Quote from rita359
Being able to support oneself is one thing. Being able to retire at 45 or 50 is a totally different thing. I believe many nurses support themselves and children on a nurses salary and have a reasonable lifestyle.
As for being able to retire early, I think that is a pipe dream for anyone. This is speaking from experience as I am 65. Who knows how many years you have to support yourself in retirement. If you live to be 95 and have to support yourself for 50 years it should be obvious that would be an impossible thing.
I currently know many people who are nearly 95 and your life expectancy will be even longer. Sounds good to retire early until you look at those possibilities.
I certainly dont believe retiring early is a pipedream
Its about smart investing, and if you have a pension retiring early becomes REALLY easy
Smart investors mostly live off dividends/interest while the principal remains.
I dont think its unrealistic to have 1-3 million dollars in a 401k/403b/ira (and or combination of)
Conservatively 5-8% a year is quite a bit of money, plus social security (assuming that Ponzi Scheme still exists down the road) could easily last 40 + years
Add in a pension and you could retire indefinitely
Ill note that my father (not in healthcare) retired in his late 40s, and is more than sufficient