We want to retire in 2-4 years and spend $150K a year - can we afford a $1.5 million house in a pricey housing market?

"The goal of early retirement is far more than just a dream, it's a reality that can sometimes lend itself to dramatically saving every month to achieve."

"The best scenario is to buy the home outright and forget about a mortgage altogether."

"As they live in an expensive real estate market, their current thinking is to buy a home now while they can show a sizable income."

"The Redditor and his wife, both 45, have around $3.5 million in assets, including $1.2 million in a brokerage account."

The article discusses a Redditor aiming for early retirement in 2-4 years, highlighting their $3.5 million net worth and annual savings of $200,000. Despite aspirations for a new home, they grapple with the rising housing costs in their market. Their plan involves substantial increases in spending, raising it to $150,000 per year post-retirement. The article reflects on the FIRE community's goals and emphasizes careful financial planning to avoid overextending oneself with home purchases prior to retirement.

Read at 24/7 Wall St.