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Fed up with their high-pressure jobs, some millennials are quitting and embracing the FIRE movement. (It stands for financial independence, retire early).

Carl Jensen experienced what he calls “the awakening” sometime around 2012.

He was a software engineer in a suburb of Denver, writing code for a medical device. The job was high-pressure: He had to document every step for the Food and Drug Administration, and a coding error could lead to harm or death for patients.

Mr. Jensen was making about $110,000 a year and had benefits, but the stress hardly seemed worth it. He couldn’t unwind with his family after work; he spent days huddled over the toilet. He lost 10 pounds.

After one especially brutal workday, Mr. Jensen Googled “How do I retire early?” and his eyes were opened. He talked to his wife and came up with a plan: They saved a sizable portion of their income over the next five years and drastically reduced expenses, until their net worth was around $1.2 million.

On Tuesday, March 10, 2017, Mr. Jensen called his boss and gave notice after 15 years at the company. He wasn’t quitting, exactly. He had retired. He was 43.

Hacking Your Way to Retirement

Although Mr. Jensen’s story may seem exceptional, a more modest version of the stockbroker who makes a killing on Wall Street and sails off to the Caribbean, he is part of a growing movement of young professionals who are intently focused on quitting their jobs forever.

Millennials especially have embraced this so-called FIRE movement — the acronym stands for financial independence, retire early — seeing it as a way out of soul-sucking, time-stealing work and an economy fueled by consumerism.

Followers of FIRE tend to be male and work in the tech industry, left-brained engineer-types who geek out on calculating compound interest over 40 years, or the return on investment (R.O.I.) on low-fee index funds versus real estate rentals.

Indeed, much of the conversation around FIRE, on Reddit message boards or blogs like Mr. Money Mustache, revolves around hacking one’s finances: strategies for increasing your savings rate to the hallowed 70 percent, tips for cheap travel through airline rewards cards, ways to save nickels and dimes at the grocery store.

Some practice “lean FIRE” (extreme frugality), others “fat FIRE” (maintaining a more typical standard of living while saving and investing), and still others “barista FIRE” (working part-time at Starbucks after retiring, for the company’s health insurance). To be “firing” is to slash one’s expenses to maximize saving while amassing income-generating investments sufficient to support oneself. To have “fired” is to have achieved that goal.

“A lot of people think you’re a new-age hippie,” said Mr. Jensen, who sold his four-bedroom, four-bathroom house, downsized to a more modest home and maxed-out retirement accounts while firing. “They can’t even wrap their minds around it.”

In retirement, Mr. Jensen and his wife and two daughters plan to live on roughly $40,000 a year generated from investments. Because his wife currently works, they have yet to draw on those accounts. But already, it’s a life rich on time but short on luxuries: Groceries are bought at Costco, car and home repairs are done by him.

“People always assume there’s an external circumstance: ‘Oh, you must have received an inheritance,’” Mr. Jensen said. “We’ve just chosen to live far below our means. That itself is a radical idea.”

Equally radical is opting out of the work force in your 30s or early 40s, a time of life when men and women are normally leaning into their careers, or, less happily, enduring the daily grind to pay the bills until Social Security kicks in.

Jason Long, a pharmacist in rural Tennessee who retired last year at the ripe old age of 38, said his father had a hard time understanding why Mr. Long couldn’t continue to work and collect his $150,000 salary.

But Mr. Long said he was deeply unhappy in his job, where over his career he witnessed drug costs skyrocketing, sick people battling with health insurers and the over-prescription of opioids and the resulting addiction crisis. His customers, angry, confused, financially stretched, often lashed out at the person behind the counter.

“There were days when I had 12- or 14-hour shifts where I didn’t use the restroom, where I didn’t eat, because so much work was piled up on me,” Mr. Long said.

Like Mr. Jensen, he had been saving a sizable portion of his income over the past decade, and he and his wife had a paid-for house and an investment portfolio worth a little more than $1 million. Why stick around?

“The reality is the numbers are there for me,” Mr. Long said. “To go to a job that’s making you miserable every day, it doesn’t make sense to pad the bank account at that point.”

Why These Millennials Hate Work
Quitting the rat race isn’t a new concept. From the Shakers of the 1700s to the back-to-the-land hippies of the 1960s and ’70s, a strain of Americans has always embraced simple living. One of the bibles of the FIRE movement, “Your Money or Your Life,” which teaches readers to reduce their spending and value time (or “life energy”) over material gain, was published in 1992.

But Vicki Robin, who wrote that financial guide with Joe Dominguez, said the FIRE crowd is a different breed of dropout than those in the ’90s. “Our aim was not just to have a whole bunch of people quit their jobs,” Ms. Robin said. “Our aim was to lower consumption to save the planet. We attracted longtime simple-living people, religious people, environmentalists.”

The FIRE adherents are, by contrast, “very numbers oriented, fascinated by the minutiae of taxes and accounting,” Ms. Robin said.

They are also benefiting from an lengthy bull run in the stock market and, in some cases, the privilege of class, race, gender and background. It’s difficult to retire at 40 if you work a minimum-wage job, say, or have crushing student-loan debt, or did not have the same opportunities as others because you grew up poor in a crime-ridden neighborhood.

But if, as Ms. Robin said, FIRE adherents “don’t have the aspirational part” of earlier generations, why are they so determined to quit the work force? Many millennials haven’t been working longer than a decade, if that.

It’s about having agency, Ms. Robin said: “The worker in this economy has very little sense of control over their existence. People are expendable. You’re a young person and you look ahead and you say, ‘What’s there for me?’”

That accurately describes how Kristy Shen and Bryce Leung felt. The married couple from Toronto became minor celebrities (and the target of online haters) when they retired from their tech jobs in 2015 to travel the world full time. They were in their early 30s at the time.

Ms. Shen’s wake-up moment came when she watched a fellow I.T. colleague collapse at his desk after clocking 14-hour days and get hauled away in an ambulance. For several years before that, she and Mr. Leung, following the path laid out by their parents, had tried to buy a house in Toronto’s ever-escalating real estate market.

But, Ms. Shen said, “It didn’t matter how much you saved, it was a goal post that kept moving. And I was seeing people stressed out paying their mortgages.”

Though they had good educations and well-paying jobs in the booming tech sector, Ms. Shen and Mr. Leung faced the looming threats of outsourcing and artificial intelligence, and had no hope of a retirement pension, or even that their employers would exist in five years.

At the same time, their jobs were all-consuming, their work hours basically 24-7. Rather than chain themselves to a costly mortgage, and therefore to high-pressure jobs, the couple decided to pour their money into an investment portfolio and peace out.

“The rule books our parents have given us is advice that’s perfect for 1970,” Ms. Shen said. “We have to throw out that rule book and write a new one.”

Mr. Leung spoke of the challenges his generation faces more bluntly. “We don’t have jobs that will take care of us,” he said. “We have to take care of ourselves.”

Go Where It’s Cheap

By ditching a big city, Ms. Shen and Mr. Leung exemplify another underlying reason for the popularity of FIRE: the high price of urban life, especially in places like New York and Southern California. There’s the insane housing prices, the high cost of child care, the temptations of so-called lifestyle creep.

“We were spending nearly $3,000 a month on rent, and that was considered a good deal,” said Scott Rieckens, 35, who, along with his wife, Taylor, 33, and their infant daughter until recently lived in Coronado, Calif., a pricey beach town across the bay from San Diego. “We made something like $160,000 between the two of us, but we didn’t have a whole lot left over.”

After hearing a podcast interview with Mr. Money Mustache, a.k.a., Pete Adeney, who The New Yorker called “the Frugal Guru” (he retired at 30), Mr. Rieckens became fired up. He told his wife they should ditch their leased BMW and quit eating out several nights a week.

But even with those lifestyle cuts, the couple couldn’t increase their savings rate substantially unless they relocated to a cheaper community, a deleveraging tactic the FIRE crowd calls “arbitrage.”

The idea, Mr. Adeney said, is “to reap the high salary” of a place like Silicon Valley, “then take that nest egg out to any of the thousands of nice, affordable cities and towns we have in this country and begin a second stage of life on your own terms.”

Ms. Rieckens, who works in recruiting, was initially reluctant to give up her BMW and beachy life and the prestige that went with it, until she saw a retirement calculator that showed they could retire in 10 years if they adopted FIRE and moved, or when they are 90 if they continued their upscale lifestyle in Coronado.

“I never paid attention to the finances, I thought it will all work out,” Ms. Rieckens said. “After I had a baby, I had stress around how I could spend more time with her. I was almost a slave to my job because of the way we were living.”

Last year, the couple left Southern California in search of a community that would give them more financial freedom, a journey Mr. Rieckens, formerly a creative director for a creative agency, is chronicling in a documentary, “Playing With FIRE.”

They ended up in Bend, Ore., where there’s no state sales tax and they could afford to buy a house. Gas for their used Honda CRV with 186,000 miles (they got rid of the BMW and downsized to one vehicle) is a dollar-per-gallon cheaper than in San Diego, although Mr. Rieckens often rides his bike around town.

“The whole retire early thing is unimportant to me. It’s more about gaining control of your time,” Mr. Rieckens said. “If you dive into the definition of retirement, what you’re retiring from is mandatory labor. It’s not necessarily about piña coladas on the beach.”

When You Retire Before Your Parents
A retirement that starts well before you go gray and lasts 40, 50 even 60 years is an anomaly in modern life. How do you fill all those days, months, decades?

On a recent weekday afternoon, Mr. Jensen was taking his two daughters, ages 8 and 11, to the Boulder County Fair. “I told them, ‘O.K., we’re going to wait until Thursday for half-price day,’” he said. “And by the way, we’re walking there. It’s two miles from our house.”

Fearing boredom, Mr. Jensen at first took on way too much, and he found it strange to be at the local rec center exercising alongside senior citizens, or shopping at empty big-box stores on a Tuesday. He also beat his own mother to retirement, which made for awkward family get-togethers.

But one year in, he has settled into his life of leisure, enjoying time spent raising his daughters, making sure they never see him vegging in front of the TV. Mr. Jensen also practices an activity that for many FIRE achievers seems to be the new golf: writing a financial advice blog.

Other FIRE retirees turned bloggers include Early Retirement Dude; the husband and wife behind Our Next Life; the Frugalwoods, a young married couple with children, who wrote a book about their transformation from suburban Boston high earners to retired Vermont homesteaders; and Ms. Shen and Mr. Leung, who when not traveling the world are calling for a Millennial Revolution (“Stop working, start living”).

It’s hardly surprising that a tech-savvy generation would proselytize on the internet. Also, blogging can provide the holy grail of early retirement, an additional income stream.

Perhaps Mr. Long, the pharmacist in rural Tennessee, has given the most detailed, thoughtful account of someone who has fired. In a series of posts to Reddit’s financial independence message board, Mr. Long chronicled with dry wit and self-effacement his first year in retirement.

One month into FIRE, he wrote of the guilt he felt spending money (on video games), and his concern that he would be over his household budget. He spent his days with family, at the gym, doing housework, exercising. He had no regrets so far: “I made the right decision. This is life.”

In the second month, Mr. Long reported a 2.8 percent increase to his portfolio over the first two months, even after living expenses, and listed his accomplishments as more reading, more cooking, volunteering and “faster Rubik’s cube solves.” Stress levels were way down, he wrote: “A friend of mine said the sense of dread from my face was gone.”

In the months that followed, he rewatched the mini-series “Roots,” lost all interest in talk of FIRE now that he had achieved it, feared a looming stock market crash, had nightmares that “I’m back at work and arguing with morons,” finished a marathon in a personal best sub-three hours, felt moments of social isolation, took a two-week road trip across the heartland, and went twice to the beach in Florida with his wife and watched their net reach its highest point, despite not working, which he attributed to “the passage of the tax cut for wealthy job creators like myself.”

Oh, and he started a blog.

“My life is so much better than it was before,” Mr. Long wrote seven months in. “I hope everyone here finds this peace.”

Speaking by phone, Mr. Long acknowledged it was possible that he’d simply burned out, that all of this FIRE stuff was just a needed break until he found a more satisfying career. When he was recently offered a job back in the pharmaceutical field, it induced a mild panic attack.

That morning, he’d woken up on his own, “not when an alarm clock told me that I had a responsibility.” He’d read the news online for 30 minutes, went on a seven-mile run, took a nap and “watched the ceiling fan spin around for a little bit.”

He had been watching the movies from They Shoot Pictures, Don’t They? a website that ranks what it calls the 1,000 greatest films. He’d watched 600 or so. He had work to do.

https://www.nytimes.com/2018/09/01/style/fire-financial-independence-retire-early.html

Free time is true wealth.

I wonder if there is a similar movement revolving around bitcoin and crypto? I know there are many buying lamborghinis living beyond their expected means for their age group, due to being early adopters of crypto.

Perhaps in the future we'll see a crossover of sorts where FIRE adherants and crypto join forces. lol

Followers of FIRE tend to be male and work in the tech industry, left-brained engineer-types who geek out on calculating compound interest over 40 years, or the return on investment (R.O.I.) on low-fee index funds versus real estate rentals.

....

This is a long piece on financial freedom, retiring early, advice on how to save money and the so-called "FIRE" movement(Financial Independence Retirement Early) which I've never heard of before today.

I wonder if there is a similar movement revolving around bitcoin and crypto? I know there are many buying lamborghinis living beyond their expected means for their age group, due to being early adopters of crypto.

Perhaps in the future we'll see a crossover of sorts where FIRE adherants and crypto join forces. lol

How many regular people  can save up 1.2 million dollars or more in just ten years, most people don't even get that kind of money from work in a whole work life.
Good for him that he had a good job with a nice salary, and he know how to save up, but for most people this is just not possible.

For every $10,000 income ...
Yearly Spending: $5000
Yearly Savings: $5000
Interest: 5%
<snip>

This looks nice and all, but you ignored inflation, which is a very important factor here. Assuming inflation at 2.5%, your interest effectively goes down from 5% to 2.5%, resulting in this:
With median income for US of ~$45k (quick google search), that gives $10,087 annual interest, so less than half of what you need to maintain the same, frugal (dis)comfort of life, unless you manage to get better yield for your savings.

Its ridiculous when you say about the lambo things, the point is not for being more consumptive to save the planets, not the contrary. The millennial should concern about long time-simple living, being more spiritual, understand about their self and be more environmentalist, not those who party everyday and spend those money to buy shit product.

you are right, no matter how much money we have if our lifestyle is too luxurious I think it will never be enough.
simple life is good, because I think money is not a guarantee of a happy life, there are things that are more valuable than money.

I don't know about that.  I've known quite a few people who live in shelters and who have no job, and the lives they lead couldn't be considered "wealthy", and I'm not just talking about them not having money.

Living a life of ease is something we all want when we're working 40 hours or more a week, but many people end up doing nothing with their lives when they do have free time.  Having a job has quite a few benefits aside from the paycheck, especially if you like what you're doing.  I have no plans to retire right now, as I like working.  It gives me purpose and a sense that I'm doing something worthwhile.

...
I purposely ignored inflation because it would add complication. On the other hand, a 5% return is on the low side. If you get 7.5% return with 2.5% inflation, you would be back on track.

I highly doubt that this can be done in the current era.

... so that in the next 10 years they can have billion in their account. I am sure that would be the money which they will need for their next 60-70 years if they wanna get retired by 30's.  ;)

Mr. Jensen was making about $110,000 a year and had benefits, but the stress hardly seemed worth it. He couldn’t unwind with his family after work; he spent days huddled over the toilet. He lost 10 pounds.

After one especially brutal workday, Mr. Jensen Googled “How do I retire early?” and his eyes were opened. He talked to his wife and came up with a plan: They saved a sizable portion of their income over the next five years and drastically reduced expenses, until their net worth was around $1.2 million.

I don't know about that.  I've known quite a few people who live in shelters and who have no job, and the lives they lead couldn't be considered "wealthy", and I'm not just talking about them not having money.

Living a life of ease is something we all want when we're working 40 hours or more a week, but many people end up doing nothing with their lives when they do have free time.  Having a job has quite a few benefits aside from the paycheck, especially if you like what you're doing.  I have no plans to retire right now, as I like working.  It gives me purpose and a sense that I'm doing something worthwhile.

I do like the extreme saving aspect of this.  Blowing your money on stuff you don't need is a recipe for disaster.  Feeling like you have to work just to pay for all the extras is not a path to happiness.

How is it possible they saved five years income to get net worth $1.2 million?
even if they didn't spend a dime, the total would be only $550,000 which means they started with net worth ~$650,000 :o
this condition is hard to attain for regular people who are still struggling to save some money for retirement

I think anyone having over $100,000 yearly salary is considered mid-high class worker
and anyone having over $1 million saving/investment is already financially more than sufficient
if invested properly, it would easily generate enough to guarantee decent non-luxurious lifestyle

...
Blowing your money on stuff you don't need is a recipe for disaster. 
...

...
People are bombarded with ads constantly and in
consequence develop the feeling that they really need that car or that vacation.
Some are even so stupid to buy depreciating assets like a car or a
new TV by going into debt.

Reducing your exposure to ads is the first step if you really
want to live a more balanced lifestyle without having to worry about
your finances constantly.

bitcoin can certainly help people after retirement, but only if they are good in trading analysis, and since bitcoin is highly volatile, it is too risky to rely on bitcoin trading alone, you wouldn't want your retirement money goes to waste when you loose it in trading, retirement is not really the key to have money in your bank, that is only the result of your long term work, some people retire with nothing, especially now, money is undervalued because of the expenses, so if you are planning to retire, make sure it is worth your expenses, then half of it should go to investments, maybe diversify it to crypto and the tangible investments such as family business or property investments. you dont want to retire and plans to rent all your remaining life. be wise before you retire. 

This looks nice and all, but you ignored inflation, which is a very important factor here. Assuming inflation at 2.5%, your interest effectively goes down from 5% to 2.5%, resulting in this:

Year   Spending      Interest     Total Savings
1    $5,000.00     $0.00     $5,000.00
2    $5,000.00     $125.00     $10,125.00
3    $5,000.00     $253.13     $15,378.13
4    $5,000.00     $384.45     $20,762.58
5    $5,000.00     $519.06     $26,281.64
6    $5,000.00     $657.04     $31,938.68
7    $5,000.00     $798.47     $37,737.15
8    $5,000.00     $943.43     $43,680.58
9    $5,000.00     $1,092.01     $49,772.59
10   $5,000.00     $1,244.31     $56,016.91
11   $5,000.00     $1,400.42     $62,417.33
12   $5,000.00     $1,560.43     $68,977.76
13   $5,000.00     $1,724.44     $75,702.21
14   $5,000.00     $1,892.56     $82,594.76
15   $5,000.00     $2,064.87     $89,659.63
16   $5,000.00     $2,241.49     $96,901.12

With median income for US of ~$45k (quick google search), that gives $10,087 annual interest, so less than half of what you need to maintain the same, frugal (dis)comfort of life, unless you manage to get better yield for your savings.

I wonder if there is a similar movement revolving around bitcoin and crypto? I know there are many buying lamborghinis living beyond their expected means for their age group, due to being early adopters of crypto.

Perhaps in the future we'll see a crossover of sorts where FIRE adherants and crypto join forces. lol

Well if i have that amount in my bank i will move out from my job and plab wisely. Invest to business and of course invest in crypto. Atleast i know it is now my time no boss, no pressure.
.

...

A lot of people are beating inflation by relocating to third world countries where the Bank interest rates are higher than the first world countries. A uncle of mine worked in a first world country for 30 years in the Post Office and on his retirement income, he would barely survived.

His solution was to relocate to a third world country, where he got more interest on his savings and also a favourable currency conversion for the money that are coming from his first world retirement fund. He is currently living like a King in a third world country, with his Post Office pension fund income.  ;D <He is also getting 8% interest on his savings>

That's definitely something to consider ;) Sounds like a solid plan 'B' if everything else fails.

As always there are some downsides and obstacles: you'd need visa/residency permit etc, there's language barrier, and the higher interest rates almost always come in pair with high inflation and general instability.

Not a bad idea if you have became millionaire in your thirties then i think you can leave job in order to make realize your employer that pressure can’t work more..

I would like the idea of retiring below 50 in which I am currently on my 40's and I would loved to know more about FIRE  movement by most of the young people retiring in their 30's and acquire such money in their banks having financial freedom. That is why I am participating in the cryptocurrency  just to observe  and learn how it works such that this could be the answer to become a financially free from being employed in a company where I could hardly grow with respect to promotion and free from financial shortcomings.

Now, if youre so determined to retire early so you could enjoy life on the latter part after you have wasted your time from your job, then better start saving. But, you need to put in mind as well, once youre retired, the potential of heavy expenditures is pretty high, it could drain your funds gradually, while retirement pension is still  years ahead.

I think we're entering into an age of "lifestyle optimization." People, in a general sense, are starting to focus more on happiness rather than pure profit. The internet and smart investing made this type of lifestyle possible in the first place, and will only evolve from here as the aspects of life that make people happy become less physical in nature. Free time is true wealth.

Wow. It sounds so great but $1 million is a lot of money and majority will never make such money even if they save for 20 years. Moreover, It is possible to get tired of not working too or let me speak for myself, I enjoy working and would love to balance work and recreation than quit working entirely.

Wow. It sounds so great but $1 million is a lot of money and majority will never make such money even if they save for 20 years. Moreover, It is possible to get tired of not working too or let me speak for myself, I enjoy working and would love to balance work and recreation than quit working entirely.

Apparently I am doing FIRE, well doing it a wee bit early though :D.
I have stopped working around 2017 January or so, ever since than I have not worked for anyone ever again and I have been supplementing my income with some freelance work but aside from that I have saved some money aside and trying to not touch that as much as possible.

I already own my home and I only need the small amounts for the grocery store costs and that is about it. Firing does sound great because you do not work for other people and have less stress and always doing whatever you want but know that you will have to live a lot more modest life than sometimes you are comfortable with, there are times I do yearn for more money.

there are lot of people who are millionaire now are not from the wealthy family but they earned lot of money in very short term just by the investing that is the only way to make more money and pay less taxes.

His solution was to relocate to a third world country...

But third world country has many problems, from politics to food and health

No one will like to migrate to a third world country because the quality of life in those countires are very bad so better to have the required money to spend the life i your nation is the real thing have to do,but you can start business in the third world countries which can give you much profits than the better developed nation but not all business will be profitable only the business like import and export.

A lot of people are beating inflation by relocating to third world countries where the Bank interest rates are higher than the first world countries. A uncle of mine worked in a first world country for 30 years in the Post Office and on his retirement income, he would barely survived.

His solution was to relocate to a third world country, where he got more interest on his savings and also a favourable currency conversion for the money that are coming from his first world retirement fund. He is currently living like a King in a third world country, with his Post Office pension fund income.  ;D <He is also getting 8% interest on his savings>

It is not about moving to third world countries like Afghanistan or Somali (though I don't know if the latter could count even as third world countries), or something less evil like Venezuela. There are quite a few countries in Central and Eastern Europe with pretty high living standards, low criminal rates, and friendly people, where the cost of living is lower than in countries like Switzerland, US or Japan.

I know a few fellow members from US who are now living in Thailand. Personally, I wouldn't move to live there, but that's their choice and their life.

This needs to consider the fact that people who save also have enough money to go a month without spending all of their money.

In the world, there are people who do not have enough money to even live, pay bills and even eat properly. When you tell people to put money aside and retire early you are forgetting one key element that there are billions of people like me who spend very carefully and still have nothing left to show after certain days. If you are making enough and can save money that is amazing news!

Because you are one of the rich people in the world, people think the "rich" consists only of the wall street CEO types but no, if you are making 400k a year that makes you %1 richest person alive.

Retiring early is a myth and stupidity.Somebody so successful in early life will try to achieve new goals and hieght. They are not going to sit idle after achieving current goals( this is the very first reason they become successful).

$ 1 million is used for large business capital. so our business that runs, is the velocity of money and the brain, not the body. so we can enjoy those times. for example stock investment, or bitcoin.

Invest in crypto currency? Maybe it's a good way if you want to increase your money if it's still lacking in that amount. But like gambling you must be prepared with all the possibilities that exist.

Retiring early doesn't mean that you are going to sit idle doing nothing. As far as I understand it, the point is providing yourself with enough sustenance, which is otherwise called a passive income. This allows you to get "fired" and not depend on a nasty boss for your living any more. After you reach such a point, you are free to do what you please. Indeed, you can start wasting your life and money, but people who are consciously and knowingly looking for early retirement typically do not belong to this category. In fact, they can start to work even harder, but not for money as such and not for a boss at all.

A lot of people have always lived above their means and not consider the future most of the time, and this sometimes can even be frustrating. It is more like sacrificing so much for so little, so instead, why not satisfy so little for so much. Life is all about learning from the non-satisfactory things and not repeating the same non-satisfactory things.

I have been quite prudent with my spending but I am Joining the Frugal FIRE brand immediately!

I'm not saying don't save for the future as we always wanted to live our remaining lives to its fullest but how about you don't wake up tomorrow and all the money you save will be useless and unluckily you don't have the chance to enjoy every single of it.

Retiring early is a myth and stupidity.Somebody so successful in early life will try to achieve new goals and hieght. They are not going to sit idle after achieving current goals( this is the very first reason they become successful).

You are actually missing the point here. Firstly, there are certain things you can easily do in your early years in life that when you reach a certain stage will be difficult to achieve which is why trying to make those things achievable quickly is usually a good way to start than trying to achieve those things when your bones, mental alertness, and so many other things are struggling with little strength to drive them.

It is certainly not about being idle, it is just about saving up and investing in things that would give you time in the long run but that certainly depends on how smart you want to be anyway.