- by C.C.
12 People Who Retired Young (and How They Did It)
Amy and Tim Rutherford
To retire early, Amy and Tim Rutherford changed their big-spending ways. “We used to be high spenders and cut $6,500 a month out of our budget,” Amy said. One of the biggest expenses they slashed was housing, by downsizing from a 6,000-square-foot home to a less-than-2,000-square-foot townhouse. See why downsizing can make sense from a financial standpoint.
The couple also saved all of Amy’s income and a portion of Tim’s, which helped them build a big enough nest egg to retire early.
Amy retired from a sales position at 46, and Tim left his job selling telecommunications equipment at age 48. Now, they spend a lot of their time traveling and sharing frugal travel tips on their blog, GoWithLess.
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