We each earn $500k in California and want to retire early in 10 years when we turn 40 - is this achievable?

Retiring early is feasible for high earners, but needs strategic financial management. A couple making $1 million can potentially retire at 40 with careful planning.

Living in high-cost areas like California complicates early retirement due to expensive housing. Even with strong incomes, challenges like mortgages and childcare can hinder savings.

Maximizing tax-advantaged accounts is crucial. Proper investment in diversified portfolios or stock indices is essential for accelerating wealth accumulation and enabling early retirement.

While the couple’s income permits high savings, balancing living expenses and planning is vital for achieving their goal of retiring at 40.

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