They may be coping with financial handicaps that include high levels of student debt and low levels of pay, but that doesn't mean millennials mean to devote all their years to the workforce.

In fact, they're already planning not just to retire, but to retire early.

That's according to HSBC's latest Future of Retirement research, which finds that they plan to be out of the workforce by age 58, and are already saving for retirement—80 percent say so—and planning to cut their expenses to save more (75 percent).

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