There are two common ways to retire a full decade before Mr. and Mrs. Jones.
The first isn’t rocket science. Avoid consumer debt and invest early. If you invested $375 per month from age 20 to 55, you would have more than a million dollars if you averaged 9 percent.
But few have the foresight (or the resources) to invest from such a young age. Most people start later. Life can also jam a pump in their spokes. A job loss, divorce, or higher than expected educational costs can send them to the pavement.
It is possible, however, to retire with a lot less than you might think.
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