More than that. Replacement costs multiply the price by a few times over the course of your life and there is significant opportunity cost. If you don't spend

More than that. Replacement costs multiply the price by a few times over the course of your life and there is significant opportunity cost. If you don't spend the $1,000 then your ongoing costs are lower (a dishwasher lasts maybe 10 years, call it $100/yr - ignoring the operating costs since you're probably using a dishwasher the same number of times per year), that could be an income stream of about $50/yr - by FIRE logic you're probably $150/yr closer to not having to work any more and you have a bigger buffer for surprises along the way. Those are some pretty significant swings for most people. It isn't economically clever to have 2x as much personal capital on hand as you need unless you are fabulously wealthy already.