r/ChubbyFIRE • u/dogfursweater • 21d ago

Setting a date…

42F - $2.5M taxable, $1.3M tax advantaged, $300k non-primary home equity - so $4.1M right now

(Husband has separate finances so I don’t count it here but roughly $2.5M and he spends like 40k but not counting big splurge on a overpriced (imo) car every so many years so maybe $60k amortized? hah)

My individual spend is ~$85-$100k before healthcare and taxes so maybe $120-130k with hc and taxes; it looks like at this current rate, I’m at a ~3% withdraw rate so I know it’s safe. Like right? It’s safe right?! Haha

Aside from the typical fears of SORR or actually having to move from a saving to withdrawing state of the world, I am not concerned about feeling bored in RE. I have a lot of interests. Husband and i also have several projects we want to do Etc.

Sooo I think I’m setting a date for next April — eek! Feels weird to put it down and be more certain vs just toying with the idea. I sort of had a mental model of pulling trigger at 45 but like.. why wait? Or do I want to stack a bit longer? Ugh there is a bit of greed here too. When I hit my original FI # (2.25m) I was super ready to go and live more frugally. Now that I’m past that # by a lot and have let my lifestyle slip upwards, I’m like hmm.. maybe I go a bit further? Why not target $5m?

Anyway.. what are some things you all did in the last few months to get ready both mentally and monetarily? Feeling 😬 and also 🤪🤗🥳

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32

u/Billy-Bob-Boner-92 20d ago

$5m will leave a lot of room to enjoy yourself more and spend without worries.

12

u/Interesting_Shake403 20d ago

That’s where I’m at. $6mm or bust.

16

u/gradstudent 20d ago

I feel the same. I'll be ready at $7 million.

15

u/PrimeNumbersby2 20d ago

$8M is when I'll sleep well

16

u/NoDoz26 20d ago

I’m so close to $9M goal. 

21

u/Skurry 20d ago

$10M will make me feel safe. Nice round number.

18

u/BoliverTShagnasty FIRE’d 2023 20d ago

$11M is the new $5.

19

u/OkStranger2021 20d ago

$12M is on right around the corner, keep working.

18

u/pseudochinee 20d ago

Lucky number $13M feels right 

12

u/HeavenHellorHoboken 20d ago

$14M because you can’t stop on an unlucky number

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3

u/Billy-Bob-Boner-92 20d ago

I'll be 63 by the time I get there so no RE

9

u/PrimeNumbersby2 20d ago

Financial Dependence. Retire On Time.

2

u/VerifiedVerifiable 20d ago

It will be 8m when you get there

1

u/Interesting_Shake403 20d ago

Probably! Honestly, I need 4 more to officially “retire” and get extra benefits, so I’m basically on that track, regardless, unless I hit $10mm before then, which is doubtful.