Here's How Super Savers Manage Early Retirement While Raising Kids

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Retiring in your 30s and 40s gets complicated when you have children. Here are some tips from those that are managing high savings rates while caring for young ones.

Share to twitterThere’s often initial skepticism when someone first hears about how another person retired before the age of 50. And if that skeptic is a parent, their doubt is expressed with the simple line of “they certainly don’t have kids.”that the cost to raise a child is $233,610, and that doesn’t include the expense of college.

“Having a newborn who wouldn't sleep for many months was actually a huge money saver,” says Stephanie Kibler, who blogs about her path to financial independence with a toddler on board at It’s not uncommon for new parents to seek out homeownership. Those that want to retire early, however, often do so with different goals in mind.last year purchased a home that was $300,000 or more. That level of home is considered premium. While early retirees will buy homes for that much – it really depends on their income and city they live in – they’re not seeking to max out their expenses with a high mortgage payment.

“It’s natural to move to a bigger home when you have kids,” says Joe Udo, who writes about his early retirement lifestyle on his blog

 

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