Yesterday, someone in my Telegram group asked a question: Is it wise to retire before 30 years old with $1 million, or is it better to retire at 40 years old with $10 million? I thought it was an excellent question to explore. This is a question you will think about if, mathematically, both outcome is possible for you. As a new graduate, the person starts with a base salary of $300,000 yearly in a certain finance sub-field. I don’t have the usually long-winded answer, but I want to think through this and provide some personal perspectives. The Higher Earner’s Dilemma High earners have a certain dilemma. They faced a huge opportunity cost if they retire early. But they get to spend their money when their time & energy are at the highest. If they retire earlier, and have not done sensible life planning, their money may exhaust. If they retire later,...