target. In my story this was one of my regret of not doing it as early as possible. Otherwise, I would be free even earlier.
The first question here is how much do I require? What is the amount? Again, you decide.
How? Say that you are no longer working:
1. What is be the monthly expenses that you must have to support your expenses?
2. Estimate how long would you live? Q?: How would I know this? Just take your gender
lifetime average. E.g., 72 years for male and add about 5 more years if you are female.
Adding those amount above will generally provide some rough idea on how much you need.
Say you are a female and intend to retire at the age of 50. After retirement, you need about 4,000 as monthly expenses. Therefore, upon retirement you will need roughly about 1.3 million (non adjusted basis) in your saving to cater to your daily needs. What? That is more than a MILLION!
If you will spend an extra hour each day of study in your chosen field, you will be a national expert in that field in five years or less. -- Earl Nightingale
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