I want to thank all of you for your participation on this forum. As I have been on the final stretch it has been an encourgement. My wife and I have been on a path to FIRE for the past 25 years when I set that age when I set 50 as my target FIRE age. We have been consistently LBYM. Our kids are 18+ in age and we have 4 yr degrees fully funded for each of them not included in our retirement assets.
My question: Would you retire at age 50 with a net worth that is 26X annual retirement expenses?
My assumptions include:
My question: Would you retire at age 50 with a net worth that is 26X annual retirement expenses?
My assumptions include:
- Increasing spending in line with inflation
- 40/60 stock/bond allocation
- No pension
- 100% of health care & insurance funded out of annual expenses
- Home included in net worth
- Zero debt including zero mortgage
- Wife is 2 yrs older than I am
- One or both of us live until 90 yrs old