In the Fat FIRE Reddit community, a 49-year-old husband shared his family's impressive financial profile, including a combined income of $2 million and a liquid net worth of $9.5 million. With annual spending between $600k to $700k, he sought feedback on his expenditures while emphasizing his commitment to retire in 3-5 years with a goal of $15 million in net worth. Insights from the community suggested that adjusting spending habits could expedite his retirement timeline.
"Despite spending between $600k to $700k annually, a couple earning $2 million per year remains on track to hit their retirement goals in the next few years."
"The couple aims for a $15 million net worth to support a $600k yearly withdrawal, leveraging the 4% rule for financial security."
Collection
[
|
...
]