,061 in side hustles. According to Zippia, people between 55-64 years old earn the most, averaging $1,061 each month. On the flip side, those between 18-24 years old make the least, about $533 per month from side hustles. This shows that older side hustlers earn more from their extra gigs compared to younger ones.

How Many Retirees Have Side Hustles?

According to Experian, approximately 1 in 4 retirees (baby boomers), who fall within the age range of 59 to 77, have side hustles. This statistic is supported by findings from Bankrate, which reveal that 24% of individuals in this demographic have pursued additional income streams through side hustles. It's worth noting that as individuals grow older, the likelihood of having a side hustle decreases. Zippia's data highlights that among those aged 55 and older, only 27% are engaged in side hustles. This suggests a trend where older demographics are ‌ less inclined to take on supplementary work.

What's A Good Side Hustle For Retirees?

A good side hustle for retirees is one that demands minimal physical effort and allows flexibility. Ideal options include online freelancing, where retirees can offer their expertise in areas like consulting, writing, or virtual assistance. Additionally, exploring passive income streams, such as investing in stocks, real estate, creating an online course or lead gen biz, can provide financial benefits without active involvement. You can also consider part-time consulting or coaching in your field of expertise for a more hands-on yet flexible approach. These side hustles enable retirees to capitalize on their skills and experience while maintaining a balanced lifestyle.

Conclusion: What Is The Top Retirement Side Hustle Out There?

Local lead gen is the top retirement side hustle out there because of its passive nature, less competition and high profit margin. It is a side hustle that works like owning digital real estate. You can start by creating websites for as low as $500, optimize them to rank high on Google, and then lease them to local businesses hungry for leads. This is a business where you call the shots, you own it. Your clients can't fire you because they need those leads. Once your site hits the top of Google, it's a "set it & forget it" deal. It can generate passive income ranging from $500 to $2,500 monthly. If you want to scale, just repeat the steps —build, rank, and rent. For retirees, engaging in this side hustle provides a unique avenue for generating income without the daily maintenance concerns associated with side hustles like renting out extra spaces, managing delivery services, or pet sitting. This opportunity allows them to kick back and relax while still earning money without getting tired from physical work.

Why local lead gen? Well, the competition is minimal. You're up against 10-15 local companies because you're ranking in local cities & towns that make your space less crowded compared to other side hustles. For example, Etsy boasts over 7.4 million sellers, and freelancers in the U.S. are set to hit 73.3 million in 2023, projected to soar to over 90.1 million by 2028, as per Statista. Local lead gen clearly wins the battle for less competition. Profit margins? Local lead gen is the winner again. With a hefty 95% profit margin, it outshines other side hustles. Consider this: if you choose Amazon, it only operates on a slim 15-20% profit margin, while dropshippers hover around 15-20% too. In lead gen, you're dealing with information, not physical products, and the traffic is free. No goods, all gains.

I've already got over 50 lead gen sites in my arsenal, each raking in $500 to $2,500 monthly. Look at my tree service site above, for instance –  I only spent 15 hours to build and rank it. Since 2015 up until this year, it earned me over $168,000. That's the beauty of local lead gen – a side hustle that not only pays well but stands the test of time. So, if you are looking for a top notch side hustle for your post-employment years that allows you to sit back, relax and earn, choose local lead generation

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Ippei Kanehara

$52K per month providing lead generation services to small businesses

Ippei.com is for digital hustlers, industry leaders and online business owners.

His #1 online business recommendation in 2024, is to build your own lead generation business.

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