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Retirement Discussions / FIRE Wannabees
|Subject: Re: What percentage of gross?||Date: 1/13/2004 11:23 AM|
|Author: foolkath||Number: 1765 of 5144|
I am now FIRE. My husband and I saved 20 percent of our gross on a regular basis since 1970. So it took us over 30 years. But we enjoyed life a little inbetween. We are 53 and 55 yrs of age.
I found that starting early made the huge difference in being able to live well the last 10 years before FIRE.
If we saved more during the last 10 years we would have a bigger income in FIRE. But we have enough to give us 80 percent of our after tax income. We will be able to supplement that with some work that we enjoy if we want to let our investments grow some more.
When you start saving early in life, it gives you more options when you are older. And the since of security that it gives you is even worth more then all your savings.
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