According to Firecalc I have an 80% success rate but I think I should be able to increase my savings rate fairly significantly over the next few years so I think it's understating my chances. Oh, I'm 39 now.
My wife and I both have good jobs and live below our means so we are saving about 40% of our income (counting employer 401k contributions etc.). House is paid off and our newest car is a 1998 so we don't have too many bills we need to pay each month. We want to have a comfortable lifestyle in retirement, however, (travel, second home maybe) and my back of the envelope calculations show we would want about $100k per year, so that's a goal of $2.5M.
Still need to work on asset allocation - way too heavily invested in large cap equities but I have been doing some reading and will be refining my investment strategy and doing some significant rebalancing in the next few months.
Anyway, I just wanted to say hi and that I look forward to learning more about what I need for FIRE over the coming months and years!
My wife and I both have good jobs and live below our means so we are saving about 40% of our income (counting employer 401k contributions etc.). House is paid off and our newest car is a 1998 so we don't have too many bills we need to pay each month. We want to have a comfortable lifestyle in retirement, however, (travel, second home maybe) and my back of the envelope calculations show we would want about $100k per year, so that's a goal of $2.5M.
Still need to work on asset allocation - way too heavily invested in large cap equities but I have been doing some reading and will be refining my investment strategy and doing some significant rebalancing in the next few months.
Anyway, I just wanted to say hi and that I look forward to learning more about what I need for FIRE over the coming months and years!
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