A Reddit user with a net worth of $7.1 million considers retirement despite uncertainty about an upcoming inheritance of $20 to $30 million. He has $4.3 million in accessible assets, projecting an annual income of $159,100 from investments, while his monthly fixed expenses are only $2,000. Given a 3.7% withdrawal rate, it appears he can easily maintain his lifestyle without financial strain. Even without considering his potential inheritance, signs suggest he may be financially secure enough to retire now and engage in his passions.
Given his substantial net worth, it appears the Reddit user could retire comfortably now, relying purely on his retirement investments, independent of any potential inheritance.
With fixed expenses of only $2K a month, the Reddit user’s current financial setup suggests he can sustain his lifestyle without financial strain.
While he feels unsure about stopping work, his current investments promise an annual income that well exceeds his basic living costs.
The inheritance does offer a safety net, but even without it, he has enough resources to enjoy retirement without excessive worry.
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