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Where to Live

Retire Early by Living Abroad

Knowing how much money you will need to retire (the magic number) depends on how much money you plan to spend. It goes without saying that a couple who can live on $30,000 per year will have a much lower magic number than one living on $60,000. When I started closely tracking how much money we spent, I knew it would take a big chunk of change to amass enough savings to retire early. Our only options were to reduce our expenses or keep working.

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