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How to retire in your 30s: save most of your money and rethink your core values - Vox - Pocket #24

Open kino-ngoo opened 6 years ago

kino-ngoo commented 6 years ago

How to retire in your 30s: save most of your money and rethink your core values - Vox - Pocket
Photo by: Shutterstock Seven in 10 Americans are disengaged from their jobs , according to Gallup. That's more than two-thirds of us who are unfulfilled by our…

September 10, 2018 at 09:37AM
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kino-ngoo commented 6 years ago

Mr. Money Mustache, the best-known early retirement blogger, has done the math and shown that assuming a 5 percent rate of return, if you save half your take-home income, you can retire in 17 years. If you save even 30 percent, it's 28 years — which might sound like a long time, but if you start at age 22, it means retiring at 50, far earlier than most people do. And this is far less than many extreme early retirees' savings rates. Several of the retirees I spoke with have managed to save 70 percent or more, allowing them to retire in less than 10 years.