I paid off my mortgage and have $7 million in the bank - would you retire in 5 years if you were me?

The article discusses the aspirations of a Redditor who hopes to retire early through the FIRE (financial independence, retire early) movement. At 35, with a spouse and an incoming child, they express optimism about stepping down from a demanding job, although they may be underestimating future costs associated with raising a child. The couple, despite their high net worth, must prepare for unexpected expenses. This highlights the inherent challenges in planning for FIRE, especially regarding family finances and lifestyle changes.

Anytime someone starts seriously considering their FIRE number, there is hope that they are close enough to this number to make it meaningful.

One Redditor posting on r/fatFIRE is well ahead of the retire-early game at 35 with a spouse just one year younger.

Read at 24/7 Wall St.