This couple is one year away from having enough money to retire early — here’s what they did

Jose and Tatiana are well on their way to retiring early.

The couple reached financial independence in 2017, and have 30 times the $40,000 they intend to spend each year in retirement. They work at an investment firm and save 70% of their incomes, and in recent years have cut their spending from $110,000 a year to $44,000 a year.

Paring down expenses was certainly one way to reach early retirement, but it wasn’t the only one — and it isn’t a path all individuals aspiring to retire early can try anyway. The couple knew how much they wanted to save, as well as how much they want to withdraw each year for retirement (about 4% a year) and calculated how they could make it happen.

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