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re: Early Retirement

Posted on 4/29/16 at 8:47 am to
Posted by dragginass
Member since Jan 2013
2769 posts
Posted on 4/29/16 at 8:47 am to
What I've been doing hasn't been overly drastic. Depending on your company match, maxing out your 401k annually for 20yrs can easily make you a 401k millionaire. Get your house paid for, and at that point you're sitting pretty.
Posted by Layabout
Baton Rouge
Member since Jul 2011
11082 posts
Posted on 4/29/16 at 11:28 am to
quote:

maxing out your 401k annually for 20yrs can easily make you a 401k millionaire


And that will give you an income of $40,000 a year before taxes if you don't want to outlive your income, even less if you retire early.
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