How much does one need to reach FIRE by age 50?

IBM
pcbi01

Go to company page IBM

pcbi01
May 3, 2021 21 Comments

Strictly counting net worth (excluding debt) for one person, how much would one need to reach FIRE by age 50?

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TOP 21 Comments
  • Google / Eng
    .:

    Go to company page Google Eng

    PRE
    Samsung Electronics
    .:
    How's retiring at 50 retiring early?
    May 4, 2021 4
    • Google / Eng
      .:

      Go to company page Google Eng

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      Samsung Electronics
      .:
      Nah, I don't think I'd be able to retire before 50. But I'm also not calling my post 50 retirement FIRE. It'd be simply a regular retirement.
      May 4, 2021
    • Google
      btde01

      Go to company page Google

      btde01
      Regular is 65. Shaving off 15 years and retiring at 50 is definitely early for the average society*.

      *Bay area is abnormal society.
      May 4, 2021
  • FIRE for just one person at age 50. 1 million is more than enough. What the f is one person going to do with 10 mil at 50.. Blind is really blind.
    May 3, 2021 3
    • Google
      shosho677

      Go to company page Google

      shosho677
      1 million isn’t enough though. It is about 30k a year only.
      May 4, 2021
    • Google / Eng
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      Samsung Electronics
      .:
      We've to adjust for inflation. Also, life expectancy is increasing. That means one would need to plan for that. Note that, 401k would start to dry at 99 or something.

      In addition, think about unexpected medical expenses. In 30-50 years policies can drastically change, making healthcare entirely unaffordable or (hopefully) entirely free. But FI means, we're prepping for the worst.
      May 4, 2021
  • Tesla
    yoh09

    Go to company page Tesla

    yoh09
    Where is big question.
    Lcol country $1M
    Lcol state $2M
    Hcol city $5M
    May 4, 2021 3
    • Just use the 5 mil itself thats like 250k for 20 years
      May 4, 2021
    • Tesla
      yoh09

      Go to company page Tesla

      yoh09
      Man's 50 yeah
      He can do
      20% dividends
      20% corporate bonds
      20% govt bonds
      20% crypto
      20% growth stocks

      Blended income should be 3%/yr which is like $150k
      And over 20 years there is very likely overall growth.

      $150k/yr is plenty for one person's retirement
      At 50 ur kids hopefully aren't still cash drains
      May 4, 2021
  • New
    QR‎

    New

    QR‎
    Remember to account for inflation.

    $25M in 25 years is only worth $9M today.
    May 4, 2021 4
  • Uber
    dormido so

    Go to company page Uber

    dormido so
    Tree fiddy... Mil
    May 4, 2021 0