The Science behind being financially independent with $1 million by age 40

So we hear stories, of people who was able to retire in their 30s and are so envious of their situation.

They must have rich parents or high income earner. How close to the truth is that?

I was adding this case study to my previous article where I explore the simple formula to be wealthy (read here)

Perhaps some have overestimate what is required to retire, but financially independent is a correct phrase for them.

By that, it means that they have acquired wealth that sufficiently provides for their daily needs that they can take up choices in life that are otherwise not possible.

Some folks have worked hard in school, or managed to get into a profession with a high starting starting pay, would he or she be able to be financially independent at a young age?

The premise

In our simulation here, we have the …