I've been lurking for about a week and finally wanted to make myself known and introduce myself.
I'm a 43 years old, happily married with wife and 3 kids. Living in The DC suburbs of Mclean, Va.
I had always wanted to be able to retire early, but as the years have gone by, and I realize just how much I love my career, I think I probably aspire more towards the FI (financially independent) rather than the RE of FIRE.
Ive been a bit mystified by how much people really need to live on once they retire early. I know all the financial books use 80% as a rule of thumb, but I've noticed people here getting by on probably much less.
If I can get a solid handle on this number, then I can figure out how much I can cut back to semi retire, which will give me the best of both worlds.
Any advice?
I'm a 43 years old, happily married with wife and 3 kids. Living in The DC suburbs of Mclean, Va.
I had always wanted to be able to retire early, but as the years have gone by, and I realize just how much I love my career, I think I probably aspire more towards the FI (financially independent) rather than the RE of FIRE.
Ive been a bit mystified by how much people really need to live on once they retire early. I know all the financial books use 80% as a rule of thumb, but I've noticed people here getting by on probably much less.
If I can get a solid handle on this number, then I can figure out how much I can cut back to semi retire, which will give me the best of both worlds.
Any advice?