A couple in their 40s retired at 39 with $1 million, spending only $1,241.80 per month. They live outside Indianapolis with no kids or mortgage, embracing the LeanFIRE lifestyle.

LeanFIRE aims for early retirement under $40,000 annually, prioritizing minimalism and financial independence over excessive spending. It’s about living frugally, not extravagantly.

The couple paid off their house in 11 years, drive an old car, cook at home, and travel cheaply abroad. Their top expenses include $500 for food, $275 for property taxes, and $120 for electricity.

They have no health insurance premiums due to Medicaid and ACA subsidies, despite having seven-figure savings. This approach contrasts with Suze Orman’s warnings against early retirement.

Suze Orman believes early retirement is a financial mistake, claiming you need $10 million to retire comfortably. The Reddit couple disagrees, stating most people don’t even reach $1 million and can still retire comfortably.

Read more at Yahoo Finance: Some Say You Need $10M To Retire Early, But This Couple Did It With $1M. Now Their Monthly Expenses Are Just $1,241