Moving goal post of FIRE. What's yours?

Oct 27, 2021 49 Comments

Few years ago we started with the FIRE goal of 2M Net worth. Today we have hit that number and my spouse wants that to now be 5M (no timeline associated with it). We still have 1M in loan on our house which is not our forever home.

What is your FIRE number and what's the age by which you want to achieve it? Do you keep changing your FIRE number as well?

TC 500k
Family of 4 (2 young kids)
Age: late 30s
Location: Bay Area

#FIRE #retirement

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TOP 49 Comments
  • Amazon
    m2c

    Go to company page Amazon

    m2c
    I want 1M for every decade I need to support myself to enjoy. 3M at 60, 4M to retire at 50, 5M to retire at 40 and 6M to retire at 30
    Oct 27, 2021 11
    • Google
      Rijeka

      Go to company page Google

      Rijeka
      +1 to what bNCa6X said above. At even a very conservative 3% swr you only need ~3.5M to sustain your 100k annual spend for your retirement
      Oct 28, 2021
    • Amazon
      m2c

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      m2c
      I completely understand it doesn’t work that way; but while I may be fine with a SWR of 100k at 60, if I’m retiring at 30 it’s because I can withdrawal 300k a year and not sweat it
      Oct 28, 2021
  • Amazon
    phonetewl

    Go to company page Amazon

    BIO
    phonetewl
    40, 5M, 2 kids. Not in the Bay Area but HCOL. I’m there right now and working on figuring out what’s next.
    Oct 27, 2021 7
    • Good for you. May I know which index funds are you investing in and on what platform?
      I have a little in index funds between VOO, VTI, QQQ and a couple of others. Been using Robinhood but wonder if I should switch.
      Yeah, risk averse as well and I don't think we'll entirely quit, we'll be bored out of our skull. The idea of retirement is to not be corporate slaves, as you mentioned work in non profit/education etc and take a break when you need, travel etc.ideally want to be able to work part time,like 3-4 hours a day which would be perfect.
      Yes,no private jets for us too :) Just want to live a similar life to what we lead now, travel business class though ;)
      +1 on spending a lot of time with kids ❤️
      Oct 27, 2021
    • NVIDIA
      PYmi28

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      PYmi28
      Same here wanna know what index funds Amazon invested in ....
      Oct 31, 2021
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  • Amazon
    ua43Fg

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    ua43Fg
    When is enough enough for you?
    Oct 27, 2021 0
  • Amazon
    cashcash

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    cashcash
    7M. I have expensive taste.
    Oct 27, 2021 0