Where are you guys getting these numbers... The ERE guy is like a hippie freak dude and lives out of an RV, right?
Screw him and get on board with Mr. Money Mustache!
Thanks goes to calinHere is how
MMM lives retired for the last 6 years on less than $27k a year with him , his wife and 6 year old kid in their $400k house in Colorado:
My Deprived Life: Raising a Family on Under $27,000 per YearThat link has photos of his house and toys.
Here is list and comparison of their
expenses for 2012 vs 2010 and 2011.
I am now a self-proclaimed Mustachian! I will be debt free October this year and will then be able to stash about $30k for 2014 and $48k for 2015 and on... if I don't get anymore raises or other income (NOT!).
That will see me retired in 12 years from now at the age of 50. Not too bad. Even better if I get married and start living with 2 incomes in the household.