Huston55
Thinks s/he gets paid by the post
We hit our FIRE "number" today (yeah ). 27x annual expenses. Problem is, we're 5 years too early ().
When I originally calculated our FIRE number several years back it was under the assumption that it'd take longer, we'd be older, the kids would be out of the house and the mortgage would be paid off. As it is, kids are still in high school and we're still a few years from owning the house free and clear. I guess my "number" isn't really my "number".
Has anyone else had to reevaluate FIRE based on better than anticipated portfolio performance?
I’d suggest you keep saving. At ages of ~ 49 & 45, you & DW should plan on at least 40yrs of withdrawals, which means 27xAnnual Expenses (3.7% WDR) is not nearly conservative enough IMO. Read Jim Otar’s “Unveiling the Retirement Myth” & focus on the ‘zone concept.’ For a 40yr retirement, a couple needs at least >32xAnnual Expenses (3.1% WDR) to be in the “Green Zone”, which is where you want to be; especially with two kids (potentially) in college.
PS: Congrats on your excellent financial position! Just saying I’d save more if it was me & DW
Last edited: