No. of Recommendations: 1
Yet I can tell you that it is very possible RE with significantly less than 2-3M.

I don't doubt that for a second. But early retirement is a huge step to take. I don't want it to be very possible. I want it to be absolutely certain.

For a lot of us, age 50 to 60 represents some peak earning years. Retiring early involves giving those up. If, for some reason, you find ten or fifteen years down the line that you miscalculated, it's not as if you can simply pick up where you left off.

Part of this depends on what type of lifestyle you look forward to and how much of a security net you think you need. Retiring early leaves you with a lot of years ahead of you, during which any number of things might change.

I guess it might be different if I were utterly miserable in my current situation as opposed to just moderately miserable. But to me, if I were to retire before age 60 I'd want to be pretty sure I had a secure future ahead.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.