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People overlook how much you need to make to retire early. Let's say a guy makes $50,000 year, and saves $20,000 of that. Every year he retired, he'd: Have his
by lionhearted 18y ago
People overlook how much you need to make to retire early. Let's say a guy makes $50,000 year, and saves $20,000 of that. Every year he retired, he'd:
Have his savings go -$30,000 at the same quality of life
NOT have his savings increase +$20,000
This seems obvious, but most people miss something when thinking about retiring early: It's an extra year you have to pay for out of savings, and you're not earning in that year.