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This Couple Saved 1 Million At 31

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https://www.marketwatch.com/story/this-couple-retired-at-31-with-1-million-heres-exactly-how-much-they-earned-spent-and-saved-to-do-it-2019-07-10?siteid=yhoof2&yptr=yahoo

Excerpt You won’t find Kristy Shen, 36, trapped in a cubicle anymore. 

In fact, these days, the former Toronto-based computer engineer — who once was so stressed by her job she’d throw up regularly — can be found traipsing the world with her husband, Bryce Leung, 37. They’re now “fully nomadic” with no home base, having hit up Thailand, where they got beachside massages; Greece, where they island hopped and dined on fresh fish drizzled in olive oil; and Amsterdam, where they glided along the cobblestone streets on bikes.

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3 hours ago, tony said:

https://www.marketwatch.com/story/this-couple-retired-at-31-with-1-million-heres-exactly-how-much-they-earned-spent-and-saved-to-do-it-2019-07-10?siteid=yhoof2&yptr=yahoo

Excerpt You won’t find Kristy Shen, 36, trapped in a cubicle anymore. 

In fact, these days, the former Toronto-based computer engineer — who once was so stressed by her job she’d throw up regularly — can be found traipsing the world with her husband, Bryce Leung, 37. They’re now “fully nomadic” with no home base, having hit up Thailand, where they got beachside massages; Greece, where they island hopped and dined on fresh fish drizzled in olive oil; and Amsterdam, where they glided along the cobblestone streets on bikes.

I listen to podcasts of people stories of who retired young. This is the second time I heard of somebody throwing up they were so stressed out. No wonder these folks want to retire.

Throwing up over work environment stress was never my experience. I was just very tired after a teaching day. 

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In a society driven by profits  it is very difficult these days to find a workplace that offers a work'-life balance. My job never caused me to throw up but I became plenty aggravated at times mostly toward the end of my career. Seems like since the last recession things started to really change for the worst in Education. I can only imagine from listening to my son and brother just how difficult it must be  now to work in the  private-profit sector .

On second thought though,  I realize  now that our  original 403b vendor list as I found it in my school district  upon initial  employment should have put me in a deep coma. Instead I did the zombie walk straight into the arms of an annuity shark. I am so much younger than that now!!

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20 hours ago, tony said:

https://www.marketwatch.com/story/this-couple-retired-at-31-with-1-million-heres-exactly-how-much-they-earned-spent-and-saved-to-do-it-2019-07-10?siteid=yhoof2&yptr=yahoo

Excerpt You won’t find Kristy Shen, 36, trapped in a cubicle anymore. 

In fact, these days, the former Toronto-based computer engineer — who once was so stressed by her job she’d throw up regularly — can be found traipsing the world with her husband, Bryce Leung, 37. They’re now “fully nomadic” with no home base, having hit up Thailand, where they got beachside massages; Greece, where they island hopped and dined on fresh fish drizzled in olive oil; and Amsterdam, where they glided along the cobblestone streets on bikes.

 

I very much respect people that live frugally, save a lot, and invest wisely, but this couple is cutting it way closer than I ever would ever dream of.  The numbers say they will live the rest of their life on a little over 30 K annually, adjusted for inflation.  What if they have a child or get a pet someday?  I can't imagine living with no vehicle other than bikes and bus passes for the rest of my life.  What about illness or injury?  I didn't see anything about health care in their budget.

With stories like this I always suspect that there is more to the story, like maybe an inheritance, windfall, or some income producing gig they aren't telling us about.

 

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I totally understand the throwing up and collapsing aspect of the story. Put me under a bunch of pressure and conflict in an environment where neither fight or flight are legitimate options and my body wouldn’t be able to handle it.

I agree with MNGopher, living on 17k/year per person is risky. Perhaps if they’re living in inexpensive places abroad then it is more reasonable?

I also wouldn’t feel comfortable with the 3.5% withdrawal rate for a 50-70 year retirement. The Early Retirement Now “study” found that a 75% stock portfolio has a 7% chance of losing value over that period and a 3% chance of reaching $0. I feel much safer at a 3% withdrawal rate.

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5 hours ago, MNGopher said:

The numbers say they will live the rest of their life on a little over 30 K annually, adjusted for inflation.  What if they have a child or get a pet someday?  I can't imagine living with no vehicle other than bikes and bus passes for the rest of my life. 

It is hard to imagine but trust me people do it all the time and many don't have a reserve . If you are smart with your money it can be done. I've known a few people from my past who would/could support a family of  on that income. My dad was one of them. Even paid for colleges.

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