Steve Adcock and his wife both retired in their early 30s despite coming from a modest background with no inheritance. He discloses how he retired young with one million dollars in the bank.

The finance expert shares 13 tips for others looking to retire early:

• Don’t follow your passion if it won’t make you money
• Learn from millionaires - follow what they do and invest well
• Ditch the losers and hang out with high performers - people tend to act like the people they associate with
• Exploit the nine to five by making the most of employee benefits and employer pension contributions
• Don’t stay in one job too long - pay rises often come with new jobs
• Automate everything from paying bills to investing
• Ignore the haters who might not understand spending less on nights out
• Don’t try and keep up with the Joneses - cars depreciate and don’t make you rich
• Talk about financial goals with a partner
• Prioritise health as money isn’t everything
• Don’t take on credit card debt
• Say yes to a promotion and learn how to do it later
• Ditch the bar and invest the money instead.

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Pension expert Tamsin Calne told Express.co.uk: “If you are able to save 10 percent into a pension (five percent personal contributions and five percent employer contributions, so £317.76 per month) and your investments grow at five per annum, in 10 years you would have £49,548. In 20 years, you would have £131,154.”

In 40 years of saving like this, someone would have £758,422.

Tamsin added: “If we assume that the income increases with inflation of three percent (I know it’s much higher at the moment), this amount becomes £167,837.

“Increasing the contributions to 15 percent (10 percent from the individual and five percent from the employer), you would have £1,137,639.”