GoDaddy Huge Renewal Charges?

I bought a couple of domains (.io, .life, .to, etc.) for less than $2-$3 each. Now, when I look at my dashboard, the renewal costs seem incredibly high. The .life and .io domains are around $40 each. Is it possible to transfer these domains to another platform, and is it safe to do so? How long does the transfer process typically take? Do you have any experience with this?