I FIRE'd relatively early, packed my bags and relocated from the US to Vietnam, decreasing my expenses by 66%.
I was spending around $6k a month in the US and now spend around 1800 for a much better lifestyle. My SWR is sitting at 2-2.5% at the moment.
I've run my numbers many times and all calculators and AI's always tell me that I'll be good. But I just don't really know if that will indeed be the case or not.
I even ran my numbers through a sequence of returns risk calculator which tells me that most likely I'll be set even if I encounter a dot com or a great depression style crash.
But since the time horizon is literally almost 60 more years, I don't quite feel confident. How do I think about this? Any helpful pointers?
FIRE'd at 33, but anxious about a long term horizon
byu/nnm1108 infinancialindependence
Posted by nnm1108
1 Comment
The trick with living abroad is that you don’t know how the local economy will change in the future, and your investments are usually tied to your home country.
It’s very possible that Vietnam’s currency appreciates 2x+ vs. the dollar in the long run. Or not, who knows. Cost of living could go up significantly as well. There are just more variables to contend with as an expat (including getting tossed from the country at some point).
What I do is generally ensure my finances will pay for my lifestyle abroad (in Bangkok) but also in the states. That way if something fundamentally changes about living abroad I know my funds will support an acceptable lifestyle at home.