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I retired in January 2003 at age 47. I'm single with no dependents. Until I draw social security and a very small pension, I'll live primarily on my savings. Here's what allows me to live rich on less:

- To keep my medical costs manageable, I shopped around to find a reasonably priced, high-deductible health insurance policy while I was still working. So I didn't have to worry about COBRA whenever I quit.
I also practice preventive care: diet, exercise frequently, get enough sleep, and take supplements.

- I have no debt. I paid cash for my car and my condo is paid off.

- I live on a modest budget, however 25% of it is allocated to leisure costs. I retired to enjoy myself so spending this much on leisure is my way of maintaining quality of life. I scurtinize all my elective spending to make sure that it adds to my quality of life. If it doesn't, I eliminate it.

- Sometimes increasing quantity equals increased quality of life. For example: Since I want to enjoy as much leisure as possible, I stretch my leisure dollars. Taking 3 low-cost camping trips makes me happier than taking 1 high-priced trip for the same price!

- My total annual income (dividends, interest and retirement account withdrawals) is very low. So low that it qualifies me for certain proverty programs, such as discounts on my electric and phone bill.

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