We spend $240k annually but plan to cut that in half - can we retire comfortably with most of our net worth in rental property?

""That sounds like wishful thinking. Hard to cut back 50%," one commenter stated. "See if you can go three months spending only $8K/month.""

The FIRE movement inspires individuals to seek early retirement through careful financial planning. A couple in their 40s, with a net worth of $3 million, aims to retire in four years by significantly reducing their annual spending from $240,000 to $120,000, while considering relocating to a cheaper area. Reddit users from the Chubby FIRE subreddit shared insights and skepticism about their ambitious budget cuts, emphasizing the importance of realistic financial management as they prepare for their retirement dreams.

Read at 24/7 Wall St.