We're in our mid-30's were making over $1 million annually but my partner just lost her job

A Reddit user earning $700,000 annually expressed concern about adjusting finances after his partner lost her job. While already spending $354,000 yearly, the couple seeks financial independence, particularly as income fluctuates. They currently possess significant assets, including $2.4 million in a brokerage account and a rental property, but maintaining their lifestyle might necessitate cutting expenses. To sustain their annual spending based on the 4% withdrawal rule, he'd need approximately $8.85 million, possibly pushing them to rethink their financial strategies for stability and quicker independence.

The couple has a high income but equally high spending, which prompts concern about financial independence following the partner's job loss.

With their current spending of $354,000 annually, they would require a nest egg of about $8.85 million to sustain their lifestyle, aligning with the 4% rule.

Read at 24/7 Wall St.