When the weather is so nice and there is so much to do outside, we can’t help but thinking about early retirement. Is it possible to retire early?
Well, to answer that question, we must first find out how much income we will need at retirement to live comfortably. This is a very personal calculation. I usually like to use the net income earned today minus the expenses that you won’t have at retirement such as the mortgage and savings for retirement plus the additional expenses such as extra travel maybe. Here is a retirement budget helper from the million dollar journey. Try it and let me know what you think!