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03-03-2021, 12:23 PM
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#1
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Recycles dryer sheets
Join Date: Feb 2014
Posts: 274
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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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03-03-2021, 12:44 PM
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#2
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Full time employment: Posting here.
Join Date: Nov 2016
Location: Fargo
Posts: 924
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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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03-03-2021, 12:45 PM
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#3
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 39,822
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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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03-03-2021, 12:50 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 9,772
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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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03-03-2021, 12:52 PM
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#5
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Full time employment: Posting here.
Join Date: Nov 2016
Location: Fargo
Posts: 924
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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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03-03-2021, 12:58 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
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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. 
__________________
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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03-03-2021, 01:01 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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 Quote:
Originally Posted by livingalmostlarge
Is it ridiculous to think about needing 6 figures to retire?
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6 figures is too few figures, I'd think.
__________________
Emancipated from wage-slavery since 2002
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03-03-2021, 01:01 PM
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#8
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 24,445
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Most here would consider any version to be phat FIRE, I think.
phat: highly attractive or gratifying, excellent
__________________
I thought growing old would take longer.
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03-03-2021, 01:02 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Posts: 2,183
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Quote:
Originally Posted by twaddle
6 figures is too few figures, I'd think.
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I thought the same. I'm guessing they meant 7 figures.
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03-03-2021, 01:02 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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7 is a good number. 8 would be fat!
__________________
Emancipated from wage-slavery since 2002
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03-03-2021, 01:20 PM
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#11
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Recycles dryer sheets
Join Date: Aug 2017
Posts: 337
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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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03-03-2021, 02:04 PM
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#12
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Full time employment: Posting here.
Join Date: May 2014
Posts: 940
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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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03-03-2021, 02:11 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2012
Posts: 5,783
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Quote:
Originally Posted by livingalmostlarge
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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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
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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03-03-2021, 02:20 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Location: DC area
Posts: 2,372
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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.
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged
"All models are wrong, some are useful." - George Box
“There is always a well-known solution to every human problem: neat, plausible, and wrong.” - H.L. Mencken
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03-03-2021, 02:22 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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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.
__________________
Emancipated from wage-slavery since 2002
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03-03-2021, 03:05 PM
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#16
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Recycles dryer sheets
Join Date: Apr 2005
Posts: 409
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Don’t forget ‘barista FiRE’
So many types
__________________
-----------------------------------------------------
Whatever you do will be insignificant, but it is very important that you do it.
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03-03-2021, 03:08 PM
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#17
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Full time employment: Posting here.
Join Date: Jun 2015
Location: Redmond
Posts: 849
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I guess we are obese fire[emoji30]
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03-03-2021, 03:25 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,505
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Quote:
Originally Posted by livingalmostlarge
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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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.
__________________
"Luck favors the prepared mind"
Pasteur
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03-03-2021, 03:38 PM
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#19
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Recycles dryer sheets
Join Date: Jul 2018
Location: Topanga
Posts: 306
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my idea of Fat Fire
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03-03-2021, 04:19 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Jun 2017
Location: Western NC
Posts: 4,457
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Quote:
Originally Posted by flintnational
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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