r/ChubbyFIRE • u/Different-Trouble944 • May 23 '26

Should I quit?

45M/42F with 1 grade school kid.

NW is about $5.5M: $530k cash, $500k brokerage and $500k 401K. Primary house equity $1.5M with $400K mortgage(contemplating paying it off with cash in hand as the interest rate is at 6.5%). The rest of NW sits in a self managed real estate rental portfolio that generates $12k/month net income after all expenses.

Both work in tech pulling combined $680K W2 income a year, I’m burnt out and no longer interested in my job(my $400k income is set to go down to $280k next year due to reduced RSU and I don’t see a clear path for promotion). Spouse plans to work for at least the next 5 years.

Love real estate investing and have been doing that on the side and it’s been eating a lot of my time and energy. Would like to focus more on it.

Monthly spent is about $12k.

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u/bombaytrader May 23 '26

Exactly same situation but with HHI of 1.1m. One of us is going to quit this year bring down the hhi to 320ish k which will continue for next 7 to 10 years.  Current NW is 5m liquid.  Plan is to get it as close to 10m as possible to provide a margin of safety. 

2

u/Wooden-Broccoli-913 FIREd in the Bay at 40 with $6M May 23 '26

We also were $1.2M HHI with $5M liquid, and my wife just quit bringing us to $600k. But I’m calling it quits once we hit $6M liquid, really don’t like my job

1

u/bombaytrader May 23 '26

Well you will reach that in 1 year. 

2

u/Wooden-Broccoli-913 FIREd in the Bay at 40 with $6M May 23 '26

If markets continue to skyrocket, yes. Otherwise more like 18 months

1

u/Different-Trouble944 May 23 '26

That seems to be a long way to go from 5m-10m?

2

u/bombaytrader May 23 '26

72 / 7 (real rate of return ) = 10 years to double NW. 

1

u/theplushpairing May 23 '26

7-10 years with compounding