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Old 05-05-2015, 03:56 PM   #41
Recycles dryer sheets
Join Date: Jan 2015
Posts: 205
If you save 60% of your income, you may be able to retire in 15 years. Another idea is to invest in real estate. Buy a duplex, live in one side, and rent out the other side. Pay it off in 15 years. This would reduce your living expenses and bring in income in 15 years. Investment properties are not for everyone though. I have one single family rental house that will cover 33-50% of my expenses in retirement. I bought the house when I was 26, but did not start saving for retirement until I was about 30 or 31, and I now have $235,000 saved up, though I have not been maxing out my 457 every year. I also have student loans that are slowing me down, originally almost $24,000.
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