It's about halfway through, but the whole thing is worth reading: http://www.forbes.com/sites/randalllane ... -decision/
Warren Buffett planned his own ERE
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If you take the 1955 and CPI scale them ...
His 127k networth would be 1M today.
The 12k annual living would be 80k today.
The 175 rent would be 1450 today.
So these are typical non-ERE retirement numbers. He just had that money at 25 though(*). What's interesting is that "doing what you want" after you have enough money to support yourself forever was a driving point AND he has not later scaled up his expenses to match the increased income.
(*) My understanding of ERE is that it has more to do with the extreme part than the early part. Everybody can do extreme (if they want) but not everybody makes the same amount of money.
His 127k networth would be 1M today.
The 12k annual living would be 80k today.
The 175 rent would be 1450 today.
So these are typical non-ERE retirement numbers. He just had that money at 25 though(*). What's interesting is that "doing what you want" after you have enough money to support yourself forever was a driving point AND he has not later scaled up his expenses to match the increased income.
(*) My understanding of ERE is that it has more to do with the extreme part than the early part. Everybody can do extreme (if they want) but not everybody makes the same amount of money.
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Buffett is the very definition of early and extreme. He began investing before he began highschool. And he grew up a few hundred miles from the heart of the dust bowl. Until he was 10 years old he lived in an economic depression none of us can fathom. Yes, he was a congressman's son. But he also worked extremely hard in his teens, and has been extremely frugal his entire life. He fully understood the value of maximum savings rate during the early years, and growing up in the great depression, I'm guessing his sacrifices to frugality would match most or all of ours. He just did it while he was 12-25 instead of 22-35.