A 42-year-old Reddit user with over $3 million saved is feeling burnt out at work and is considering starting a family. While his savings offer good financial security, with a theoretical annual income of $111,000 from a 3.7% withdrawal rate, it may not be sufficient to cover living expenses, especially in high-cost areas. The user must balance his financial position with his desire for a more fulfilling life and explore options like reducing work hours to pursue personal goals without losing financial stability.
With $3 million invested at 42, the Redditor is clearly already on the path to financial security. At a safe 3.7% withdrawal rate, his investment account would already produce $111k in annual income per year.
If he lives in a high-cost-of-living area or is planning to settle down and have kids, an annual income of $111K probably isn't enough to stop working entirely.
Having $3 million invested does mean he can stop working so hard at his career, but it also raises the question of what his next steps should be.
The Reddit user's struggle reflects a broader investment in financial security while also seeking personal fulfillment, as he weighs the balance between work-life and family aspirations.
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