Comments on: Here’s How Many Years it Took to Reach F.I. Historically Based on Various Savings Rates

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Wed, 23 Aug 2017 10:21:44 +0000

In reply to Jeff @ Maximum Cents. That's right! 50% is the minimum savings rate needed to retire in 10 years or less, and in most cases it actually required a higher savings rate. Good observation :)

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Wed, 23 Aug 2017 10:20:50 +0000

In reply to Lily He-Prudhomme. You nailed it!! So much stuff in this graph :) And you're right, it's pretty incredible how soon you can achieve F.I. with a savings rate of at least 70%

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Wed, 23 Aug 2017 10:19:50 +0000

In reply to SMM. Traditional retirement advice is definitely aimed towards the masses who plan to retire around age 65, but early retirement requires a far higher savings rate. And minimalism is still an underground movement but it seems to becoming more popular every month. It will be interesting to see how widespread it becomes over the years :)

By: Jeff @ Maximum Cents

Jeff @ Maximum Cents — Tue, 22 Aug 2017 01:21:38 +0000

So based on past performance, if you reach Financial Independence in under 10 years, save at least 50% of your income. Nice!

By: Lily He-Prudhomme

Lily He-Prudhomme — Mon, 21 Aug 2017 22:07:29 +0000

I am not stats minded and I stared at it for a hot minute before I figured it out… it’s a graph about stuff!!!

Just kidding :p what I not give to go back to the 70s! Ack! We could be done in 4-8 years.

By: SMM

SMM — Mon, 21 Aug 2017 12:39:06 +0000

In a lot of the mainstream articles I read, Financial Advisers say that people should save 10% of their income for retirement. We’d have to do that for ~40 years. Apart from blogs, many don’t talk about how to supercharge savings in order to retire early. I’m wondering if that is on purpose because it may slow down the economy as people would save more, spend less, retire early, and maybe continue to spend less since they’d be so used to the minimalist lifestyle. 🙂