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Fat Fire Question
Old 03-03-2021, 12:23 PM   #1
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Fat Fire Question

So for people who retired with Fat FIRE. Did you work longer and get stuck with OMY? How did you decide you have enough? Is it ridiculous to think about needing 6 figures to retire?
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Old 03-03-2021, 12:44 PM   #2
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It is relative to your spending while working.

Say your last year of w*rk you spent $120k.

Fat FIRE would imply spending $120k-$150k+. You spend the same or more than when w*rking.

One More Year is real. One less year taking from your portfolio, paying for health insurance. One year closer to Medicare/SS.
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Old 03-03-2021, 12:45 PM   #3
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I’m not quite sure what “Fat FIRE” is. Perhaps the OP or someone can define it for us.
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Old 03-03-2021, 12:50 PM   #4
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Why is fat fire any different to regular fire AFA one more year? The numbers have to work no matter how fat your fire is.
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Old 03-03-2021, 12:52 PM   #5
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Lean FIRE is retiring on a smaller/much smaller spend than when working. You do anything to quit.

Fat FIRE is retiring and increasing spending. Or at least maintaining your working level of spend.
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Old 03-03-2021, 12:58 PM   #6
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Fire status is based on BMI (Body Mass Index).

Lean Fire - BMI under 25
Moderate Fire - BMI from 26-29
Fat Fire - BMI over 30

It's a joke. It's just a joke.
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Old 03-03-2021, 01:01 PM   #7
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Is it ridiculous to think about needing 6 figures to retire?
6 figures is too few figures, I'd think.
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Old 03-03-2021, 01:01 PM   #8
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Most here would consider any version to be phat FIRE, I think.

phat: highly attractive or gratifying, excellent
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Old 03-03-2021, 01:02 PM   #9
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6 figures is too few figures, I'd think.
I thought the same. I'm guessing they meant 7 figures.
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Old 03-03-2021, 01:02 PM   #10
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7 is a good number. 8 would be fat!
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Old 03-03-2021, 01:20 PM   #11
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I'm reading this thread and now I have Queen Fat Bottomed Girls playing in my head
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Old 03-03-2021, 02:04 PM   #12
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I guess 6 figures in a number is the annual spending in fatFIRE. If you make $1M a year, you can fatFIRE with many less years.
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Old 03-03-2021, 02:11 PM   #13
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So for people who retired with Fat FIRE. Did you work longer and get stuck with OMY? How did you decide you have enough? Is it ridiculous to think about needing 6 figures to retire?

I do not know if I am "fat fire", but you can read about my OMY glide path to retirement under those "I have enough" conditions here: https://www.early-retirement.org/for...ans-81406.html
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Old 03-03-2021, 02:20 PM   #14
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The sites that use the terms fat FIRE and lean FIRE generally say spending >$100K/year is fat and <$30-40K/year is lean.
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Old 03-03-2021, 02:22 PM   #15
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First google hit says: "Fat FIRE assumes you're going to be living on $200,000 per year or more"

I was expecting to see a picture of bacon on fire.
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Old 03-03-2021, 03:05 PM   #16
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Don’t forget ‘barista FiRE’

So many types
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Old 03-03-2021, 03:08 PM   #17
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I guess we are obese fire
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Old 03-03-2021, 03:25 PM   #18
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Quote:
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So for people who retired with Fat FIRE. Did you work longer and get stuck with OMY? How did you decide you have enough? Is it ridiculous to think about needing 6 figures to retire?
OP; To answer your actual questions:

1) No I didn't work longer, but I wasn't focused on retiring. I just worked until I didn't want to any longer. I liked my job, which was fortunate for me.

2) By the time I retired, I knew we had enough because our retirement budget only required that we withdraw less than 1% of our assets, which together with pensions and SS allow us to spend well over $200K/yr.

3) I'm not quite sure about your 6 figure question, but if we accept that fat fire means spending $200,000+, then by definition you'll need to earn a good six figure salary consistently, while living below your means unless some windfall occurs.
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Old 03-03-2021, 03:38 PM   #19
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my idea of Fat Fire
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Old 03-03-2021, 04:19 PM   #20
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Fire status is based on BMI (Body Mass Index).

Lean Fire - BMI under 25
Moderate Fire - BMI from 26-29
Fat Fire - BMI over 30

It's a joke. It's just a joke.
DEFINITELY FatFire here....
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