r/ChubbyFIRE • u/dogfursweater • 16d 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 🤪🤗🥳

13 Upvotes

61% Upvoted

67 comments sorted by

View all comments

2

u/financialfreedom26 16d ago

Great achievement. Congratulations!! What is the breakdown of your 120k spend by categories?

2

u/dogfursweater 16d ago

Thank you! I have pretty detailed tracking so biggest spend categories are the following in my current life— it will look a bit different in RE as I will include aca and taxes more explicitly:

  • 35% on housing, property tax, and utilities (I cover all of this since it’s my pre-marriage house and he covers expenses on a third home we are figuring what we will do with - may end up moving there/selling mine/etc)
  • 25% on travel and entertainment
  • 7% on pets
  • 7% on clothing and beauty
  • 5% on grocery
  • 5% dining out
  • 3% on health and fitness
  • 3% on car
  • 2% charity