By retire early, do you mean retire like Mr. Money Mustache suggests, -- i.e., extremely low cost of living, don't use AC, don't drive anywhere, probably live on less than 20K a year?
Or are you making a large enough salary in the PNW/San Jose or something where you can put back 1-3 mil in 10 years?
I ran that calculator and while it says I can retire soon, I've always heard 25x income to be a much more reliable number.
No I'm not a lean FIRE guy like MMM more of a FatFIRE https://www.reddit.com/r/fatFIRE/ Our family spends like a drunken sailor on shore leave. I'm lucky to come from a dual income family and save 100% of my salary. I'm targeting saving 25x yearly spending.
Thanks -- haven't heard that term before. I'll check it out. I like the idea of early FI but I'd like more a cushion that I think some of the lean guys are going for.
Or are you making a large enough salary in the PNW/San Jose or something where you can put back 1-3 mil in 10 years?
I ran that calculator and while it says I can retire soon, I've always heard 25x income to be a much more reliable number.