I have given a lot of thought on this subject as well. I think the first few months will go nicely, putting money into savings and spending wisely. But I have a feeling that keeping up with the lifestyle is hard for most of the people. Your pace is frustratingly slow, and you really need to trust that the lifestyle you are living will pay off someday.
Just to scratch my own itch, I've built a finance independence calculator for my daydreaming needs