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I've looked into relocating there, but citizenship seems difficult?
I also think I read somewhere that there are stricter labor laws so I wouldn't be able to freelance as heavily (~30 hours a week) alongside having full-time employment?
Why would you want to work 70 hours a week in Europe? Nobody really does that there
I'm trying to retire early, so I usually work my 40hr day job and then do another 20 or so contracting / consulting.
You don't have to have that mindset there
Hmm, that's a good point!
Honest dumb question - what is the (general) retirement situation in Europe then?
The Working Time Directive means you can't work more than 48 hours per week and it also prevents employers from making you work more than 48 hours per week (there are some exceptions eg workers on ships and trainee doctors) but in most EU countries you can opt out of it.
You don't have to get citizenship.