If FIRE is all about spending less and investing more, then DINK should be a natural fit.
On the flipside, the DINK lifestyle can negatively impact the economy, given the reduction in births. After all, fewer kids means fewer workers and fewer workers means a reduction in a nation’s ability to support the elderly.– for a variety of reasons, and not just because everyone simply decided to hop on the DINK bandwagon.
Having said, here’s a simple study of how much earlier a DINK couple may be able to retire. We’re going to have to rely on a lot of assumptions, so your mileage may vary.Savings rate: 50% Retirement sum after 5 yearsS$1.81 million Clearly, that won’t work. But to make the numbers fit, Matt and Joanne can choose to increase their savings rate, earn more money, lower their monthly budget during retirement, or push their retirement further back.Perhaps the lesson in all this is that if you’re trying to achieve financial independence, not having to pay the costs of having children will definitely be helpful. But even then, it requires a high degree of discipline and sacrifice in order to achieve your financial independence.
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