FIRE target for SF Bay Area
There is a FIRE (financially independent retire early) thread that has responses from various areas. For SF Bay Area, the retirement number needed is likely significantly higher. If you are already FIRE in the Bay Area, what is the amount that you feel comfortable doing so (including primary residence)? For those targeting reaching that point, what is your target amount?
12M(including 2M house) : estimate as of 2018
Do you really need to be able to spend 500k a year in retirement?
That’s not important; what’s important is telling people at The Battery and Burning Man how much you have.
10M with house paid off.
10 m with paid off house
Not gonna happen at MSFT.
Why would you stay here if you’re not working here
If you don’t have kids, it will be a bit lower ($15-25M) but it greatly depends on lifestyle choices. There are many quieter and cleaner places to retire to. Bay area is already congested and is only going to get worse.
10mm
In your dreams maybe.
4-5 mil with paid off house. At 3% withdrawal rate for portfolio lasting indefinitely gives $120-150k. Used 3% since would need to be 50+ years of FIRE. 4% is when retire in 50s-60s
Amgen?? really?
These seem low, or you guys are older than me. Anticipating kids needing help, $20M with paid-off house. Iow, not retiring early.
At $20M, you'll be passively making, on average, $2M for the year. How much do you plan to spoil your modest kids?
Sorry -- I'm also planning on investing / running side businesses with zero worry about failure. Retiring and doing nothing == early death as far as I'm concerned. But good call-out.
So many of you here will never make it to 10-15 million. Not unless with compounding and it’ll be near your death. Aim for 1-2 million, maybe paid off house, and call it a day.
Realistic! Although, make it 3 million and paid off house.
$5 million
With house paid off
You need a better job for that. Even thinking of this while working for Roku is a sin.