Retirement in Bay Area

Apple
Xyked

Go to company page Apple

Xyked
Apr 2 72 Comments

$2M NW (which includes house).
No mortgage. No debts.
Sick of corporate life. It seems my life is running past me and I am not getting the time to do things I love.
Planning to do something on my own and travel.
Single guy and not planning to get married ever.
Can’t move out of Bay Area. I like the weather and my friends are here.

Hopefully I would make $100k per year on my investments. My expenses are not much - hardly $3k per month if I exclude travel.

I love to travel and seeing new countries. So that expense would be roughly $10k per year.

I don’t want to budget for medical expenses because I would prefer to die early than to live my life lying on a bed surviving on meds in an old age home. Maybe at that age I can move to a low cost country if I have to live inside a room all day.

So need to plan out only till the age of 70 or so because my bones would be dead by then.

Would $2M be enough?

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 TOP 72 Comments
  • How can you do any meaningful amount of travel for $10K per year?
    Apr 2 6
    • Huawei
      ic3ream

      Go to company page Huawei

      ic3ream
      I traveled like that in my 20s but in my 30s I can’t do red eye flights and 3 star hotels. I prefer comfort/luxury now.

      I would say increase the travel budget to $20k a year. I’ve been to 52 countries before the age of 30. Just sayin.
      Apr 2
    • Apple
      Xyked

      Go to company page Apple

      Xyked
      OP
      Wow !! 52 countries before the age of 30 !! You are living my dream !! 👏👏👏I envy you !!
      Apr 2
  • Google
    highestCME

    Go to company page Google

    highestCME
    Sounds like a terrible plan tbh, dying early, alone, and penniless without proper medical care. I’d just plan a year off instead, you sound like you need it to consider this plan over work.
    Apr 2 7
  • Cisco
    bbder

    Go to company page Cisco

    bbder
    If you remain single forever yes.
    Apr 2 0
  • Google
    fho

    Go to company page Google

    fho
    You’re neglecting some key info like how old you are, how much your house is worth, if you plan to be single forever.

    If your $2M net worth includes your house in the Bay Area, you could have $0 in the bank.

    Personally I like Reddit’s FiRe and fatFIRE subreddits.
    Apr 2 4
    • Apple
      Xyked

      Go to company page Apple

      Xyked
      OP
      I plan to rent out my condo when I would be gone for months traveling around the world. Rental income plus money from investments would be b/w $50k-$100k and that would be enough for me.
      Apr 3
    • Sounds like that could work. I'd personally wouldn't risk making my primary residence into a short term rental for part of the year, but if you're willing to tolerate the potential damage, that would work for you.
      Apr 3
  • Merkle / Legal
    tc 👮‍♂️

    Go to company page Merkle Legal

     tc 👮‍♂️
    I’m gonna go contrarian here and wish you the best of luck my dude

    Don’t get married but never say never

    You’re going to find alot of nay sayers here my best advice to you is to find people who are more aligned with what you are trying to do

    You get better advice and lessons learned from them then a bunch out of touch money driven engineers from the bay
    Apr 2 1
    • Apple
      Xyked

      Go to company page Apple

      Xyked
      OP
      If I do marry then I would marry someone who would be self sufficient and not financially dependent on me. Because if I am looking to retire early then it would be hard for me to meet the financial needs of anyone.
      Apr 2