Hi! I was referred to this site over at the Simple Living Network and am getting some great information from this forum.
I just wanted to get some feedback on my own situation and desire for FIRE.
I want to retire at age 45. I now save 54.5% of my income.
Cash: 22% a year, Total: $34,000 (CDs, MMA)
401k: 12% a year with 3% match. Total: $11,300 (small caps, large caps, international funds)
IRA: 0% a year, Total: $7,500 (balanced fund)
ROTH: 3.5% a year, Total: $2,500 (international and bond funds)
House fund: 17% a year, Total: $8,500 (matched every month by husband)
No credit card, mortgage, car loan or school debt.
Total Net Worth: $65,200
My husband is on his own path to ER with a state pension that he is paying into to withdrawal at age 55. He is six years older than me.
My husband and I live in my mom's very large house (worth about $500,000) which I will inherit. We live here to help her take care of it. She will not leave and it will fall apart without our time, money and effort. A big job and we don't own any part of it. A concern for us.
The best books I have read on ER are Your Money or Your Life, the Armchair Millionaire, the Terhorst's book and the Ferstenou's book and have implemented several points from each.
How am I doing? What could I do better?