4 ms·
It's very possible to retire within 10 years if you're frugal. Essentially if you save 65% of your after tax income you can retire in ~11 years assuming you do
by econner 11y ago
It's very possible to retire within 10 years if you're frugal.
Essentially if you save 65% of your after tax income you can retire in ~11 years assuming you do not increase spending in retirement.
This model assumes a safe portfolio withdrawal rate of 4%.
http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...