To be fair, an average family has the ability to retire at 55. A combination of prudent saving - looking at 30% savings per month - and assuming proactive
credit repair approach, the family can afford to live a financially free lifestyle.
We're not including liabilities such as owning a car or indulging in extravagance. It is simply having casual meals at restaurants or coffee houses for an extended period of time. A simple holiday to Msia or Indo can suffice. By that age, the head of household is likely to be prudent too.