Quote:
Originally Posted by SULPHITE
CM...dusting off my coffee can w/ my stash!! Lead me the way bro...I want to retire at 35!!!
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I can be done! At your current age though, You have to be extremely disciplined saver though. Which is very tough to do.
Lets just assume you are able to save $1MM by age 35, that'd provide you with roughly $50k per yr in income without touching your principle. So you can take it from there. If you need more income, save more, if thats enough you now know your target.
Retiring at 55 instead of 65 or 35 is much more realistic, because you're money has so much longer to grow. That'd give you roughly 30 yrs invested instead of 10 yrs.
The key is to start now, gotta build a bigger base 1st to grow faster.