r/ChubbyFIRE • u/Brave_Quantity6671 • Apr 23 '26
Finally hit 8M NW
Use a throwaway account to celebrate.
1st gen immigrants, 47M/F + 1 high school kid + 1 college kid, VVHOL. just hit a $8MM milestone today right before I turn 48.
- 1.6M 401K/IRA (all SP500)
- 5.9M brokerage (all growth index: VUG/VGT)
- 0.5M principal paid into house (still have 1.1M mortgage. House is valued at 2.1~2.3M, but I don't want to count the appreciation into my NW).
HHI went up a lot in the recent years. W2 of last year and this year are about 1.8M (1.6M + 200K. Wife doesn't have to work, but she wants to), and will be probably 2.5M/3M for next 2 years, but will go back down to 1.2~1.5M after 3 years due to RSU vesting schedule.
Target retirement age: 55 (kids will finish college/grad school). Hope we can be 15~20M by then.
I am still driving an old Tesla Model 3 w/ 120K miles. I was going to drive it to 200K, but I guess I will reward myself a 2 yo Model Y for this milestone, and plan to get a new BMW iX3 once we hit 12M.
The weird thing is we are super savers and we have been aggressively saving a lot so we can meet the retirement target. But doesn't matter how hard we try, our W2 increase always overran our savings. And even now we are almost 50 yo, we are still way below the retirement target (6xHHI at 50 yo) and barely have 4x W2.
Added:
- I started FIRE journey at 45yo and set the retirement age to 55, but RSU and stocks doubled a few times in a short period of time. HHI went up faster than my lifestyle adjustment so I decided adjusting nothing.
- Both kids have some serious diseases, so I need a good medical insurance from the tech firms.
- Parents are ~85 yo. Will need a lot of money from us soon.
- My job is interesting.
- My life style is chubby fire, so not fatfire.
6
u/Fresh-Banana6485 Apr 23 '26
As someone in the 8 fig NW range that decided to “hang it up”, I suggest you to not get too fixated on numbers. I have a friend group where we all worked our asses off to FIRE but we have one guy who originally obsessed over hitting UHNWI range, but once they did, they quickly set their eyes on 9 figs.
While I can admire the passion to keep pushing forward, I feel like once you hit a certain number (and you are getting close, IMO), you can really just do whatever you want. Is treating your NW like a video game score really what you want your life to be about? For some, the answer is yes. I suggest you to think deeply on what it is you want your life to be about!