Comments on: How to Retire at 55 (Safely!) https://www.goodfinancialcents.com/how-to-retire-at-55/ Thu, 28 Sep 2023 01:21:46 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Nick https://www.goodfinancialcents.com/how-to-retire-at-55/#comment-9605575 Tue, 06 Apr 2021 00:09:56 +0000 http://gfc-live.flywheelsites.com/?p=34150#comment-9605575 I respectfully disagree with my colleague. I made less than 90k for years and easily saved more than 20k annually. I started early and saved far more than the slightly under 2 million cited. Of course cost of living and family size make a huge difference so it is tough to generalize.

]]> By: Luis Wu https://www.goodfinancialcents.com/how-to-retire-at-55/#comment-9551866 Sun, 03 May 2020 17:43:31 +0000 http://gfc-live.flywheelsites.com/?p=34150#comment-9551866 In reply to James Barrett.

James Barrett, I was making a lot less than you make and still managed to save that and more and invest more. So, no, nobody is smoking crack. As Jeff Rose stated above, it depends on the lifestyles you live and how badly you want to want to achieve that early retirement, regardless of age. My wife and I were able to achieve that and more. I am getting very close to 55 and we really have the luxury and privilege of achieving that if we want to.

]]> By: Jeff Rose https://www.goodfinancialcents.com/how-to-retire-at-55/#comment-9543298 Wed, 29 Jan 2020 20:23:22 +0000 http://gfc-live.flywheelsites.com/?p=34150#comment-9543298 In reply to James Barrett.

how much can you put away?

]]> By: James Barrett https://www.goodfinancialcents.com/how-to-retire-at-55/#comment-9543157 Tue, 28 Jan 2020 19:53:31 +0000 http://gfc-live.flywheelsites.com/?p=34150#comment-9543157 You are smoking crack if you think your average worker can save $20k per year. I make over $90k and I can’t even put away that much. Maybe you want to re-figure your numbers.

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