re: Retiring before 50

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You want to work hard and save so you can piss off good habits and spend carefree?

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The funny thing is you’d need a lot more than 10 million to live the lifestyle he put in his post.

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You want to work hard and save so you can piss off good habits and spend carefree?

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I want to have enough money so I spend close to 0% of my time caring about things like the price of gas or plane tickets. I'm a high-earner now, but getting later in my career. I am routinely amazed at how much brain damage (even rich and wealthy) people put into caring about small dollar things.

And how are you portraying "spend carefree" as something negative? That's virtually the definition of freedom itself. So I guess my answer is, yes, I want to work hard so I have freedom.

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I don't understand your math here.

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My current number is about 5 mil.

I’m saving pretty aggressively. It would take me another 8 years to hit 10 mil. So off the top of my head I was off by a couple years.

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I'm not trolling at all - I'm dead serious. In fact, this has been a massive trend, basically started during the pandemic. An entire generation of old folks looked around and said "who cares if I die with $15M or $14M - I'm going to see my damned grandkids"...and they haven't looked back.

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What does any of this have to do with chartering private jets every year?

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And how are you portraying "spend carefree" as something negative? That's virtually the definition of freedom itself.

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Freedom isn't free as they say.

You be you.

I'm just laughing at the discipline needed to save so you can reach a point to flaunt being undisciplined.

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Umm...what?

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You tell us. You’re the one who brought up budgeting a million bucks to fly private

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I'm just laughing at the discipline needed to save so you can reach a point to flaunt being undisciplined.

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Flaunt? Where did you get that?

I can see where you think it's a humorous juxtaposition. But the discipline is to get to the goal.

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I pretty much live that way now while working.

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You’re current spend is 20k+ per month, not counting savings?

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Anyone here done it? Any tips of so? It is my dream. Or semi-retire (work 2 to 3 days a week) at least anyway. Everything is paid off, no kids, in mid 30s. I'm extremely frugal. Wife (no pics) not so much. I'm thinking if I can save like 60% of my income over the next 10 years I can get this done. Just gotta keep the wifey motivated to continue saving. Trying to convince her to move her 401k contribution up to 15% since we just paid off the house.

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I’m 41 and I could probably do it but I won’t. I enjoy working but I may cut back some of my company will let me.

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But the discipline is to get to the goal.

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And the stated goal is lack of discipline.

At ease.

You are doing great.
You don't save $10M by being lucky.
And the beauty is that once you earn it, you can spend it any which GD way you choose.

I'm still in the middle of the accumulation phase. You talk about spending money in retirement and my eyes and ears see/hear what it takes to save that amount.

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You don't use retirement accounts.

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You do if thats what is available to you. 85-90% of my net worth is tied up in retirement accounts, even with a paid for home. Call it luck or whatever, but my retirement accounts have done exceptionally well. I'll use whatever method available to draw early from them.