00:00Want to be on the fast track to retirement? Don't we all?
00:03A new NerdWallet survey reports Americans who aren't yet retired but plan to retire say they plan to leave full
00:10-time work at age 57 on average.
00:13That's a decade before the Social Security retirement age of 67.
00:18Well, this idea is actually not that far-fetched.
00:21It's totally doable if you put some systems in place.
00:25As The Motley Fool suggests, start with figuring out how much income you'll need in retirement.
00:30You'll need about 80% of your pre-retirement income to maintain the same standard of living.
00:35Figure out your number and then, you guessed it, get to saving.
00:40Experts tell NerdWallet the general rule of thumb is saving 10 to 15% of your pre-tax earnings.
00:45Don't forget to account for health care and other expenses.
00:49Keep your eye on the prize and stick to the plan.
00:52Set up an automatic transfer so you can't be tempted to skip the saving one month in favor of a
00:58fun dinner with friends.
00:59That food and memories will be long gone when you hit retirement age, but that money in the bank can
01:05help you get to your early retirement goal.
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