Also, it assumes you have the fortitude to stick to the rebalancing plan. Before jumping the the boat w/ 300x monthly, do a trial run of how you are going to manage your withdrawal plan and when you would do actually pull the trigger. I think there should be a step 7 in the plan to do a trial run of how you are going to do this because once you leave (especially mentally), it is harder to swallow hard and go back to work.

I would recommend checking the FPA journal articles from time to time since the raw data is better to look at than snipets the press passes around. A better guide to how to plan for long term distributions is another article at: http://www.fpanet.org/journal/CurrentIssue/TableofContents/ASimpleStrategyforPortfoliosTakingWithdrawals/

When you jump out of an 80 story building, its only that last story that hurts….

Two samurais talking about what one needs in life:

Sitting half mat,
Sleeping One mat,
2 1/2 bowls of rice

Their meaning was, even if you are the Shogun or a lowly peasent, its all you need.

Currently saving 70% of my wage..

I love it! Keep the extreme ideas coming. It really gets me thinking.

If you get this wrong you can get a good lawyer for a killer divorce settlement or choose another goal.

Add 5-40 years to retirement if you have lots of kids.Unless someone out there can show me how to do it with 3 kids in 5 years…I would love to hear about it?

I have $90 budget for gasoline ($40 budgeted for my husband’s cigarette habit) am learning about the grocery shopping with copon plan to have groceries bill down to $160 to $200 a month to feed a family of 5. Electric is budgetted at $150 most months it is lower than that. water is budget at $60 a month student loan is $100 will be paying that off within the next 2.5 years

car insurance for 3 vehicles is $110 will drop to $70 win I sell 3rd car, Internet is $25 a month Security system $50 a month.

When I retire it will be with money saved from income tax refund, $200 a month from my job, $400 a month from my part time job saving extra $100 a month once I pay off my student loan and then moving to my piece of land off my dad’s lake front property and putting my house on section 8 housing and living on $800 a month out in the country and my hsband starting his own business out there and me starting a camping ground site. which in summer months should bring in $18,000 if estimations are corrected and assuming savings are at least $51,000

I have followed the extreme retirement ways for about 2 years now when my first and last job layoff forced my hand. I realized I never wanted to be at the mercy of a company’s hand again (my ex-husband got laid off at the same time). I live off $700 a month I get in death benefits from SSI and I always have money left over! My family and I(2 kids) always are outdoors having fun and we even still have the internet! Granted I don’ have the big cushion like some people. But I also don’t have the stress that is attached to today’s working environment.
I work contracts on and off and I found myself trying to justify to a client that I wanted the job. The company had said, “you seem like you just don’t care if you get the job”. Granted they wanted me big time, but I smiled and walked out saying, “I haven’t wanted or needed a job in 2 years and I am not about to start”. It was liberating!!!
I found your website through searching and it feels good to know I am not the only one that thinks people could live this way! Thanks for all the information!

RV = recreational vehicle, it’s typically a motor home or a trailer.

DW = dear wife, right DW?

If you save half of what you earn in year one, you can spend the other half in year two. It holds unless there is serious inflation, etc.