Amount to FIRE
Given your own personal circumstances, spend, and comfort with uncertainty, at what net worth would you feel comfortable pulling the trigger and retiring early? Feel free to explain your answer in the comments.
$10M minimum
I’m doing a scaled FIRE. I can do it on 1mm based on my spend, but would prefer a nicer lifestyle. However, now that I’m past that, my tolerance for employer bullshit is 0 - it’s incredibly liberating and ironically enough has made me progress faster in my career.
Scaled version sounds good
Same here, I am free to do what I want and have my own opinion. In 3 years, if the world doesn’t end I will be able to FIRE but I got more TC recently. I can milk the cow more.
Op - Fire is overrated. You will get bored. Been there, done that.
Coast Fire is the way. Once I hit 1.5m liquid in the next 2 years I can work just for expenses while investments grow for 25+ years
Good idea!!
Do you guys think about leaving generational wealth for your heirs when you compute your FIRE number?
If don’t plan to have children, what amount seems proper to FIRE
Tree Fiddy
5m + paid off house FI is essential while RE is optional
I was ready but then I discovered first class travel and luxury hotels. So 😇
$3.8M
That's very specific! You have clearly thought about it?
Yep, for a few years. I have a spreadsheet with lots of spend history and future projections, asset allocation with historic performance etc