My base FIRE number is 500k to retire in Southeast Asia but 1mil if I want nicer things like a live-in maid. Since I hit the tsla RSU lotto, my timeline has sped up significantly. Do I stay and cop the dollars or leave to chill or do a startup or whatever? TC 800k #fire #retirement #lottery
What’s your nw?
500k isn't enough if you want to live in the western expat bubble or the "internationals" bubble (and if you're not native ethnicity of whatever country you go to, you'll want to stay within one of those bubbles). 1M if you plan on being single, 2M if you want a family.
Out of curiosity, why do you want to stay within the bubble?
The majority of SEA is poor, has overall low levels of education, and is lacking in diversity beyond natives of a couple surrounding countries. Westerners realistically won't fit in that environment. I believe this is especially true for non-Asian westerners, and also for wealthy westerners (or those that have the ability to create wealth). The wealthy, educated SEA natives tend to either be a tight-knit group that is hard to get included in, or belong to the "international" scene. These people (especially the former) tend not to be very welcoming towards the westerners that go to SEA because it's cheap and they like the women. My experiences are as a white man who took a gap year to live in Thailand, so this is a bit anecdotal and based on what other westerners have told me. YMMV and others know more. If anyone disagrees, I'd love to hear it.
What’s the rush.
No rush just asking what people thought
Not sure why people think that 500k or even 1M is ok east Asia. If you retire early (say 35) You will live a poor ass life and in case of medical emergency you will need to come back to usa just with 500k. Let me put it this way, without atleast 1M + a fully owned house (which can give you some free cash of say $1000 to rent anywhere in asia), you cannot retire. Also 4% rule is BS for early retirement. To be conservative 2% sound far more reasonable..
2% is way too conservative, especially considering you can go back to work if your investments tank in the first two decades (I'm guessing OP is substantially younger than 35).
The issue with tech jobs are that, these are not like a math teacher type job where skills need not change much.. getting back to tech even after 5 years is difficult
was this last year’s TC or sometime in future?
Late 2020+early 2021