Super saving
Jill Olkoski

Jill Olkoski, 49, Edmonds, Wash.
Works as: Website designer
Aiming to retire in: 2018

Olkoski learned the value of living below one's means from her parents. "My father and mother were Depression-era folks, so saving was always really important," she says.

Thanks to her financial discipline -- saving an average 30% of her salary per year during a two-decade engineering career at Motorola -- she's on track to retire from full-time work in her 50s.

Trimming housing expenses. Two years ago, Olkoski moved from Seattle to Edmonds, which is just 12 miles north. She bought a slightly smaller home for half the price, getting rid of her mortgage in the process.

That also cut her property taxes by 50% and reduced her maintenance, insurance and utility expenses. "You don't have to move far away from where you live to lower your costs," says Olkoski.

As a result of the move, she's also cut her retirement income needs, preserving the longevity of her portfolio.

Planning for health care needs. Olkoski, who started a home-based website-design business in 2006, plans to continue working at it part time in retirement. Besides providing income, this will enable her to claim a tax break on health insurance until she qualifies for Medicare.

Olkoski also plans to buy long-term care insurance. "I'm single and I want to make sure I'm taken care of if I can't care for myself," says Olkoski.

  @Money - Last updated October 23 2012 09:26 AM ET
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