How to Retire Early ... in Less Than 20 Years!

Early retirement isn't for everyone. We could sit here for hours in the comments section and come up with thousands of difference scenarios where "early retirement" simply doesn't make sense for an individual. But when you're caught living the type of life that is slowly wearing you down, from the inside out, the knowledge of how to retire early becomes invaluable.

One path: how to retire early
There are lots of different paths leading to this goal, and the four following steps highlight just one of many different approaches. The fact that just about anyone -- from a 20-something just out of college, to a 50-year old who hasn't saved a dime yet -- can benefit from this method should provide some measure of hope for your financial future.

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Read/Post Comments (11) | Recommend This Article (48)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 15, 2014, at 9:43 PM, Disgustedman wrote:

    Step 1-4

    Win the lottery, win the lottery, win the lottery DON'T TELL YOUR FAMILY AND DISAPPEAR.

  • Report this Comment On March 16, 2014, at 12:00 AM, duudaa wrote:

    Sell everything you have and move that money to gold.

    Move in with your kids.

    Go on welfare.

    Cash in gold when needed.

    Take SS asap.

    Baby sit your grand kids...

  • Report this Comment On March 16, 2014, at 11:12 AM, altha2008 wrote:

    At age 18 if you make min, wage you can retire good by the time you are 38 with no college degree.

    First stay single do not get married or have kids that you cannot support

    On min wage if you make $1300 a month

    you take around $600.00 A month every month and put it

    in tax lien certificates. In Florida I get 18% per y

    year.

    Every 5 years it doubles so in 20 years your savings with double 4 times.in 20 years you will get

    $9,600 per month or $115,000 per year.

    you want get a $250,000 house like on them info commercials, but you will pick up a lot here and there a few acres to rent out or sale as well

    Now you can get married if you want at 38 you will be set

  • Report this Comment On March 17, 2014, at 9:11 PM, Tiensman wrote:

    Great Article with simple easy to follow plan

  • Report this Comment On March 18, 2014, at 9:38 PM, GodLeros wrote:

    Well Done: altha2008

    300 a week for 40 years NO INVESTMENT is $600,000

  • Report this Comment On March 19, 2014, at 4:22 AM, jjiijjii wrote:

    Keeping it simple: always live below your means.

  • Report this Comment On March 19, 2014, at 4:22 AM, MotleyBuffoon wrote:

    In principle I agree - saving is good. However, this is a bit like like religions with reincarnation - restrict yourself now in dedication to an afterlife, hoping it will exist and be great.

    What if I'm run over by a bus the day before I retire?

    I'm going to enjoy more (expensive) activities with my friends and family now, while I'm still young.

    I'll be growing my own food and enjoying nature when I retire and am less active. I won't need much cash then anyway.

  • Report this Comment On March 19, 2014, at 10:14 AM, ziq wrote:

    Can't help but wonder if this is another of MF's famous April Fool's pranks.

  • Report this Comment On March 24, 2014, at 12:46 PM, DrGarnicus wrote:

    I like this because it does not make any sense.

  • Report this Comment On March 24, 2014, at 1:19 PM, vasco42 wrote:

    Was...was there an article, here? I can't seem to find one.

  • Report this Comment On March 25, 2014, at 5:53 PM, vickssmack wrote:

    1. Pay your bills early & never leave balances on credit cards.

    2. Save starting when you are young.

    3. Avoid the sales pitches that you need the latest & greatest...it is people that bring happiness not things.

    4. Buy a property as soon as you can to offset the amount you pay in tax.

    5. When you buy a better house keep the one you move out of and rent it to somebody who will pay the mortgage off for you. (When you are older the income from your paid off house will supplement your income). The average person owns 4 houses and if you kept 3, your income would be $2400 (the average income after taxes and insurance on 3 houses) from this source alone.

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