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re: Anyone retire early early?
Posted on 5/14/24 at 10:36 pm to turkish
Posted on 5/14/24 at 10:36 pm to turkish
Couple where each earn around $200K can really start stacking the savings, especially once you have a nest egg working for you.
Charlie Munger had the quote of “do whatever it takes to get $100K in savings”…how large number compound on one another is the key, especially if you can hit that as early in your 20s as possible.
Charlie Munger had the quote of “do whatever it takes to get $100K in savings”…how large number compound on one another is the key, especially if you can hit that as early in your 20s as possible.
1
Posted on 5/14/24 at 11:31 pm to lynxcat
A huge key imo is doing whatever you can to hit the annual max in tax advantaged accounts.
Even if you don't do anything else if you can hit those by like 25/26/27 and keep it that way you can be almost guaranteed a "comfortable" retirement and a decent chance its before 60.
Even if you don't do anything else if you can hit those by like 25/26/27 and keep it that way you can be almost guaranteed a "comfortable" retirement and a decent chance its before 60.
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