“Retire before 40? Some folks say it can be done”

Jason Fieber, of Sarasota, Fla., is 30 years old and just crossed $100,000 in his investment account after starting with $5,000 three years ago.(Photo: Chip J. Litherland for USA TODAY)

“To most people, “retiring early,” means 55. But to Jason Fieber, that’s too long to wait.

Everything Fieber does is with one goal: Retiring well before he hits the big 4-0. Fieber, a 30-year-old service adviser at a car dealership in Sarasota, Fla., even moved to the Sunshine State from his Michigan home, in large part to live in a state without income tax. The sunnier climate has a side benefit, too, in that it allows him to more comfortably use the bus to get everywhere without a car.

By keeping costs down, Fieber, who earns $50,000 a year, is saving 60% of his net income each year and has saved more than $100,000 in three years. He figures he can bank more than $400,000 by the time he’s 35. That’s plenty for him to retire on, he figures, since he only spends $15,000 a year.

“I knew nine-to-five until you’re 65 isn’t the answer,” says Fieber, who also runs a blog chronicling his plan to retire before 40. “The goal is to move from the working class to the investment class. Money can work harder than I ever could.”


But retiring early isn’t just about being frugal. The key principles that many extreme early retirees hold true include:

* Faith in nest-egg mathematics […]

* Strict spending priorities […]

* Banking on a diversified low-cost stock portfolio […]” –Matt Krantz, USA TODAY


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