Can You Really Retire in Your 30s?

Inheriting enough money to retire was the smartest financial decision I ever made.

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

This was a realistic goal for me on my own, but once kids enter the equation, things completely flip. When I was single and childless, I kept my expenses under $2500/month, but now: Healthcare for two dependents = an extra $800 per month, larger apartment = an extra $1000 per month, daycare so that my wife and I can work during the day = $1200 per month. That's $3000 extra every month without even factoring in food, clothing, diapers, additional utilities, college/trade school savings fund, and all the other million little expenses that come with children. There's a joke from the Simpsons where Homer says, "I have three kids and no money... Why can't I have no kids and three money?" I love my family and wouldn't trade them in for more funds but I relate. Having children increased our household expenditures by way, way more than I ever anticipated, not to mention the upfront costs of childbirth and/or adoption.

the younger you learn about F.I.R.E, the more grateful your future self will be.

RUN THE NUMBERS...........Yup, I can afford to retire when I’m 256 years old.

it should not really about retiring in your 30s. .... it should be about escaping the rat race, being financially independent, and having enough resources to do the things that you really dream of as early as possible in your life.

i’m 15 and this video has introduced me to my new life goal

Having two exceptional incomes can lead to early retirement. This means finding someone of equal education and financial sense. Unfortunately, one medical crisis can sidetrack it completely if you live in the United States.

It's not about retiring early, but having options. It's insanely rewarding to be in a great financial position where you can do what you want!

This is the most reasonable explanation ive seen of the FIRE movement ever!

Retiring in 20 years? Due to inflation, you may need upward of $3.6million to maintain your existing lifestyle, with the ongoing effect of high inflation, lower forecasted stock market returns or value, and stagnant wages. Achieving a secure early retirement could be more challenging than ever before.

One problem is that you've got to have a partner who has a similar financial mindset. This is a hurdle I'm facing. I would love to retire by my early 40s at the latest. For me, it's not about early retirement but it's more about the flexibility, quitting the 9-5 rat race, and being able to do things that make me happy

I retired one year ago at age 57. I was so frugal I lived like I was on a camping trip at my house. My co-workers made jokes about me, laughed at me and called me a greedy miser. Now I laugh at them because they have to work and I don't.

"Mr Money Mustache, no relation" LOL

Exactly one year ago, I have seen this video for the first time, and it literally changed my life. I seriously reconsidered my future life plans and started saving like crazy. I also managed to read every single article from MMM (it took me about 6 months) and got to investing while still being in college. Today, one year later, I am watching this out of nostalgia and am so grateful I have seen this a year ago, I will also invest some money today as a form of celebration

Oh! I did that! I worked on a job I hated for 4 years, while saving a big chunk from my earnings. That gave me 1,5 years of freedom to start up my own business and work in something I love 😃

I'm 30, so I guess I missed that boat to retire at 30 :(.... i think 50-75% savings is very difficult living in LA. I'm doing 25% and I feel proud lol.

I LOVE RUN THE NUMBERS! I get so excited when they say "I time to run the numbers" 🤣

I retired in my early 20s, then i moved out and started working

0:05 Just like to point out that life expectancy wasn't actually 58, it was 70-75. The issue was that infant mortality was so incredibly high due to all the complications that could happen at birth; as many as 1 in 4 newborns died. It's a similar case with pre-historic humans, where they supposedly had a life expectancy of 35, but the issue was 1 in 2 would die either at birth or in the first year. Take away those deaths and most would live to see their 70s. Life expectancy post infancy has increased with technology, but not that drastically, with closer to a decade added out of 7 decades rather than doubling the length of our lives. This is because the thing that kills all of us in the end is old age, which we no where near curing yet. Obviously improvements to dealing with disease and injury have still raised it, but death by those things were uncommon already so they didn't make too much of an impact. The real benefits, as previously mentioned, were with child mortality, where complications made up a huge percentage of deaths in newborns, and these (unlike ageing) have been cured or at least been made treatable in the modern day, thus raising life expectancy from birth a lot.