I'm a classic, non-musdachian, in that I maxed my 401k, and blew the rest. Suddenly, at age 55, I saw the light and decided to be more mindful in my spending. I have plenty in my 401k, and really do like my job, but it got me thinking, my son could do it completely differently.
He's much more a natural mustachian than I, plus he'll have some intrinsic advantages. He will be debt free, with at least $5k in a Roth, with a paid for, reliable car, by the time he starts a job starting at least $70k at age 22.
We ran the numbers on 401k and he can amass plenty if he maxes between 22 and 35 and then never contributes again, assuming 7%.
The question is, where does the money for earlier FI come from? Should he contribute a little less and a little longer to his 401k in order to free up post tax savings to invest to live off in early retirement?
In other words, max the 401k or not?
Thanks!