They retired at the bank for $1 million and 40, but experts like Sues Orman say they need $10 million. Their monthly expenses are currently only $1,241

Most financial experts say they need millions to retire comfortably. I like some Sues Ormanthe numbers came to mind It’s up to $10 million. However, one Indiana couple has proven that early retirement is possible with much less.

One couple on top R/Follow Subreddit shared how he retired at 39 with assets over $1 million. They currently live on about $1,241 a month or about $15,000 a year. Fire represents financial independence and retires early. Leanfire is that version Focusing on extreme frugality Minimalism for early retirement with a modest nest egg.

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“We live the evidence that Leanfire actually works,” he writes. “We’ve been traveling for free for six months and haven’t been stressed about money.”

The couple lives just outside of Indianapolis. This is the low cost of the living area you purposefully choose. Their costs are partially low as they have made some major financial decisions: The house will be fully repaidthey drive Toyotas over 200,000 miles and have zero debt.

Despite the tight budget, they are not at home all year round. They spend four to six months abroad a year in a country like Thailand. There, I rent a furnished apartment for $400 a month and eat street food cheaper than food at home.

“Thai street food smashes food at home at cost,” he said.

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Health insurance costs? Zero too. My husband is Medicaid qualifying because Indiana does not test assets and intentionally keeps not only income but also adjusted adjusted gross income. His wife, who is not yet a US citizen, uses a plan that has been submitted to affordable care practices.

“Medicaid in 41 states is based on Magi. No asset tests. It’s literally the way our overlord designed it,” he explained.

The monthly expenses for a couple are broken down like this:

• $500 for food and household goods

• Property tax: $275

• Electricity is $120

• $97 for home insurance

• The rest will be small costs such as gas, gym membership, internet etc.

They avoid spending by not caring about lifestyle inflation. “Don’t worry about what your neighbors are thinking,” he said. “Things” are the enemy of fire. ”