AvidGolfer80
Dryer sheet wannabe
- Joined
- Dec 16, 2020
- Messages
- 12
Hi again, this forum has been great and the responses have been very helpful.
I wanted to describe my situation and my plans for the near future and wanted some feedback.
My stock portfolio is at 900K (75 equities/25 bonds - stocks are mainly US (90% US)) and the plan is to take out 30K for the year (looking into a 40 year horizon). This formula would give me a 100% probability of success according to FIRECalc (barely 100%).
I am located in Asia so the taxes and healthcare are quite different. I will not need to pay for healthcare plus the cost of living is much lower than in North America. Based on my calculations, this would allow us to spend 2000 a month (after tax).
Before I FIRE, I will purchase a new home so then my mortgage would be 1000 a month while the rest would look like this:
1000 a month mortgage
100 property tax
250 car
150 for groceries/food
100 insurance/utility bills
This would leave us with 400 for any extras. Plus I will not have any extra income so all of my finances would come from investments.
Do you see any issues with that? Does this sound unrealistic? Too conservative? Too aggressive?
I wanted to describe my situation and my plans for the near future and wanted some feedback.
My stock portfolio is at 900K (75 equities/25 bonds - stocks are mainly US (90% US)) and the plan is to take out 30K for the year (looking into a 40 year horizon). This formula would give me a 100% probability of success according to FIRECalc (barely 100%).
I am located in Asia so the taxes and healthcare are quite different. I will not need to pay for healthcare plus the cost of living is much lower than in North America. Based on my calculations, this would allow us to spend 2000 a month (after tax).
Before I FIRE, I will purchase a new home so then my mortgage would be 1000 a month while the rest would look like this:
1000 a month mortgage
100 property tax
250 car
150 for groceries/food
100 insurance/utility bills
This would leave us with 400 for any extras. Plus I will not have any extra income so all of my finances would come from investments.
Do you see any issues with that? Does this sound unrealistic? Too conservative? Too aggressive?
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