If 42 is the answer, what is the question?
I hope the question isn't, "How long until I retire?"
That's much too long, and to be honest too easy of a goal.
I started working a full-time job when I was 23 years old. 42 years of work before retirement would mean I would retire at the ripe old age of 65.
My dad isn't even 65 yet.
Is it a coincidence that 42 years from the day I started working adds up to the "standard retirement" age?
Maybe. Or maybe 42 really is the answer to the Ultimate Question of Life, the Universe, and Everything.
Does the Universe really expect me to wait until I'm older than my dad is now to retire?
If you can save 20% of your income every year, you can have a secure retirement in 42 years.
But why wait for 42 years.
Maybe 42 is the answer to the question, "How much should I save to Retire Early?"
If you can save 42% of your income every year, you can Retire Early in 15 years.
Sounds like a way better plan.
Let's do it.
Save Money Retire Early is written by Jon Lo, a barely 30 something change optimist, and personal finance guy. I believe anyone can be rich or poor, it's what you save that makes the difference.