Investing Your Way to Financial Independence by Saving 15 Percent of Your Pre-Retirement Income

If you save 15 percent of your pay and you do that for your entire working career by age 62 you'll be able to retire and replace 80 percent of your pre-retirement income. It's a full eight years earlier than just saving 15 percent well and I want to draw attention we use if you look at the fine print we use a six percent growth rate. We're being very generous by using six percent if we to push this up to an eight percent or ten percent rate of return because when we hit a market recovery it will probably be closer to those numbers.