

It depends on what you mean by current spending. I’m putting almost a third of my pre-tax income into savings already. If you mean I can live off of 65% of my default post-tax salary, sure. That probably wouldn’t change too much from my current expenses, and I would love the free time. If you mean 65% of what’s left over after my normal contributions, then that would be pretty tough. I consider my current lifestyle to be relatively frugal, so that would be very hard.
I’m actually trying to achieve the FIRE lifestyle, so the goal is getting to the point where average post-tax returns on investments is at least annual expenses. But I can’t do it by thirty.
I’m glad someone mentioned the 2008 financial crisis. Banks need to be fairly confident the person they are giving the mortgage to can afford the payment now and for the next thirty years. There are plenty of unfair reasons why someone may not be able to buy a home today, but not being able to afford a down payment is not one of them.