I joined this board several months ago and have spent many hours reading, searching, and learning but unfortunately not posting much. That will change now since I gave my notice a few weeks ago at Mega Corp
. My FIRE date is in December. After over a year of planning and calculating it was time to move on and with the info from this board, Firecalc, and the Fidelity and T Roe Price calculators I have done enough analysis according to DW who ESRd two years ago although the Engineer in me is never really done calculating.
ESRBobs book "Work Less Live More" was a tremendous help in making this move for anyone considering ESR.
We lined up the health care early this year and the Long Term Care, many years ago. DW and I will both get a pension at 55. Until then DW and I will work some part time in our businesses and rentals and that should keep our SWR well below 3%. No work at all would take us to almost 4% which is more than I am comfortable with for now since we are only 43 and have two kids. We do have money allocated outside of our retirement assets for their college so that will not be an additional expense.
We have tracked our expenses carefully for many years and have a good handle on the ongoing expenses, maintenance, depreciation, and replacement costs of our lifestyle. Of course the part time business income helps should the kids expenses rise more than the plan. We have and will continue to teach the concepts of LBYM and that to date has kept the kids costs to a reasonable level and instilled many valuable lessons.
After 21 years working at Mega Corp and the last 12 of them in a building with no windows, minimal lighting, sitting in a row of desks with 500 other engineers all just 4ft apart and of course having the A/c turned off most days after lunch so that the temp rises to 82 or better and then leaving for a second job its time to finally start living!
Early Semi Retirement was a goal DW and I set when we married over 21 years ago and we are very excited that it is finally happening. It has been quite a journey to get to this point but well worth it. Based upon the last few years we should be able to keep our business work to no more than 15 hours a week each which will leave time for us to be a family and raise our kids in a better way than we have been able to before with our schedules.
Thank you to all the regular posters on this board who share their knowledge and expertise so that others like us can learn and emulate.
Counting the Days,