SuperCarGoals
Dryer sheet aficionado
- Joined
- Mar 22, 2018
- Messages
- 26
If you don't know what a "Rari" is then you haven't been listening to Fetty Wap or any of those other Hippity Hop Rappy artists out there
Seriously though - I do aspire to Fat FIRE with a Fer"rari" or Lamborghini type Super Car in my meager garage at some point - if possible.
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Hello there! I just created my account, but have been lurking for a bit.
I am 41 years old and in IT.
As of today, MINT puts us (me, my wife, and 2 young kids) at a net worth of about $1.920MM. Approximately $200K of that is primary residence equity.
Currently, we are saving about $50K - $60K in various vehicles (401K/Backdoor Roth/HSA), and are aiming to have our home paid off in about 11-12 years.
A basic retirement calculator shows us at $4.858MM if we are able to invest $55K per year at 7% starting with $1.720MM in investable assets today - in 12 years.
This should throw off $194K per year or $16K per month (4% SWR).
Let's say with taxes/healthcare unknowns, I'm down to $11K per month.
Once our house is paid off, I'd estimate our monthly "mandatory" expenses will be in the $3500-ish range.
This should give us $7500 in "fun" money - for travel/dining and a Ferrari lease!?!
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However, you know what they say about the "Best Laid Plans"
I'm sure I'll lose my job or get sick along the way - stock market crashes - the usual.
But I'm trying to be optimistic here
==
Am I being OVER-optimistic? Please feel free to poke holes/face-punch me.
Seriously though - I do aspire to Fat FIRE with a Fer"rari" or Lamborghini type Super Car in my meager garage at some point - if possible.
==
Hello there! I just created my account, but have been lurking for a bit.
I am 41 years old and in IT.
As of today, MINT puts us (me, my wife, and 2 young kids) at a net worth of about $1.920MM. Approximately $200K of that is primary residence equity.
Currently, we are saving about $50K - $60K in various vehicles (401K/Backdoor Roth/HSA), and are aiming to have our home paid off in about 11-12 years.
A basic retirement calculator shows us at $4.858MM if we are able to invest $55K per year at 7% starting with $1.720MM in investable assets today - in 12 years.
This should throw off $194K per year or $16K per month (4% SWR).
Let's say with taxes/healthcare unknowns, I'm down to $11K per month.
Once our house is paid off, I'd estimate our monthly "mandatory" expenses will be in the $3500-ish range.
This should give us $7500 in "fun" money - for travel/dining and a Ferrari lease!?!
==
However, you know what they say about the "Best Laid Plans"
I'm sure I'll lose my job or get sick along the way - stock market crashes - the usual.
But I'm trying to be optimistic here
==
Am I being OVER-optimistic? Please feel free to poke holes/face-punch me.
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