This is true -- it's 100% about your savings rate: how much money are you saving (net) each year? And out of that, how much are you investing? This article doe

This is true -- it's 100% about your savings rate: how much money are you saving (net) each year? And out of that, how much are you investing? This article does an excellent job of explaining it better than I ever could: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ https://www.mrmoneymustache.com/2012/01/13/the-shockingly-si... In summary, however, assuming you are a W2 employee, here are some immediate steps to take: - Pay off all debts > 4% interest - Reduce spending / consumption - Max out your 401k - Max out your IRA each year - Invest the rest into low-cost index funds, I personally do VTIAX and VTSAX (international stocks and US stocks) Once your investments reach 25x your yearly expenses you are good to go =)