Editor’s note: This is part seven of a series focused on how to retire early and the FIRE (Financial Independence, Retire Early) movement. To see all early retirement articles, jump to the end.
The allure of early retirement lies in the prospect of gaining greater freedom over time. However, as you work toward getting there, time is not on your side. Those who join the FIRE movement aim to save and invest aggressively — upwards of 50 to 75% of their income — to achieve financial independence and retire early in their 30s, 40s or 50s. With such an ambitious target date, there’s less time to recover from mistakes along the way.
