A simple grid that reveals the impact that widening the gap between saving and spending has on "years until retirement".
From the website/blog Four Pillar Freedom:(blogger is a mere 23 years young)"I think the real value of this grid is within the $40,000 – $60,000 income range. This is where most income earners are. If you earn $50,000 per year and you are spending $40,000 per year, it will take you about 36 years to reach financial independence. But if you can cut your spending to $30,000 per year you would reach financial independence in 21 years. That's a 15 year difference! For people in the middle class, cutting spending by a mere $5,000 – $10,000 each year leads to a huge decrease in the amount of time it takes to reach financial independence." link to blog spot:the-early-retirement-grid
