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by rurban 2601 days ago
I'm doing it, my neighbor is doing it, many people I know retired already and are doing fine. You have so much more time doing more interesting stuff.
1 comments

How much time it took you to get there once you consciously started working towards it? And what path you took? If you don't mind me asking :)
Not the original poster however get where? Everyone has their own goal. The basic fire goal is $1M with a 3-4% withdrawal rate however you can "fatfire" and look to maintian the same lifestyle you have when you were earning, which is easier to do for someone who has start-up shares, or owns a business/commercial real estate. You just have to start and also know that the younger you are when you start the more your money grows via compound interest (especially if you are using the index fund investment approach.)
30 or 40k is not enough to live on comfortably in most of the us, much less the larger west cost cities. Is the goal that low? Seems way to low.

My home owner's taxes are more than half that. Probably the idea is live in a place that's less expensive (which is not stupid), but I also want to live in a place with interesting things and people and good climate and jobs and schools, leading to a 'nicer' city I think.