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Old 04-17-2008, 09:06 PM   #18 (permalink)
ASU2003
immoral minority
 
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Location: Back in Ohio
I will have no problem retiring at 50 if I continue at my current lifestyle. I have run out of stuff to buy except for necessities. If I do buy something, it will be electric car parts to build an electric truck that could last 50 years. Add in some solar panels to reduce my monthly bills some more and if I own my home outright ($110k left, 29.5 more years to pay). The only thing I will need to pay for in retirement is property taxes and some other normal stuff.

I think the keys to being able to retire is living a manageable lifestyle, being self-sufficient and debt-free. I mean right now, I save around $20k/year probably which will last 3 or 4 years of basic expenses, and I make a lot of the stuff I need. Unless the currency goes to hell, which it probably will it looks like, I will be fine. Even if the currency goes down a lot, I still should be ok.
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