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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm in my early 50s and in a job I like overall, but it's a very draining role, the commute isn't great, I'm getting bored with the work and the options for moving up the chain and seeing more significant raises are limited. I could stick it out for another five years, ideally more like 8-10, but it's getting to be a lot. Over the past year, a few of my older colleagues resigned before hitting 60. One retired early out of nowhere and management didn't throw him a retirement party, so I didn't have a chance to ask him what's next. Another left early after being with the org for about 15 years and was vested in the pension but still left earlier than most in the plan.

So, for those who've done it, how do you get to the point of making it happen? Did you assess your finances and accept a lower-paying or part time job for peace of mind and being ok with giving up the good salary? Or did you methodically plan for retiring early and sock away a lot of money since your first job? [/quote]

Lived within our means (mostly). Incurred only "good debt" (mortgage; and didn't buy in the range we were approved for). Saved like crazy, invested, aggressively funded 529. We still had a lot of luxury (mostly vacations) but did not do fancy cars, fancy clothes (basic stuff no Prada, Gucci, Chanel, etc.), don't buy a lot of jewelry. Those just aren't important to us.

We also had some luck, honestly, buying our home in 2002 before prices skyrocketed. Also our starter home became our forever home and we remodeled. So we paid it off in about 20 years.

Having said that, I have money insecurities having grown up poor. So I'm still working, it's just for myself whenever I want. I'm 53.[/quote]

How did you buy a house in DMV at 29??[/quote]

I bought a house at the same time when I was 28.

The house was $300,000. I saved 60,000 to put down on the house because I didn’t go to fancy dinners or Europe.

I cooked at home and packed my lunch.

My house is now worth 750,000.

I live in Darnestown, Maryland. I’ve never commuted more than 30 minutes to work.

You probably would never want to live here. But I’m retired @ 57.[/quote]

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