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We retired with less than $1M - me at 45 and her three years later at 50. A pension to start with, and later two IRAs and two monthly SS payments, filled-out our income statement. None of those payments have been especially large, and our annual income, in 2022 dollars, is around one-third of what we were earning in the mid-90s in mid-90s dollars. The transition wasn't difficult because during our working years we were living on one-third of what we earned - the rest went one-third for taxes and one-third for savings.
We didn't have children. Along with being high-earners, that had a lot to do with our having the opportunity to retire very early and enjoy a comfortable retirement.
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2017 M240i: 23.8K, 28.9 mpg, MT, Sunroof Delete, 3,432#, EB, Leather, Driving Assistance Package, Heated Front Seats | Sold: E12 530i, E24 M635CSi, E39 520i, E30 325is, E36 M3 (2)
TC Kline Coilovers; H&R Front Bar; Wavetrac; Al Subframe Bushings; 18X9/9½ ARC-8s; 255/35-18 PS4S (4); Dinan Elite V2 & CAI; MPerf Orange BBK; Schroth Quick Fit Pro;
GTechniq Crystal Serum Ultra Ceramic; Suntek PPF
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