The Money Mustache Community
Around the Internet => Mustachianism Around the Web => Topic started by: Zoot on July 14, 2015, 09:15:26 AM
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http://money.cnn.com/2015/07/14/retirement/how-to-retire-early/index.html?iid=hp-stack-dom
Not a bad article, all things considered; the pile-on is already beginning in the comments, of course. :)
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Without reading the comments this is a well to be couple with high income: "He saved at least 25% of his income, putting away as much as $50,000 annually in a good year."
That's $200k of income right there.
Not your average American exactly.
On the other hand I have colleagues who claim "you barely cover expenses at $200k in this city and I can't imagine having children" and that's just plain silly.
This particular couple could probably have retired even earlier had they been mustachian for real... $2m is crazy money for most people at this forum.
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It took them 30 years to save $2 million. And the market was great during a lot of that time. That's not such an accomplishment around these parts.
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It's good to see people promoting higher than 15% rates. Correct, it isn't MMM levels of saving, but still doing better than the average.
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Without reading the comments this is a well to be couple with high income: "He saved at least 25% of his income, putting away as much as $50,000 annually in a good year."
That's $200k of income right there.
Not necessarily. If we assume that "He saved at least 25% of his income" means that that's how much he saved in his worst year, and "as much as $50,000 annually in a good year" was the best that he did, then he could have easily had only $100,000 in income, saving between 25% and 50% from year to year, and still fall within the estimated parameters.