Re: What do we expect?
The trick to retiring early is:
1)Be fairly sensible with credit. Mortgage and (if it's the only way to get reliability) car loans should be all. Never use credit just because you want something now, especially if it's replacing something just for the sake of it.
2)Start paying into a pension as soon as possible. I started my first private pension in my first lunch hour. I always treated paying into my pension as a core bill. It was on an annual 10% increase for many years and was always a bigger monthly cost than my mortgage.
3)Don't start a family. Yeah this one is probably the biggie ;)
I paid off my mortgage at age 45 (ten years ago). I could've retired at 50 but decided to go a bit further. I might hang on for another four years but no further than that. I will be not working past 60 and am going part time next year.
Biting the hand that feeds IT
