Is it possible to retire early (40-50) with my nonprofit salary? (Event/Race Director at a YMCA)
Income: $32,500 ($27,681.60 take home) includes great health benefits, taxes, no 401(k) contribution. $2,306.80/month
Current expenses: $1,230/month ($14,500/year)
Breakdown of current expenses
https://drive.google.com/file/d/0By0sWL9s9L9ZazkyTzA3QXlaY2M/edit?usp=sharingFuture expenses: $1,880/month ($22,430/year)
Breakdown of future expenses
https://drive.google.com/file/d/0By0sWL9s9L9ZVk5UUEV2NDVybEU/edit?usp=sharingAssets: $4,400 in cash
$5,100 in CWGIX (parents started for me)
2005 Ford Taurus (no auto loan, has 135,000 miles, needs a few hundred $ in maintenance every year)
Old commuting bikes, a decent road bike, a tandem, a mtn bike (all free and not worth much to sell)
Liabilities: $18,000 in student debt currently being repaid to Grandma at 3%.
$24,400 in additional family loans, most of which I would like to repay.
Specific Question(s): Though my current savings rate is almost 48%, it may very likely drop to 19% in one to two years. With my current income level (can rise 2-4% each year with a max salary cap of $36-$37k) am I able to retire before I hit 65?
I have a Masters Degree in Recreation Management, which is the reason for the majority of my debt. The average starting salary for someone with a Bachelor's Degree is above what I am currently making, but I really ENJOY my job (stressful at times, but overall it's good). Should I be pursuing something that pays more? I bike everywhere, even in 10 degree weather. I spend a bit on groceries (never eat out, just enjoy delicious local and organic food). I'm a runner, cyclist and triathlete, so I spend a bit on shoes and races (that keeps me sane so I cannot cut those).
I have a roommate now, which is why my rent is only $347.50. A marriage is very likely in the next 2-3 years.