IPA: //ˌpriːrɪˈtaɪərmənt//
KK: /priːrɪˈtaɪərmənt/
Happening or existing before someone stops working, usually when they reach a certain age.
Many people start planning their finances during their preretirement years.
Preretirement is formed from "pre-" (meaning before) and "retirement" (from Old French *retirement*, meaning withdrawal or retreat). The word refers to the period or actions taken before one withdraws from their professional career.
Think of 'before' ('pre-') someone 'withdraws' ('retirement') from work — that's what preretirement means.