(CNNMoney.com) -- Is it possible to retire by 50 with an income under $60,000? Ryan and Hope Wells think so. Hope and Ryan Wells, who make a combined $56,000 per year, want to retire early with more than $2 million. Married since 2005, the young Arkansas couple is just starting out. Ryan, 25, works as a used car salesman, and Hope, 23, works as a medical billing coder at a hospital. Together they earn an annual $56,000 -- above the national average, yet still not exactly easy street in today's economy. But with a little discipline, they think they can meet their goal of an early retirement. "I feel pretty comfortable with a target of a little over $2 million," Ryan says.
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Ryan and Hope Wells hope ambitious financial plan will make them millions
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Their low cost of living helps; credit card debt, student loans pose obstacles
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Expert says they're on their way, but may not be able to retire by 50
Meanwhile, they're working to pay off @placeholder's student loans, which total $5,500.