My wife and I are planning to FIRE on 2MM and a paid off house in a MCOL city in the US. We live off like $40k a year now but I expect that will increase once we pull the trigger due to healthcare costs and lifestyle inflation. Does this seem like too low of a target? Is anyone else in the same boat? We aren't planning on having kids.
Posted by fz-09
4 Comments
I retired at 55. Talk to a financial planner.
The number itself doesn’t seem unreasonable given your current spend and no kids.
What usually breaks FIRE plans isn’t the math — it’s uncertainty: healthcare, market sequence risk, and how lifestyle expectations change over time.
If you’ve stress-tested those variables and still feel comfortable, $2M + a paid-off home in an MCOL area can absolutely work.
There are a lot of factors we don’t know (like projected FIRE age) that could put you at risk at some point during your retirement. Best to use a tool like Boldin or Projection Lab to enter your assets, account balances, expenses (now + projected), etc.
Tbh you probably need a lot more money than that