3 ms·
You won't be able to FIRE on $180k for 10 years (or less), not even close. The thing about FIRE is you actually need way more money than regular retirement, be
by antisthenes 3y ago
You won't be able to FIRE on $180k for 10 years (or less), not even close.
The thing about FIRE is you actually need way more money than regular retirement, because you have to plan for a 40+year retirement instead of a 15-20 year one. On top of that you need a higher margin to account for uncertainty.
- philsnow 3y agoHDThoreaun is saying that it's possible to work in the private sector for a decade and save/invest enough to FIRE, especially if in your "retirement" you're also pulling in $180k/y and getting government benefits. There's "barista FIRE" (save enough and then go work as a barista, typically at starbucks because they had unusually good benefits, but I don't know if all that has changed after the unionization), but honestly working for the government seems like it could be even lower-stress than being a barista.